Baraza
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
@Clbull@lemmy.world
cake
to Technology@lemmy.worldEnglish • 1 year ago

Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years

www.forbes.com

external-link
message-square
133
fedilink
698
external-link

Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years

www.forbes.com

@Clbull@lemmy.world
cake
to Technology@lemmy.worldEnglish • 1 year ago
message-square
133
fedilink
When will the company make money? After two decades, it still can’t say. And there are enough other red flags that investors might want to be wary.
  • Semi-Hemi-Demigod
    link
    fedilink
    145•1 year ago

    Research and development, at $438.3 million

    What in the fuck has Reddit developed in the last year that cost half a billion fucking dollars?

    • @muntedcrocodile@lemmy.world
      link
      fedilink
      English
      93•1 year ago

      The executive payroll

    • @herrcaptain@lemmy.ca
      link
      fedilink
      English
      71•1 year ago

      Hey, it’s not easy to make a shitty new redesign of a site. That stuff costs money.

      • @jol@discuss.tchncs.de
        link
        fedilink
        English
        11•1 year ago

        Twice

    • @jballs@sh.itjust.works
      link
      fedilink
      English
      69•1 year ago

      Remember when they killed API access claiming it cost the 10s of millions each year? Turns out they could have just not spent so much on reddit avatars and we’d all still be there today.

      • KᑌᔕᕼIᗩ
        link
        fedilink
        English
        10•1 year ago

        They could have just paid the CEO a little less to cover it too. It was just greed so they could sell the data at a pittance, even though the cat is already out of the bag.

    • @nucleative@lemmy.world
      link
      fedilink
      English
      22•1 year ago

      I haven’t seen that “you broke reddit” message in a while. Maybe they bought more servers?

      • @Patches@sh.itjust.works
        link
        fedilink
        English
        26•1 year ago

        Because I haven’t been back since the API Debacle…

        FTFY

      • @Moobythegoldensock@lemm.ee
        link
        fedilink
        English
        3•1 year ago

        The two options to fix that are either buy more servers or make enough idiotic decisions to drive your user base away that traffic is no longer an issue anymore.

        I wonder which one reddit opted for?

    • theodewere
      link
      fedilink
      15•
      edit-2
      1 year ago

      they’re selling the ability to harvest data, not provide a platform for anything particularly useful… they are developing data harvesting tools, including for AI…

    • @eran_morad@lemmy.world
      link
      fedilink
      English
      14•
      edit-2
      2 months ago

      deleted by creator

    • Kbin_space_program
      link
      fedilink
      12•1 year ago

      Monetization and adware.

    • @CosmoNova@lemmy.world
      link
      fedilink
      English
      12•1 year ago

      Let‘s see, almost 200 million to their CEO, almost 100 million to their COO. They also got a new logo!

      Jokes aside I‘m as floored as you.

    • @Shdwdrgn@mander.xyz
      link
      fedilink
      English
      10•1 year ago

      Maybe they’re bankrolling theDonald’s NYC fines.

    • @btaf45@lemmy.world
      link
      fedilink
      English
      9•1 year ago

      They are paying lots of programmers. 99% of which are unneccessary, to enshitify the site with new features that subtract value for users.

    • @friend_of_satan@lemmy.world
      link
      fedilink
      English
      6•1 year ago

      deleted by creator

    • @Tronn4@lemmy.world
      link
      fedilink
      English
      5•1 year ago

      They were giving reddit gold to everyone

Technology@lemmy.world

!technology@lemmy.world

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.world

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


  • @L4s@lemmy.world
  • @autotldr@lemmings.world
  • @PipedLinkBot@feddit.rocks
  • @wikibot@lemmy.world
  • 1.42K users / day
  • 4.78K users / week
  • 9.22K users / month
  • 23.6K users / 6 months
  • 71K subscribers
  • 11.3K Posts
  • 256K Comments
  • Modlog
  • mods:
  • @L3s@lemmy.world
  • enu
  • Technopagan
  • L4sBot
  • BE: 0.19.3
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org