Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway

ZeroCool@slrpnk.net to Reddit@lemmy.ml – 170 points –
Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway | CNN Business
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That motherfucker for 800k for THAT performance last year? I've never seen a blow up like he oversaw...how the fuck does that get you a bonus?

There was no blowup, Reddit both received more funding and their advertising earnings increased. A 21% revenue growth in 2023, I'd say also active user growth but I'm not entirely sure.

He's paid to be the face that everyone blames.