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

Clbull@lemmy.world to Technology@lemmy.world – 610 points –
Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years
forbes.com
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In 2023, the company’s revenue was $804.0 million. Research and development, at $438.3 million, was more than half, an awfully big number for a company of this age.

What the heck are they doing‽

Edit: oops, Semi-Hemi-Demigod beat me to it. Hello, fellow binner!

What the heck are they doing‽

Enshitifying the site with new features that subtract value.