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minus-squareLaLuzDelSol@lemmy.worldlinkfedilinkEnglisharrow-up14·14 days agoIt is a sound strategy for companies that need to reach a certain size to be viable, pretty much every mass-consumer tech company does it/did it.
minus-squareFartMaster69@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·14 days agoThere’s one tiny detail that you need a viable plan to actually turn a profit.
minus-squareshalafi@lemmy.worldlinkfedilinkEnglisharrow-up2·14 days agoAnd reddit did turn a profit, for the first time ever, shortly after going public.
minus-squareFartMaster69@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·14 days agoAnd how long did that last?
minus-squareLaLuzDelSol@lemmy.worldlinkfedilinkEnglisharrow-up3·14 days agohttps://investor.redditinc.com/news-events/news-releases/news-details/2026/Reddit-Reports-Third-Quarter-2026-Results/default.aspx They are still highly profitable, although yeah I agree their long term prospects are dimming.
It is a sound strategy for companies that need to reach a certain size to be viable, pretty much every mass-consumer tech company does it/did it.
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There’s one tiny detail that you need a viable plan to actually turn a profit.
And reddit did turn a profit, for the first time ever, shortly after going public.
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And how long did that last?
https://investor.redditinc.com/news-events/news-releases/news-details/2026/Reddit-Reports-Third-Quarter-2026-Results/default.aspx
They are still highly profitable, although yeah I agree their long term prospects are dimming.