EtherBalls@lemmy.worldtoReddit@lemmy.ml•Reddit CEO Admits "we are not profitable" right before upcoming IPO
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1 year agoIt’s insane to me that a site with as much activity and engagement as Reddit is allegedly “not profitable”. He’s either flat-out lying or they have mismanaged the site to a legendary degree.
Either way, it’s pretty pathetic.
Gonna be interesting to see how the Celtics handle him. I don’t think he’s worth anywhere near the $20M that was floated, but Brad kinda hasn’t been wrong yet, so we’ll see what he thinks. Whatever choice is made will have huge repercussions on the rest of the offseason for the C’s