Reddit has never turned a profit in nearly 20 years, but filed to go public anyway::Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.

  • AdmiralShat@programming.dev
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    1 year ago

    If a business was actually losing money for 20 years straight then how does it continue to grow? Think about Amazon and how long it wasn’t profitable despite being one of the largest businesses ever in recorded history.

    It’s a business scam that’s a legal way of pay significantly less taxes than they normally would.