Reddit’s cofounder said that at first the company felt like ‘a homework assignment that got out of hand’ rather than a business::Reddit’s cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.
They need to make some money - infrastructure isn’t free, employees need paid, etc. they should be self sustaining.
They don’t need to be 2009-Google profitable though. That pipe dream needs to end. 3-5% YoY growth is plenty.
They want 100 million $ houses on beaches that’s why they are going after an IPO. The whole idea that they are not making money is laughable