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Clbull@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago

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

www.forbes.com

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  • technology@lemmit.online
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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years

www.forbes.com

Clbull@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago
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  • technology@lemmit.online
When will the company make money? After two decades, it still can’t say. And there are enough other red flags that investors might want to be wary.
  • Aatube@kbin.social
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    1 year ago

    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!

    • Municipal0379@lemmy.world
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      1 year ago

      Coke. Lots and lots of coke.

    • HarkMahlberg@kbin.social
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      1 year ago

      Ich bin ein kbinner?

      • Aatube@kbin.social
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        1 year ago

        Nein, du binst ein binner

    • btaf45@lemmy.world
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      What the heck are they doing‽

      Enshitifying the site with new features that subtract value.

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