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Teehee
(lemmy.nz)
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this post was submitted on 30 Oct 2026
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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.
It is a sound strategy in the current market climate, for sure. It shouldn't be, but we've allowed markets to consolidate to the point where they often have few enough players to count on your fingers, so it is.
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.
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.
Was that from that Google deal or something else?