Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years - eviltoast
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
    452·
    8 months 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!