[…] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.

  • Blaze@reddthat.com
    27·
    9 months ago

    Thanks for sharing.

    But investors then will be buying Reddit on a leap of faith, rather than old-fashioned discipline.

    Hopefully they won’t

    • Fapper_McFapper@lemmy.world
      181·
      9 months ago

      I don’t know many investors but the ones I do know would never take a leap of faith like this. This is almost guaranteed money loss. Maybe Steve is fighting against the 1% in his own way. God bless you Huffman, god bless you.

    • Buddahriffic@lemmy.world
      10·
      9 months ago

      It wouldn’t surprise me if Reddit’s own popular investment sub changes their stance on short selling for this one stock. I’m not sure what it’s been like since the exodusish, but when I was still on there the Reddit IPO was treated as a joke.