this post was submitted on 01 Jul 2023
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Mildly Infuriating

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Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.

I want my day mildly ruined, not completely ruined. Please remember to refrain from reposting old content. If you post a post from reddit it is good practice to include a link and credit the OP. I'm not about stealing content!

It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.


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[–] [email protected] 5 points 1 year ago

but it’s downright bizarre that Reddit can’t figure out how to make money.

Because of (venture) capitalism...

They made more from people giving it to them. If the company posted a profit, they'd have to pay taxes

So they pay themselves and amass assets.

If it fails you keep your salary and sell the assets. If you owe more than that's worth, declare bankruptcy. If not, collect a check.

Startups stay in this phase right up till IPO, where they try to flip to profits as fast as possible. Then you can not only declare x profits, but y% increase in profits.

Tldr:

They're nonprofitable by choice. This method just doesn't work during a recession.