[…] 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.
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Because it has no business model, lol. What with shitty looking avatars and the community shitting on eachother and themselves by the hour? What business model? lol
How the fuck do you spend $69 million in a year running reddit? Reddit isn’t a box office movie production.