IMO there is nearly no chance that they are profitable, given how hard they scaled up hiring after getting that fidelity funding in 2021. They were massively overvalued and I'm surprised Fidelity only cut their valuation by 40%.
I can't imagine what they've done that would have actually brought in revenue. Ads and awards sure, but new reddit, the 1p app, etc are all garbage. Revenue per employee must be in the shitter.
IMO there is nearly no chance that they are profitable, given how hard they scaled up hiring after getting that fidelity funding in 2021. They were massively overvalued and I'm surprised Fidelity only cut their valuation by 40%.
I can't imagine what they've done that would have actually brought in revenue. Ads and awards sure, but new reddit, the 1p app, etc are all garbage. Revenue per employee must be in the shitter.