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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years (www.forbes.com)

submitted 9 months ago by Clbull@lemmy.world to c/technology@lemmy.world

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[–] andrewrgross@slrpnk.net 17 points 9 months ago (1 children)

What does that mean? Who pays the shortfalls?

[–] ApeNo1@lemm.ee 13 points 9 months ago

I am not a CFO but I believe essentially by eating into cash reserves and accumulating debt. Also there is some wizardry when you work out operating profit / EBIT.

Earnings vs Debt

Someone more financially competent may want to offer a more accurate answer.