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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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[–] Semi-Hemi-Demigod@kbin.social 183 points 9 months ago (21 children)

Research and development, at $438.3 million

What in the fuck has Reddit developed in the last year that cost half a billion fucking dollars?

[–] nucleative@lemmy.world 28 points 9 months ago (2 children)

I haven't seen that "you broke reddit" message in a while. Maybe they bought more servers?

[–] Moobythegoldensock@lemm.ee 4 points 8 months ago

The two options to fix that are either buy more servers or make enough idiotic decisions to drive your user base away that traffic is no longer an issue anymore.

I wonder which one reddit opted for?

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