Girlparts@kbin.social to Reddit Migration@kbin.social · edit-22 years agoFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comexternal-linkmessage-square85fedilinkarrow-up1314arrow-down10cross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltechnology@lemmy.worldtech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldnews@beehaw.org
arrow-up1314arrow-down1external-linkFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comGirlparts@kbin.social to Reddit Migration@kbin.social · edit-22 years agomessage-square85fedilinkcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltechnology@lemmy.worldtech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldnews@beehaw.org
minus-squareSordid@kbin.sociallinkfedilinkarrow-up1·2 years agoIf the company can be made profitable, why isn’t it? Why wouldn’t the current owner rake in some profits before selling? Surely a company that is already profitable would be even more attractive for buyers.
minus-squareJamesFire@lemmy.worldlinkfedilinkarrow-up0·2 years agoBecause it takes time to get that potential. The sellers want money now, while the buyers are okay with waiting.
minus-squareSordid@kbin.sociallinkfedilinkarrow-up1·2 years agoReddit has been around for 18 years, though. Surely that’s more than enough time to start turning a profit if the company is capable of it?
If the company can be made profitable, why isn’t it? Why wouldn’t the current owner rake in some profits before selling? Surely a company that is already profitable would be even more attractive for buyers.
Because it takes time to get that potential.
The sellers want money now, while the buyers are okay with waiting.
Reddit has been around for 18 years, though. Surely that’s more than enough time to start turning a profit if the company is capable of it?