Girlparts@kbin.social to Reddit Migration@kbin.social · edit-21 year agoFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comexternal-linkmessage-square87fedilinkarrow-up1322arrow-down10cross-posted to: [email protected][email protected][email protected][email protected][email protected][email protected][email protected][email protected][email protected]
arrow-up1322arrow-down1external-linkFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comGirlparts@kbin.social to Reddit Migration@kbin.social · edit-21 year agomessage-square87fedilinkcross-posted to: [email protected][email protected][email protected][email protected][email protected][email protected][email protected][email protected][email protected]
minus-squareSordid@kbin.sociallinkfedilinkarrow-up1·1 year 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-up0·1 year agoBecause it takes time to get that potential. The sellers want money now, while the buyers are okay with waiting.
minus-squareSordid@kbin.sociallinkfedilinkarrow-up1·1 year 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?