this post was submitted on 14 Jun 2023
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Lmao! But he claimed reddit wasn't profitable
Revenue and profits aren't the same thing. Profits are what is left of the revenue after expenses are paid.
true, but that's like telling a crew of a sinking ship, "guys, i know a lot have abandoned ship, but we're still good on buckets."
Which tells me he's probably not that good at his job (which should be maintaining a balance between the two IMO)...
Most big tech companies aren't profitable. Even YouTube.
Don't have to pay taxes if you technically don't make profits