That's the risk they take, indeed. Also the risk for anyone who migrates as chances are the alternative is not profitable either. In the end, to sustain the offering party needs to be profitable or at least break even.
Reddit went from 700 employees to 2000 employees because they took VC money and have to grow grow grow. I'm sure one could make a sustainable business out of Reddit but nobody wants just a sustainable business.
The cycle will repeat for sure -- it's been repeating for over 20 years now.
wvenable|2 years ago
The cycle will repeat for sure -- it's been repeating for over 20 years now.