[rossriley]

Let's put this in context, Reddit has somewhere in the region of 1.2 Billion users a month and supposedly earn somewhere in the region of $350Million a year in advertising revenue. This is a very good business and something that could easily be profitable.

The issue is they took in VC investment at a $10Billion+ valuation and for that $350M is not enough they need to probably triple it to get somewhere close to that valuation.

So let's not confuse on paper profitability with desired profitability at current VC valuation.