Post by George Hadjia on X
George Hadjia@GHadjia
XJust remember that Facebook in 2009 had similar revenues ($777m) to $RDDT today yet had 34% operating margins vs -17% for Reddit. The lack of cost discipline at $RDDT is truly astonishing. For every dollar of revenue they’re paying 55c for R&D and I can’t figure out what for
169 likes10 repliesPosted Mar 21, 2024