jb on Nostr: I saw an article today claiming that Reddit was profitable for the first time ever 20 ...

I saw an article today claiming that Reddit was profitable for the first time ever
20 years of losing money and now all of a sudden they are profitable due to “advertising revenue”
When CEO Ellen Pao jumped ship from Reddit In 2015 she basically admitted that online advertising was a complete scam
Nothing has changed nine years later
Epic levels of financial shitbaggery going on here