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this post was submitted on 23 Feb 2024
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This might help you understand the issue with reddit, which apparently has yet to ever cover its operating costs within a year:
https://www.forbes.com/sites/eriksherman/2024/02/26/reddits-ipo-filing-shows-lots-of-losses-after-nearly-20-years/
Kind of eye opening, even if you vaguely understood the situation beforehand.