this post was submitted on 28 Feb 2024
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Seeing a report like that, that they did all these things to raise funds and are still not profitable, is there any reason why anyone would invest? Surely the price can only go down from initial offering, right? Unless the price started very low.
People who invest are betting that the problems can be solved by a new team or when the company is sold to Facebook.
Imagine thinking that about a company that isn't even doing remotely as well as Lycos.
That's right, it still exists and unlike reddit it's profitable.
Now that's a name I've not heard in a loooong time.