[ScoutOrgo]

In spez's AMA, he mentioned reddit was not profitable. I don't see an advantage for the CEO to say that publicly and it not be true.

[pcthrowaway]

There are many ways of determining profitability (see https://en.wikipedia.org/wiki/Hollywood_accounting)

The CEO absolutely has an incentive to make it seem like this is the case, so they can use it to justify more user-hostile changes in the name of profits

[lotsoweiners]

I certainly don’t see an advantage in believing anything that any CEO says publicly.