[sschueller]

It's not profitable enough. Investors all expect double digit continuous growth. No one seems happy anymore to "just" make a profit.

This results in companies rapidly growing until no more profit can be made in the short term at which point they start cutting costs to continue show profit. The cuts result in destroying the long term value (firing valuable know how etc.) for a short term profit. At the end the company dies or becomes a sad zombie.

Rinse and repeat.

[lotsofpulp]

Reddit has not yet earned a profit.

https://companiesmarketcap.com/reddit/earnings/