[Macha]

It's pretty clear why it's not profitable now, they've ballooned the company to a huge size and not got any clear revenue or user growth improvements in line with the company size.

What I'm more surprised is that it wasn't profitable in the yishan/ellen pao era. They had reddit premium unlike the founders first run at the site, and they were still run by a handful of people in Conde Nast's back closet.