53 Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway (edition.cnn.com) posted 271 days ago by woxter 271 days ago by woxter +55 / -2 Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway | CNN Business Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday. 24 comments share 24 comments share save hide report block hide replies
In Reddit case, China has invested in them.
"Reddit gets a $150 million investment from Tencent and users are posting memes to mock the deal"
https://www.theverge.com/2019/2/11/18216134/reddit-tencent-investment-deal-memes-amount-winnie-the-pooh-tank-man-china