this post was submitted on 24 Jun 2024
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I'm withholding judgment until we get more details. I remember reading good things about Teixeira from people who worked with him, so putting aside this doozy of a case, hopefully his health and family will be alright.
Nothing of worth to comment on the case, but something in the article caught me off guard:
Is Pocket seriously not profitable? I keep seeing contradicting claims about it. Thinking I'll need to learn how to read financial reports to get an actual answer.
Edit: the audited financial statements 2020–2023 show continuous growth in subscription and advertising revenue, which is where Pocket is bundled alongside VPN, Monitor, etc.
That doesn't tell me anything about their individual operational expenses and whether any are profitable, though. Understandably, the organization might not have such a clear distinction between their expenses, or even if they do, they might not need to publish that... So how does one know if Pocket (in this instance) is profitable or not?
If anyone out there who has made claims regarding the profitability of products such as Pocket can point me the way to finding this kind of information, I'd be immensely grateful.