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submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]
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[-] [email protected] 1 points 2 years ago

If the company can be made profitable, why isn't it? Why wouldn't the current owner rake in some profits before selling? Surely a company that is already profitable would be even more attractive for buyers.

[-] [email protected] 0 points 2 years ago

Because it takes time to get that potential.

The sellers want money now, while the buyers are okay with waiting.

[-] [email protected] 1 points 2 years ago

Reddit has been around for 18 years, though. Surely that's more than enough time to start turning a profit if the company is capable of it?

this post was submitted on 30 Jun 2023
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