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"ask me anything about running a profitable social media company". Except for that reddit is not profitable. http://blog.reddit.com/2013/08/reddit-myth-buster
by billb2112 13y ago
"ask me anything about running a profitable social media company".
Except for that reddit is not profitable.
http://blog.reddit.com/2013/08/reddit-myth-busters_6.html http://blog.reddit.com/2013/08/reddit-myth-busters_6.html
http://www.reddit.com/r/TheoryOfReddit/comments/1ihwy8/ratheism_and_rpolitics_removed_from_default/cb50c8c http://www.reddit.com/r/TheoryOfReddit/comments/1ihwy8/rathe...
- jedberg 13y agoFunny story about that. When we were owned by Conde, the accounting was a little different (they took on some of the charges, like Akamai), and so we were actually told we were slightly profitable. When that blog post went up I was as surprised as you to see it wasn't profitable when I was there.
- danilocampos 13y agoBut weren't you "deeply involved in the business?"
- jedberg 13y agoYes. What point are you trying to make?
- 300bps 13y agoI think his point is that he doesn't understand accounting and how complicated it can be so he thinks that if you were deeply involved in the business you should know every facet of every debit and credit. If he's right I guess I wasted about 300 hours studying for Financial Reporting and Analysis section in the Chartered Financial Analyst (CFA) program.
- jedberg 13y agoSince this isn't reddit, I won't just say: ^^this. But yes, I believe he was trying to point out that I couldn't have been involved if I didn't know, but doesn't understand the ins and outs of G&A and other such accounting practices.