Why would anyone buy shares in a company that is not profitable, nor may never be profitable. Even they wrote that in the IPO. What would a buyer of shares be buying a share of?
Well, you get the shares “cheap” because it’s not profitable and hope that they turn profitable, e.g. by selling user data, or paywalling everything like Twitter. The mods make $0. For them, it’s probably more like: Why are the mods only paying us $0? How can we maximize that?
Why would anyone buy shares in a company that is not profitable, nor may never be profitable. Even they wrote that in the IPO. What would a buyer of shares be buying a share of?
You live in a world where people are buying NFTs, and you find THIS surprising?
Well, you get the shares “cheap” because it’s not profitable and hope that they turn profitable, e.g. by selling user data, or paywalling everything like Twitter. The mods make $0. For them, it’s probably more like: Why are the mods only paying us $0? How can we maximize that?