Continues to grow at a rapid pace

From the March 25, 2024 issue of TIME Magazine:

"...However, some superusers retain faith in the company. One, who said his name was Kevon but asked to remain anonymous over concerns about his job and personal life, wrote to TIME that he planned to buy shares in the IPO, believing that the current negative sentiment was more a product of Reddit's tendency to devolve into hive mind as opposed to wielding expertise or insight. 'Every year there are comments that the site/company are going downhill from what it used to be,' he wrote. 'Yet it continues to grow at a rapid pace.'"

Compare and contrast. Talk amongst yourselves.

Comment! It's anonymous!

9 replies (most recent on top)

Reddit is popular and free. Reddit has a lot of users but does not make a profit.
SAS is no longer popular and has never been free (quite expensive to be honest). SAS revenue is declining and so are the number of SAS users over the years as the SAS faithful users have mostly retired.
Reddit is planning to IPO and so is SAS. Buying stocks in both or either of them? Not so fast...or fools will soon be parted with their money. Only buy if you have money to burn or is a gambler.

In that Time article it said
"Reddit is one of the most-visited websites in the U.S., with 73.1 million daily active users. But the company is still unprofitable: While it grew 21% in revenue last year, it also lost more than $90 million—although that was an improvement on the $158 million it lost the year before. Compared to Instagram, X and other social media platforms, Reddit has especially struggled to monetize its audience through ads, partially because its content is generally more freewheeling and untamed than its counterparts. "

https://time.com/6835612/reddit-users-ipo/ article is not about SAS. It is about Reddit going IPO. Read it yourself and don't be fooled.

SAS continues to grow!

...in customer complaints, product defects, resignations, cancellations...

"it continues to grow" refers to the number of Reddit users.

Reddit is 20 years old. It has never made a profit. Maybe they make it up on volume 😁.

The market says RDDT is worth between $9 and $10 Billion.

https://www.google.com/finance/quote/RDDT:NYSE?window=5D

"Kevon" is a Reddit superuser, not a SAS employee or user:

Why Reddit Users Have Turned Against the Company’s IPOhttps://time.com/6835612/reddit-users-ipo/

Well he is at least right about whiny hive mind mentality if not the other stuff.

Is the referenced Time article actually about SAS?

"Yet it continues to grow at a rapid pace.'"

Define "it" please. "It" must be something other than revenue.

Thread regarding SAS Institute layoffs

Continues to grow at a rapid pace

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