- Reddit, which loses money, is currently worth about $8.15 billion.
- The New York Times, which makes money, is worth about $7.2 billion.
- That's because investors love Reddit's business model, which depends on free content from its users.
Pop quiz!
Which media company is more valuable? One that generated $800 million in revenue last year and lost $90 million?
Or one that brought in $2.4 billion and made a $232 million profit?