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Stack Overflow's CEO doesn't understand Stack Overflow
(jlericson.com)
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this post was submitted on 27 Jul 2023
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Technology
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Joel Spolsky and Jeff Atwood founded it, and it was sold to Prosus, a Netherlands-based consumer internet conglomerate, on 2 June 2021 for $1.8 billion.
I guess someone would like some of that money back.
lol almost $2 billion for a website with almost no ads and that makes almost no revenue? Especially now that they closed the (paid) jobs section?
ROI in 10000 years?
Valuation is usually based on potential revenue, not actual revenue. A $2 billion valuation would have been about $50 per user. It seems reasonable Stack Exchange should be able to make that much money per user somehow over the entire future existence of the company... if it's run well. Which doesn't seem to be happening from where I'm sitting.
How similar this is to how capitalists look at natural "resources". "This website[wetland] sure is great. Lots of people[animals] are loving it. And it's a vital part of the development[water] cycle... But it's just not making me any money!"