This year is no different, ranging from the monumental efforts to successfully launch OverflowAI to dealing with the ongoing threats to customer budgets shifting due to the macroeconomic pressures impacting the entire tech industry. This is why we have been so focused on our path to profitability, even as we commit to the continued product innovation of Stack Overflow for Teams and the health of the public platform by building out our AI/ML capabilities.
I’m sorry. Can we take a closer look at the start of that second sentence? "… focused on our path to profitability, …" Uh, what? Founded in 2008, acquired by Prosus for $1.8B in August 2021, raised a funding total of 153 million, with a staff of roughly 250-500, and it’s not profitable?
I end up on Stack Overflow multiple times a day, sometimes more if things aren’t going particularly well. I assumed they ran a nice little business. They’ve been around as long as I can remember, they have plenty of traffic and content, and an advertising model. Plus an enterprise plan for virtually a ‘private Stack Overflow’ just for your company. And yet, not profitable. This really is hard to me to even fathom.