"However, we weren't profitable at all. In fact, we felt like we were burning cash as fast as we could just to handle the growth. It's expensive to give users a fast experience with lots of features, pictures, and video. We needed more computer storage and power and stuff. We knew at some point we'd be profitable: roughly speaking, we thought we'd have two ads on a page that would sell for a fraction of a cent each.
"In the normal media business, inventory is sold on a 'CPM,' or cost per...
Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!