Supposedly Imgur is profitable and has been since Day 1. So not everyone in this space is destined to crash and burn.
https://www.neowin.net/news/from-rags-to-riches-the-story-of...
Quote: "Imgur has always been profitable right from the very beginning and the only time I ever had to spend money on it was for the initial domain name because as soon as I released it, people liked it so much that they were donating and so Imgur survived for the first six months just purely on donations."
I mean now that they've created a social network and are redirecting all image links to their shitty webpage with the cat paw, ok, I believe it, but since day 1 when they were just hosting images? There's no way they were making money off that
First donations, then using plain old ad networks.
It was bootstrapped for years.