Hacker News Reader

Ex* Employee #500 here. All reinvested.

* https://paulhammant.com/2015/01/06/farewell-2014-farewell-th...

TW employee ~200 here (now ex). The vast majority of the profit was invested in expansion. You can't grow from the low hundreds of employees in year 2000 to almost 5,000 in 2017 without many tens of millions of dollars reinvested in expansion.

Either ways, profit would be become a factor in total valuation.

Probably a combination of both.