They spent nearly half a billion dollars on R&D in 2023? I could have turned off the API and the gilding system for like half that.
this post was submitted on 12 Mar 2024
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Most companies hide random expenses somewhere in the R&D budget, since it's very opaque. Probably a few thousand random iPads as "gifts" to distinguished contributors and whatnot that were labeled as testing equipment.
I've been auditing major companies for a living some years ago, and there was all kinds of stuff booked as R&D expenses that would make actual staff jump for joy, had they been able to use it.
Interesting, Reddit makes about $5.50 per US user per quarter while only making about $1.3 per non US user.
Anyone have an idea why?
Probably a lot of different reasons, but it doesn't help that pretty much everything is translated by volunteers. I moderated 3 big brazilian subreddits, Brazil is one of the largest non-English speaking groups using Reddit, yet we only got a portuguese speaking community manager a couple of years ago. So if you are a local ad agency and you want to collaborate with Reddit, good luck, they make zero efforts to adapt into your region. Do you want to collect data from brazilian users? You need LGPD compliance, which means paying a local lawyer... Not happening, and so on.
Probably has to do with geography and ad tagging is my guess. A US user is more apt to spend money on advertised products maybe?
Wild guess out of my ass would be they can't charge as much because they cant target the advertising as specific.
MONEY
2024: the year of the r/wallstreetbets getting permanently banned
I'm completely uninformed when it comes to USA legislation, so here's a question:
If the reasoning in the OP of the linked Reddit thread is correct, with Huffman and Newhouse seeking to enrich themselves at the expense of retail shareholders, would there be any possibility for the shareholders to sue them?
I'm asking that because I expect at least some suckers to buy Reddit stock, even if only to diversify their portfolios.
The structure of their ownership is public knowledge and available to anyone looking to purchase. That pretty much covers them in the US. Zuckerberg has a somewhat similar deal with meta.
Damn. That also hints why they're selling shares only in USA, not in other countries.
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