this post was submitted on 12 Jun 2023
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I wonder why they aren't profitable?!?

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[–] [email protected] 11 points 1 year ago

On Sunday, Reddit said that it spent its entire marketing budget on a single 5-second Super Bowl ad celebrating its role in the GameStop stocks saga

According to a couple of sources on google, a 30 second spot in 2021 was 5.5 mil. So they spent over 900k on a pathetic, useless ad. Fuck these guys.

[–] [email protected] 3 points 1 year ago

As someone who almost took a job with Digg as they were expanding headcount massively before the v4 rollout, I would say this feels a lot like history repeating itself.

[–] [email protected] 2 points 1 year ago

Supposedly they have around 2,000 employees now. Can’t be engineering, wonder how much of that is in ad sales and operations?