Research and development, at $438.3 million
What in the fuck has Reddit developed in the last year that cost half a billion fucking dollars?
An ugly new logo, continued development on world’s shittiest mobile app, and a terrible brand new UI for the website (not to be confused with the previous terrible new UI)
Oh yeah, they also did some NFT bullshit, almost forgot about that one.
3d probably shouldn’t be in logo’s except mabye for the apple photos app because coloured glass
Skeumorphism has entered the chat
I haven’t seen that “you broke reddit” message in a while. Maybe they bought more servers?
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The two options to fix that are either buy more servers or make enough idiotic decisions to drive your user base away that traffic is no longer an issue anymore.
I wonder which one reddit opted for?
Remember when they killed API access claiming it cost the 10s of millions each year? Turns out they could have just not spent so much on reddit avatars and we’d all still be there today.
They could have just paid the CEO a little less to cover it too. It was just greed so they could sell the data at a pittance, even though the cat is already out of the bag.
they’re selling the ability to harvest data, not provide a platform for anything particularly useful… they are developing data harvesting tools, including for AI…
Monetization and adware.
They are paying lots of programmers. 99% of which are unneccessary, to enshitify the site with new features that subtract value for users.
Let‘s see, almost 200 million to their CEO, almost 100 million to their COO. They also got a new logo!
Jokes aside I‘m as floored as you.
Hey, it’s not easy to make a shitty new redesign of a site. That stuff costs money.
Twice
The executive payroll
Maybe they’re bankrolling theDonald’s NYC fines.
Those stupid fkn icons or smth
you think ‘place’ was free?
They were giving reddit gold to everyone
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They gotta sell access to AI companies somehow.
