this post was submitted on 11 Jun 2023
19 points (100.0% liked)
Memes
45608 readers
1126 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
developers are quite expensive too.even though they don't have many developers, it can still be a huge spending.
Reddit as a whole has somewhere around 2k employers (minus 90 after the layoffs)
That's a shockingly high number considering how little user facing development there has been
2k employees at 100k/year for everything would be 200M/year just in compensation. That, plus hosting and all the server costs could put them close to this ad revenue if not slightly over. However, this ad revenue isn't including things like reddit gold and gifts, I'm curious to see how that factors in.