2021: Reddit announces they are going to double size of payroll after raising $250m in VC
I wonder why they aren't profitable?!?
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View original on lemmy.worldhttps://www.theverge.com/2021/2/9/22274077/reddit-funding-round-250-million-double-employees-investmentOpen linkView original on lemmy.world
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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.
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.
Supposedly they have around 2,000 employees now. Can’t be engineering, wonder how much of that is in ad sales and operations?