I wonder why they aren’t profitable?!?

  • BeegYoshi@lemm.ee
    link
    fedilink
    English
    arrow-up
    9
    ·
    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.

  • tj111@lemmy.fmhy.ml
    link
    fedilink
    English
    arrow-up
    2
    ·
    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.

  • deegeese@sopuli.xyz
    link
    fedilink
    English
    arrow-up
    1
    ·
    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?