Reddit to double employees after raising $250 million
www.theverge.com
Reddit recently acquired Dubsmash.

I wonder why they aren’t profitable?!?

  • BeegYoshi@lemm.eeEnglish
    10·
    2 years 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.mlEnglish
    2·
    2 years 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.