I don’t believe their hosting costs are that high. But they did go from about 700 employees to somewhere around 2000 employees. I suspect a lot of their overhead is headcount.
This doesn’t get mentioned enough. They drastically increased their workforce during covid. That is a massive new expense and what exactly do they have to show for it? Has Reddit improved in that time? I don’t see that it has. Now suddenly this bizarre API move. None of it adds up to good leadership to me.
I don’t believe their hosting costs are that high. But they did go from about 700 employees to somewhere around 2000 employees. I suspect a lot of their overhead is headcount.
instead of giving the site a working search feature after 15 years, they doubled down on year end wrap ups, vertical videos, chat, and other nonsense
Which makes spez’ claim that their top priority now is delivering new moderation tools so damn hilarious.
This doesn’t get mentioned enough. They drastically increased their workforce during covid. That is a massive new expense and what exactly do they have to show for it? Has Reddit improved in that time? I don’t see that it has. Now suddenly this bizarre API move. None of it adds up to good leadership to me.