WE HAD A GOOD THING YOU STUPID SON OF A BITCH!
We had 3PA's, we had all the free labor in the world, just from passionate people who wanted to share the things they love, we had bots to fight spam, and extremely talented developers who made your stupid website work on mobile. It all ran like clockwork, if you could have just shut your mouth we'd all be fine right now.
But no, you just had to blow it up. YOU, AND YOUR GREED AND YOUR EGO.
Edit: grammar
I am unsure how many ppl they had employed. I read they let go of 5% of the developers. So I guess a lot of money is put there. But I am unsure how much they work on stuff that we as users can see. Growing a business cost a lot of money so much that most just sell their company (merge) so an other company can help out with that who have already grown and got the money. I heard they wanted to go public, so I guess there will be an other meme stock soon ๐
I am fine with them asking for money but they should ask for something that makes sense not so much so in a year it would cost 20M...
That's called the "fuck you" price. He knew how ridiculous that price was. He didn't negotiate with the 3rd party devs to try and find a solution that let's reddit earn a profit on API access and lets the devs earn a share for themselves. The whole thing was meant to burn the devs with the pipe dream that reddit could charge the ML/AI corps to train off our conversations. That horse left the barn 2 years ago.
At some point last year they had 1400 employees. One thousand fucking four hundred.
For a link aggregation site.
It was 2000 when they just let go of 5% of them.
lolll are these the fucks i've been arguing with for the last year
Holly shit!!! That is a lot! How were they even able to have so many ppl? I thought they were max 50 maybe even only 20 lol
Reddit is one of the most trafficked website on the internet. Their infrastructure department alone is likely hundreds of people. Their non-infrastructure developers is probably also in the hundreds. Technology operations another few dozen. Security/cyber another few dozen. General technology staff probably makes up well over half of their payroll. Then consider HR, legal, regulatory-related positions, facilities, etc. it can add up quickly.