229
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Jul 2023
229 points (98.3% liked)
Ask Lemmy
26669 readers
1539 users here now
A Fediverse community for open-ended, thought provoking questions
Please don't post about US Politics.
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
founded 1 year ago
MODERATORS
The majority of their expenditures are salary and rent. They've hired on a shit ton of investors 'friends' as upper MGMT and pay them loads to do shit work.
The API price is calculated by what they expect to pull in from ad revenue, which is insanely overinflated to make the bottom line look good for IPO.
Give 'em a couple months, maybe a quarter. When ad-rev is crap, they'll lay off another load and send spez packing.
They have 2000 staff their salary expenditures must be insane
They’re clearly burning through VC until they IPO with the hopes that once they IPO they will then be propped up financially by shareholder investment. It worked for Facebook and twitter a decade ago so it must work now right? Never mind that Facebook had much more viable revenue streams and that twitter stagnated and is now tanking (tbf that’s kind of elons fault)
They’ll chug along as always longer than that though unless fidelity cuts their valuation significantly again. They have a lot of inertia. Ad buys seem impacted but impressions don’t although I haven’t followed things super closely. Reddit has a shitload of casual users who will check it every day and simply don’t care about the admins or site drama
2,000 employees with an average salary of 100k (which I pulled out of my ass but probably on the low end) is 200 million a year just on payroll.
I'd love to see that honestly.