Founders

Anyone who read the Reddit S1, why does it cost $891MM to run reddit?

director of product @seedclub. i host S-TIER @ X Spaces & i interview crypto builders @ web3galaxybrain.com.

I don't see that figure? In FY23 they declared $944M in Costs and Expenses.

It cost them about $111M to generate that revenue. The rest of their expenses went into R&D ($438M), S&G, and G&A.

The $111M was due mostly to hosting costs.

They spend a ton on stock-based compensation. That's a bit of a surprise.

i assumed based on the headlines of 800M revenue and 91M losses