• daikiki@lemmy.world
    22·
    9 months ago

    They spent nearly half a billion dollars on R&D in 2023? I could have turned off the API and the gilding system for like half that.

    • viking@infosec.pub
      22·
      9 months ago

      Most companies hide random expenses somewhere in the R&D budget, since it’s very opaque. Probably a few thousand random iPads as “gifts” to distinguished contributors and whatnot that were labeled as testing equipment.

      I’ve been auditing major companies for a living some years ago, and there was all kinds of stuff booked as R&D expenses that would make actual staff jump for joy, had they been able to use it.

  • slazer2au@lemmy.worldEnglish
    14·
    9 months ago

    Interesting, Reddit makes about $5.50 per US user per quarter while only making about $1.3 per non US user.

  • Lvxferre@mander.xyz
    5·
    9 months ago

    I’m completely uninformed when it comes to USA legislation, so here’s a question:

    If the reasoning in the OP of the linked Reddit thread is correct, with Huffman and Newhouse seeking to enrich themselves at the expense of retail shareholders, would there be any possibility for the shareholders to sue them?

    I’m asking that because I expect at least some suckers to buy Reddit stock, even if only to diversify their portfolios.

    • TheOneCurly@lemm.eeEnglish
      5·
      9 months ago

      The structure of their ownership is public knowledge and available to anyone looking to purchase. That pretty much covers them in the US. Zuckerberg has a somewhat similar deal with meta.

      • Lvxferre@mander.xyz
        11·
        9 months ago

        Damn. That also hints why they’re selling shares only in USA, not in other countries.

        [Thank you for the info!]