this post was submitted on 12 Jun 2023
446 points (99.3% liked)

Canada

7278 readers
368 users here now

What's going on Canada?



Related Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.


πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.


πŸ’΅ Finance, Shopping, Sales


πŸ—£οΈ Politics


🍁 Social / Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
 

Even the CBC is making an article about it! πŸ˜…

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 23 points 2 years ago (3 children)

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.

[–] [email protected] 21 points 2 years ago (1 children)

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

[–] [email protected] 2 points 2 years ago

Which makes spez' claim that their top priority now is delivering new moderation tools so damn hilarious.

[–] [email protected] 11 points 2 years ago

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.

[–] [email protected] 1 points 2 years ago

They also could have taken loans to reinvest in growth. From buying alien blue, to their api, to backend changes to add new ad offerings and whatever else they sell to companies... They're all major efforts, and probably include marketing campaigns

If they took loans to grow... Well if you grow explosively it's a huge win, but if you don't you're weighted down moving forward. And investors are going to love it, since they don't care about breaking even, they care about that one investment that's going to go 100x or more