The Reddit UI/app/experience hasn't changed in years, right? What do they need $450M/year of R&D costs [1] for? For serving advertisers? For infra ops? Seems bloated to me.
[1]: https://www.sec.gov/Archives/edgar/data/1713445/000162828024...
The Reddit UI/app/experience hasn't changed in years, right? What do they need $450M/year of R&D costs [1] for? For serving advertisers? For infra ops? Seems bloated to me.
[1]: https://www.sec.gov/Archives/edgar/data/1713445/000162828024...
I speculate that the R&D costs are adjacent to their forays into NFTs, TikTok-esque video scrolling which requires a lot of investment into video capabilities, their new AI stuff where they sell all the data to AI companies and so on
They also do things like the chat, live threads and other nonsense that I will never use but clearly will take a decent number of man hours to build.
There are the user avatars, the different events like Place. Or having to implement their own image/video sharing back-end.
Does that add up to $450M/year of R&D costs? I don't know.
Didn't they buy out a company for that?
That's not true, the UI's gotten much worse.