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Cake day: June 16th, 2023

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  • A company of Reddit’s size might make hundreds of millions in ad revenue, but they also have hundreds of millions in costs. For example, spez said recently they have ~2000 employees. If we make a conservative estimate that the average salary is $50k, that’s $100 Million a year just in payroll (and given that they’re based in San Francisco, it’s definitely higher than that). And if you consider all the computers, servers, electricity and other utilities, marketing, etc, etc, it adds up quick.