On Sunday, Reddit said that it spent its entire marketing budget on a single 5-second Super Bowl ad celebrating its role in the GameStop stocks saga

According to a couple of sources on google, a 30 second spot in 2021 was 5.5 mil. So they spent over 900k on a pathetic, useless ad. Fuck these guys.

Supposedly they have around 2,000 employees now. Can’t be engineering, wonder how much of that is in ad sales and operations?

As someone who almost took a job with Digg as they were expanding headcount massively before the v4 rollout, I would say this feels a lot like history repeating itself.