• magnetosphere @beehaw.org
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    1 year ago

    I understand that large social media companies are expensive to operate, but THIRTY MILLION DOLLARS A YEAR? What are those morons doing?

    • empireOfLove@lemmy.one
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      1 year ago

      30 million is actually a lot less than I expected. Although I suppose they are still a quite small site.

      Online services like Spotify are still burning cash flow to the tune of €450m a year.