They could have funded 150 startups for 10 years and created 1500 highly motivating startup jobs with that money but instead it will just maintain the status quo, pay Reddit engineers to be corporate cattle and allow reddit to be as innefficient as ever.
That's a lot of money. 200k per year. Enough to pay for two or three employees in most developed countries. 2 or 3 people is really all you need to build a meaningful startup.
It seems that investors in the US have gotten so used to paying high economic rents and financial middlemen that they have lost track of the real value of money. 2 million is an enormous amount of money.
I could build an entire reddit from scratch for 100k. Scaling to millions of users is not difficult these days. I could even build an entire cloud platform from scratch for less than 200k on top of Kubernetes.
