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The $68M number comes from a statement that says their General and Administrative expenses were up year over year and the growth was primarily driven by an in-p
by Aurornis 9mo ago
The $68M number comes from a statement that says their General and Administrative expenses were up year over year and the growth was primarily driven by an in-person company event.
The Tweet extrapolates to assume that the entire difference was due to the event and calls it a "party"
Even if we assume 100% of the increase was due to the event, that's about $6800 per employee, or about a week or two of pay for developers.
This includes flights, lodging, and food for remote employees. That adds up fast.
This is just Twitter ragebait.
- Hamuko 9mo ago>"General and administrative expenses were up 14% year over year on a GAAP basis, driven in part by an in-person company event. Excluding this expense, general and administrative expenses remained roughly flat year over year in the third quarter."
- Aurornis 9mo ago> roughly I did the other math assuming it was 100% for the in-person event anyway.