I'm always amazed when I see hundreds of millions being spent on a simple app. I feel like 50M/year could pay for SO MUCH dev time, like how could you even spend that much money that fast? Hire 200 developers and 50 managers, all full time?

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47 mil just to pay ceo every year?

Nah. Infrastructure and support staff.

Most of the money doesn't go to developers.

"Cost of revenue" is often just datacenters, electricity bills, and office buildings.