70mil sounds like a lot, but to put it in context that's Facebook's monthly wage bill. Obviously all those FB people are not just designing new front ends and I would be curious how a company which is effectively little more than a website manages to employ over 20,000 employees! What are they doing that Steemit isn't doing, not an awful lot. Also suspect I Steemit will want to keep some of that war chest for other growth leverage like marketing etc