this post was submitted on 23 Feb 2024
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Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year::Nineteen years since its founding, the social media site is finally going public.

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[–] gloss@discuss.tchncs.de 134 points 9 months ago (12 children)

Spez is an idiot who sold reddit to Conde Nast for peanuts, failed in very other start up he tried, and then came crawling back. And they somehow made him CEO. And he is overpaying himself by $193 million a year. Reddit deserves whatever happens to them.

[–] echodot@feddit.uk 30 points 9 months ago (6 children)

I don't get what as CEO he even actually does. When was the last time Reddit had any major update?

[–] Strawberry@lemmy.blahaj.zone 48 points 9 months ago (2 children)

well there was the update that removed the open api, and the update that made half the site require using the app

[–] ahal@lemmy.ca 17 points 9 months ago (1 children)

Don't forget the update to the privacy policy so they can sell more of your data

[–] SomethingBurger@jlai.lu 10 points 9 months ago (1 children)

Also the one time when spez updated someone's comment directly in the database.

[–] Dlayknee@lemmy.world 5 points 9 months ago

Pretty sure that was more than one time

[–] SSUPII@sopuli.xyz 10 points 9 months ago

And they removed awards replacing them with super upvotes

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