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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[–] notannpc@lemmy.world 165 points 9 months ago (2 children)

Remember when pigboy spez tried to say that the API pricing was, at least partially, because reddit still wasn’t turning a profit?

I wonder if paying some fucking moron who brings effectively no value to the company $193 million has anything to do with it…

[–] n3m37h@lemmy.dbzer0.com 20 points 9 months ago

It was def the ~~unpaid~~ moderators, just look how many there are!

[–] RandomVideos@programming.dev 13 points 9 months ago (1 children)

Doesnt he bring negative value?

[–] circasurvivor@lemm.ee 16 points 9 months ago

Wow - really? Did you not read that he's the CEO?! They're the hardest working person in any company! They always deserve to be compensated more than every other freeloading employee combined!