Nineteen years since its founding, the social media site is finally going public.

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.

  • ikapoz@sh.itjust.worksEnglish
    524·
    9 months ago

    So… the asshole who used reddits “unprofitability” as a fig leaf for hamstringing their user base with a garbage API policy just so happens to be the same guy that got paid 25% of the entire company revenue for the last year?

    What a Fucking chode.

      • EdibleFriend@lemmy.worldEnglish
        952·
        9 months ago

        Who’s bullshit earned him more money then either of us, put together, could ever hope to make in our entire lives.

        In. One. Year.

        • BassTurd@lemmy.worldEnglish
          27·
          9 months ago

          I’m in a comfortable position in my life right now, so I’m fortunate. That said I don’t know if I would sell myself out for that money. The money would be no good after I off’d myself from the guilt of being such a piece of shit. I’d probably be awesome for a while, but I’d either turn into the unempathetic monsters I hate, or it would catch up to me. Not worth it.

          Really I’d probably take it… I’m human.

          • rottingleaf@lemmy.zipEnglish
            5·
            9 months ago

            I’m afraid of the fact I may, but most likely not. What would I do with it? My problems with the few main things in life are not about money. Even in the moment of such a hard decision I’d likely just not take it out of fear for what’ll happen with my head.

    • Avid Amoeba@lemmy.caEnglish
      43·
      9 months ago

      Standard, capitalist, non-unionized corporation. The exec layer and the major shareholders decide what to do with the revenue. Unsurprisingly they often decide to take as much as possible. Customers, users, employees have no leverage in the matter. Works as intended. 👌