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 (www.thedailybeast.com)
submitted 8 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 524 points 8 months ago (4 children)

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.

[–] [email protected] 173 points 8 months ago (1 children)

Spez is a goddamn pissbaby

[–] [email protected] 92 points 8 months ago (3 children)

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.

[–] [email protected] 48 points 8 months ago

Ypu only reach wealth by standing on others.

[–] [email protected] 27 points 8 months ago* (last edited 8 months ago) (1 children)

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.

[–] [email protected] 5 points 8 months ago* (last edited 8 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.

[–] [email protected] 17 points 8 months ago

Society rewards people for making bad choices and doing bad things and many still pretend the system "works"

[–] [email protected] 43 points 8 months ago* (last edited 8 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. 👌

[–] [email protected] 39 points 8 months ago

Enshitification.

[–] [email protected] 5 points 8 months ago

Greedy motherfucker.