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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] 134 points 8 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.

[–] [email protected] 30 points 8 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?

[–] [email protected] 48 points 8 months ago (4 children)

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