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Reddit CEO Defends His Absurdly High Pay While Not Paying Mods (futurism.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 20 points 7 months ago* (last edited 7 months ago) (1 children)

The mods just have to find a new platform that appreciates them. That's why I left reddit, I'm giving them free content and a bunch of Spez's are getting rich off our work.

Then they have the audacity to take away what little we actually had, like the API access. Reddit sucks and the death spiral has begun.

As a final act they will get a bunch of redditors to buy in to their IPO only to see the prices come crashing down while they all hold the bags, and the hedgies get even more of our money. It's a rigged game we cannot win.

[–] [email protected] 2 points 7 months ago

Well we win by not paying into the IPO. If no one buys into it it won't be worth very much and then they won't have huge amounts of cash.