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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b... (www.npr.org)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b...::undefined

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[-] Lauchs@lemmy.world 1 points 10 months ago

This might help you understand the issue with reddit, which apparently has yet to ever cover its operating costs within a year:

https://www.forbes.com/sites/eriksherman/2024/02/26/reddits-ipo-filing-shows-lots-of-losses-after-nearly-20-years/

Kind of eye opening, even if you vaguely understood the situation beforehand.

this post was submitted on 23 Feb 2024
969 points (97.4% liked)

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