5
Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year (www.thedailybeast.com)
submitted 7 months ago by Hypx@kbin.social to c/tech@kbin.social
4 comments fedilink hide all child comments

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

all 5 comments
sorted by: hot top controversial new old
[-] JelloBrains@kbin.social 4 points 7 months ago

You thought it was going downhill before, but now that it will need to answer to money men, who want profits at all costs, it's going to be sterilized eventually, piracy and porn are on borrowed time in my opinion.

$193mm for the Spez, this world sucks sometimes. I wonder how long the current Reddit admins stick around once the IPO goes live, I wouldn't be surprised if they cash out and run once their options go live.

[-] ursakhiin@beehaw.org 2 points 7 months ago

I think we just found out why they needed to charge for the API all of the sudden.

[-] snownyte@kbin.social 1 points 6 months ago

Or moderators.

Like, how discouraging must it be for them, to learn now that the CEO made $193 million while they do all of the work and maintaining for free?

But we'll figure out the shills though in time, the ones who'll stay. The ones who'll find it rewarding to be corrupt pieces of shit.

[-] ArugulaZ@kbin.social 1 points 7 months ago

They paid Lemur Boy $200 million dollars? Talk about failing upward. With that kind of money, it's no wonder he told Reddit users to fuck off. He'll never have to worry about criticism, or anything, ever.

this post was submitted on 23 Feb 2024
5 points (100.0% liked)

Technology

30 readers
1 users here now

This magazine is dedicated to discussions on the latest developments, trends, and innovations in the world of technology. Whether you are a tech enthusiast, a developer, or simply curious about the latest gadgets and software, this is the place for you. Here you can share your knowledge, ask questions, and engage in discussions on topics such as artificial intelligence, robotics, cloud computing, cybersecurity, and more. From the impact of technology on society to the ethical considerations of new technologies, this category covers a wide range of topics related to technology. Join the conversation and let's explore the ever-evolving world of technology together!

founded 1 year ago