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.
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.
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.
Spez is a goddamn pissbaby
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.
Ypu only reach wealth by standing on others.
Society rewards people for making bad choices and doing bad things and many still pretend the system “works”
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. 👌
Enshitification.