Sure, spez, tell us again how reddit’s just never managed to make a profit …
Reddit threw together a short deal with Google on pimping out all its users’ data for crumbs a year, and now they’re rolling the dice on the IPO.
The saddest part is that they’ll win and make bank, because at that level failure is rewarded. Make every mistake you can possibly make and still get your golden parachute. Everything would have been better without you, but you get to reap the rewards as a robber baron.
Fuck you, Spez, moderator of r/jailbait
That really is interesting - all this talk about “Reddit is not profitable, we need to monetize in order to continue business, we need to layoff people” and now we’re learning that it is just some greedy assholes stuffing their own pockets
Guys… in the SEC article, it breaks it down. He was paid a little under $400k
The rest is all in stock and options grants. It’s not real money yet. It’s not money that could have been spent on things or profits that could have been realized.
If the stock tanks like Lemmy users believe it will, it’ll be considerably lower compensation. This is typical for a CEO and not scumbaggy on its own. You typically want the CEOs compensation to be heavily impacted by company performance. This is how that’s achieved.
Yeah of course, although it should be noted that 400k still puts you in the very upper echolons of income, into what most people would square consider “rich” territory.
Oh yeah, he’s compensated well, no doubt, but his pay isn’t what keeps the company from being profitable is all I’m saying.
It’s not too late to short the stock
