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.

  • gloss@discuss.tchncs.deEnglish
    1231·
    1 year ago

    Spez is an idiot who sold reddit to Conde Nast for peanuts, failed in very other start up he tried, and then came crawling back. And they somehow made him CEO. And he is overpaying himself by $193 million a year. Reddit deserves whatever happens to them.

    • Echo Dot@feddit.ukEnglish
      28·
      1 year ago

      I don’t get what as CEO he even actually does. When was the last time Reddit had any major update?

      • force@lemmy.worldEnglish
        8·
        1 year ago

        The CEO just influences PR decisions and says stupid stuff online, they don’t actually do anything for the company

      • ours@lemmy.worldEnglish
        271·
        1 year ago

        Try this: Reddit users are getting emails and messages inviting them to the IPO at “the same price as institutions”. Imagine buying Reddit stock!

        Gotta pay that 200 mil a year to the CEO somehow.