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.

  • @[email protected]English
    134•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 DotEnglish
      30•1 year ago

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

      • @[email protected]English
        48•1 year ago

        well there was the update that removed the open api, and the update that made half the site require using the app

            • @DlaykneeEnglish
              5•1 year ago

              Pretty sure that was more than one time

        • SSUPIIEnglish
          10•1 year ago

          And they removed awards replacing them with super upvotes

      • @forceEnglish
        8•1 year ago

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

      • @oursEnglish
        27•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.

    • @bitwabaEnglish
      15•1 year ago

      Reddit deserves whatever happens to them.

      Unless it’s good.

      • @ripcordEnglish
        5•1 year ago

        Like an IPO where they make an absolute shitton?