Reddit literally shilling their own stonks to users in direct message, reveals that CEO gets paid $193 million last year
Reddit literally shilling their own stonks to users in direct message, reveals that CEO gets paid $193 million last year
Sounds like a hell of a lot of money for a CEO who kept insisting that he had to kill 3rd party apps because Reddit still isn't profitable.
123ReplyIPO = exit liquidity
77ReplyShould have picked Harassment. Selecting Spam does nothing.
52ReplySpez truly got that little dick energy going on
39ReplyThey lost 93 million on 2023, and paid the CEO more than double that.
Nope - can't think of a single thing they could do to make reddit profitable.
24ReplyHonestly, I'm kinda looking forward to the IPO - because it might be the last enshittification straw that breaks the camel's neck that will finally drown reddit for what it has become.
24ReplyHe wasn't paid that amount. He got 341,000 in cash and the rest was in stocks and options (which will only be worth that much if the company performs well financially). This us place is just like Reddit, nobody ever reads the article.
24ReplySo why does your CEO get paid quarter of a billion a year if they had to hike their APIs unreasonably and kill all 3rd party apps because "reddit wasn't profitable" despite not paying a dime to the mods running their website niether to contribitors, posters nor users ?!?! Reddit is scummier than Uber
21ReplySeems to me the institutional investors aren't interested at the price they're asking.
20ReplyWhile cutting off reddit apps that are better than the bloated shitshow that is the reddit app
19ReplyHope the IPO is a fucking disaster and Hufflepig goes bankrupt
19ReplyWhat's next? Reddit Coin? NFTs?
14ReplyShould have marked self harm/suicide
12ReplyMost of that money is in stock, so he's doing this to further inflate his stock value
11ReplyThe loss porn will be great material for WallsStreetBets
10ReplyThis is such an amazing grift. I can't wait until more social media firms start trying to direct-market their stock to their user base.
9ReplyThat little "tldr" at the beginning of that text wall makes me feel gross
8ReplyHow do I buy puts on this?
6ReplySo my 16 year account with 90k legit comment karma wasnt good enough to be invited?
Now I dont get to early participate in the fomo panic IPO being forced by investors?
I could've made or lost tens of dollars.
5Replytldr: this will let you save money while you lose money
5ReplyIronic that reddit goes the way of digg.
2ReplySo 193 of the 203 millions is for the CEO...
2ReplyYep. Did the same.
1ReplyAnd they don't even let you report it as the spam it is.
0ReplyI was in the first round of invites.
I might buy some depending on initial price. May as well milk them a bit like they're doing to their users.
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