We live under corporate feudalism
$804M in revenue… $286M to CEO and COO pay alone… so just two officers are worth 35% of the company’s annual revenue? Not profit, because it isn’t profitable, but just base revenue. Not even Elon Musk is paid that high a percentage of revenue.
Even ignoring the fact reddit doesn’t pay anyone for moderation, and all their other reliance on community freebies… That’s insane.
And they want to go public with that info? They believe that’s a financially sound position to be in heading into an IPO? Spez is even more stupid than I thought.
I haven’t been on Reddit since the API mess. How are most users reacting to this news? I would assume either not happy, but ultimately don’t care or ignorant completely.
It is and has been a mainstream site for a while now. It’s followed the same trajectory as Facebook. The typical user only cares about the topics that interest them. They have zero interest in what’s happening in the background and are fully accustomed to being blasted in the face with ads 24/7.
Recommend reading some of the comments:
What’s he gonna do with 193 million, trickle down economics? -_-
Removed by mod
Fuck you, Spez
Delusional. Feudalism. Reddit 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
