Tbh he should get the money if he somehow convinced all those mods to work for free
this post was submitted on 21 Mar 2024
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Wall Street investors gave him the money. Him knowing that they would be dumb enough to give it to him is the reason he got it. Which is a weird way of “earning” money but it kind of is.
Despite our feelings on the company, Wall Street ate that shit up, thus his equity package is worth all that money. Why did Wall Street like Reddit stock so much? I sure don’t fucking know, which is why I never thought to ask them for hundreds of millions of dollars for a company that loses money hand over fist.
"The intent is to provide mods with a sense of pride and accomplishment for unlocking different mod capabilities."
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Instead of focusing on its users and the value of self-governance by volunteers, Reddit has agreed to hand over content they've generated to Google to train its AI models, in efforts that are now being investigated by the Federal Trade Commission.
Reddit users should now stop questioning themselves about who's more important than whom.
It's anybody's guess as to where Reddit's IPO will go. Its opening price at $34 a share is the top of the anticipated range, indicating that investors are excited. Following its debut, Reddit shares jumped as much as 70 percent, confirming this suspicion.
I must've not really looked, but this is quite the confirmation that Reddit finally pulled the trigger. The enshittification is due to come but we'll see it in time if it isn't here yet.
Reddit is dead. But is it truly spez's fault entirely? I reckon to margin that he is 90% of Reddit's problems. The other 10 is the users, because as we know, they complain more than do more.
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SurprisedPikachuFace.jpeg
Lmao look at his big stupid mouth what’s the meme he looks like now it escapes me
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I have no respect for Reddit mods
Just narcissistic idiots
Obviously that’s not about those who mod small subs
Reddit CEO is like. My family needs a 10-million dollar mansion and a 2 new Ferrari.