this post was submitted on 23 Feb 2024
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Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year (www.thedailybeast.com)
submitted 10 months ago by L4s to c/technology
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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.

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[–] Ghostalmedia 408 points 10 months ago (11 children)

Reddit gave more than 1/3rd of its revenue to 2 people, plus options. Holy fuck.

Apple doesn’t even pay it executives close to what Reddit is dishing out, even if you consider the stock they get.

Do NOT invest in this company. Now that we can see the books, it’s clear how poorly things are actually run.

[–] fidodo -5 points 10 months ago (5 children)

Looking it up, almost all of it is from stocks. Not sure how it works exactly, is that new stock he got or was it from his existing stock?

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