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submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] avidamoeba@lemmy.ca 43 points 8 months ago* (last edited 8 months ago)

Standard, capitalist, non-unionized corporation. The exec layer and the major shareholders decide what to do with the revenue. Unsurprisingly they often decide to take as much as possible. Customers, users, employees have no leverage in the matter. Works as intended. ๐Ÿ‘Œ

this post was submitted on 23 Feb 2024
733 points (98.5% liked)

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