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this post was submitted on 24 Feb 2024
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Technology
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https://www.reddit.com/r/technology/comments/1axll4s/reddit_files_to_go_public_reveals_that_it_paid/
Spez got paid, according to that, $193,000,000 last year as CEO.
reddit "never turned a profit".
I can't imagine the corruption/anti-integrity required to reconcile those 2 facts.
How come he isn't in jail, for fraud??
The article in the reddit post you shared is misleading. According to the S1 filed with the SEC, spez’s current base pay is $450,000; in 2023 he got roughly $792,000 in performance-based bonuses. The rest of that 193 million is options.
And with any luck those options will be worth fuck all after the IPO flops