Fuck spez

I genuinely don't understand how we, as a society, reached a point where delusional businessmen like this exist. What can he possible do, to justify earning this much money, while his company is literally failing in real time

The best thing about his deeply fuckheaded comments is that it's a perfect example of the sick way the ultra wealthy operate, presented in a way reddit users can absolutely understand.

The act of building early reddit was a group effort. I have no idea how much Spez contributed to the concept, but he did code it -- a task that realistically millions of people also would have been able to do.

But a platform without users is nothing. It was the users creating content that truly built reddit and the unpaid moderators who stopped it collapsing under the weight of spam and extremism.

While that was happening, spez shit the bed over and over again. He sold out too early. He openly advocated platforming extremists. He got called out for the bigotry he tolerated in his company. He alienated his most important users so he could sell their content to AI companies.

And now here we are. He makes an absurd amount of money, despite being shit at his job, despite being a clearly bad person and despite his accomplishments being ordinary. Meanwhile, the people he needs, who are critical to his business, are paid nothing.

This is the same setup as Amazon, Walmart, Uber and a million other businesses, distilled down to its very essence.

The mods who stayed after the API desaster are lost.

I think he's the real reason the punchablefaces subreddit got neutered, because he's sure got one.

Don't worry, friends. As a mod of Ten Forward, Star Trek and Lemmy Shitpost, I would never expect a salary.

I do accept bribes.

In 2017, there were 74,260 moderators of active subreddits on the site.. We can only assume that number has gone up over time.

If they were to pay each of those moderators $50 a week, or $2600 a year (which is probably generous for the kind of work they've already been doing for free), it would almost exactly match the amount of Spez's pay package ($193 mil). And they actually keep the site RUNNING. Spez is literally just a leech.

During a recent Q&A video, Huffman argued that he was totally justified in paying himself more than the CEOs of Meta, Pinterest and Snap combined.

"If the company does well, I will do well," he said. "If the company does not do well, I don’t either."

Motherfucker is saying NOTHING. Generic ass, MEANINGLESS STATEMENT

He gifted himself a ludicrous $193 million compensation package.

Reddit, a 20-year-old company, has yet to turn a profit. In 2023, the platform lost a whopping $90.8 million.

Can someone explain to me how reddit can make a loss, while he pays himself MORE than the loss? Does that not mean that reddit would have made a 113 Million profit before his $193 million compensation package? What kind of business-algebra-gymnastics is at work here?

At the end of the day, the reddit mods had all the opportunities to once again, protest their working conditions and leave reddit today. But I see no evidence that an organized effort took place.

It's unfair, and spez isn't thinking any further than the moment he can sell his comp and move on. But they have all the stakes in this matter and nothing is happening. I know there are efforts on reddit's part to squelch the moderators, but at some point they have to make clear this isn't going to work the way it is.

Tax these mother fuckers. He probably paid next to no tax on that wage. Instead he should have paid 70% in taxes at least

The CEO of the company I work at proudly tells us that his compensation is mostly stock, so if we’re not doing well as a company, he will not get paid.

He thinks this will sound like he’s got skin in the game and is making some kind of sacrifice.

What it actually tells me is that he is aligned to shareholders, not customers or staff. And that he cares about the stock price, which is not at all the same things as whether we are doing well as a company.

Tim Cook makes 1/3 of that and Apple is worth about 2-300 times what reddit is.

https://appleworld.today/ceo-tim-cook-takes-a-pay-cut-in-apples-latest-fiscal-year/

https://www.reuters.com/technology/global-markets-apple-2023-07-03/

Yeah. You'd have to be an idiot to work for that guy for free at this point, unfortunately.

If only there were an alternative platform to Reddit that we could use instead.

You gotta be dumb as fuck to work for free at a profit company

How are mods landed gentry? I spent my time as a Reddit mod with Nazis trying to dox me and threaten me, before Reddit banned me for making fun of Nazis.

The moderator culture in America and probably abroad relies on unemployed people living in their relatives house who get paid nothing but lame perks here and there. That is the bulk of it.

Some people moderate 5+ chat rooms daily without pay.

They are digital slaves. Make no mistake about it. And they somehow have been conditioned to believe it will pay off when it rarely does.

Spez is a shitbag who never did anything but be in the same room with actual important people.

Hopefully EU and US regulators will stomp that site to the ground as selling user generated data for AI companies sounds like something most people on Reddit did not sign in to.

Since he took back over, Spez has been making reddit an objectively worse experience. Doesn’t deserve that pay.

Nobody's making them be mods. I'm not pro reddit at all, but a tool is a tool, do what you want with it.

Mods should stop working as mods. But they don't. 193 million maybe sounds fair for a person able to convince people to volunteer to free, and not quit despite this being obvious.

I've said it before and I'll say it again (not on Reddit): Fuck Spez.

Controversial take, I don't think mods need to be paid. You don't have to be a mod, you're actively choosing to be a moderator. If you aren't getting paid for your work and dislike that, then don't do it. There's always going to be someone willing to do it for free, like a hobby.

Reddit founder and CEO Steve Huffman gifted himself a stunning $193 million compensation package — while mods get nothing.

Reddit CEO: Suck it plebs.

Probably.

Let's hope wallstreetbets crashes and burns the damn hurensohn's "IPO".

Who the fuck made Tintin CEO of Reddit?