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Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway(edition.cnn.com)

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ZeroCool@slrpnk.net
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Paragone@beehaw.org
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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??

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ZeroCool@slrpnk.netOP
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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.

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WastedJobe@feddit.de
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How did he get performance based bonuses when his company isn’t profitable?

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