• BranBucket@lemmy.world
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    9 days ago

    I gotta unpack this a little…

    Reddit’s main source of revenue is advertising. Other companies pay Reddit to shove ads in your face. You probably buy products from at least some of those companies, and while market forces and consumer perceptions have large influence, operating costs are still a factor in setting those prices. Just like everyone else, Reddit sets the prices of its advertising services based in part on its operating costs, which includes Spez’s salary.

    Even if you avoid Reddit, things you buy are more expensive because this fucking toolshed gets paid $193 million a year just to be a sociopathic jackoff with a popular website.

    I quit Reddit years ago, but I’m still fucking pissed about this shit and I have every right to be.

  • goodboyjojo@lemmy.world
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    8 days ago

    reddit these days is very different. i remember people were buying each other reddit gold back in the day to pay for the site so it wouldn’t have to bend to advertisers and their rules. now reddit is big business

  • SocialMediaRefugee@lemmy.world
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    9 days ago

    No one deserves that much no matter what they’ve done. To squeeze that much out of the company requires taking away from employees, the company as a whole and advertisers.

    • AxExRx@lemmy.world
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      8 days ago

      According to a google search, reddit has 2,233 employees. Meaning his bonus is ~$86.5k per employee.

      Whenever I see these giant C suite bonuses announced, it seems hard to imagine why every single staff member doesnt demand a massive raise, and they all strike till they get it. After all, the company has just proven they have the massive piles of extra cash and can afford it.

      • Sprawl@lemmy.world
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        8 days ago

        Because it takes organization to get everyone to strike, especially when a majority of Americans live paycheck to paycheck. This is why corporations are also very anti-union. It’s how that organization happens. It’s how we got a 5-day work week!

  • THE_GR8_MIKE@lemmy.world
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    9 days ago

    I did my part by spoofing their API and using RIF right up until I got banned for saying nazis deserve to be dead.

    Hit too close to home for the admins with that one.

    • Duamerthrax@lemmy.world
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      9 days ago

      I didn’t get banned, but I remember once teaching people how to fuck with tire valve stems discreetly to fuck with cops and bad parkers and getting a ton of downvotes. That same advice just got a ton of upvotes here. It’s better here.

  • ChunkMcHorkle@lemmy.world
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    9 days ago

    The date on this article is March 19, 2024. I don’t mind, really every day Spez is discomfited is a good day, just something to be aware of. I thought it was odd when they were mentioning the IPO filing as being the source of the information, and that’s when I looked for the date.