this post was submitted on 24 Feb 2024
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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.
How did he get performance based bonuses when his company isn't profitable?
Apparently that wasn't one of his MBOs, so we can infer the board is a bunch of dumbasses.