Reddit kind of anticipates this critique in its investor docs, and argues that it didn’t really start operating as a serious business until 2018 when it finally started “meaningful monetization efforts” — that is, trying to make money for real.

But that’s still six years ago. What has Reddit been doing since then?

One big, obvious answer: It has been hiring a lot of engineers and spending a lot of money on their salaries…

…What am I missing? I asked Reddit comms for comment but they declined, citing the company’s quiet period before the IPO.

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  • Serinus@lemmy.world
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    8 months ago

    Not quite. He’s paid mostly in stock, not cash.

    Still an absurd amount of cash for a single person in a single year. You can effectively own most people for $4,000,000 (40 years at $100k a year.)

    This guy is making half a million every single day. Imagine buying someone else’s life’s work every week.

    Or, optionally, he could buy a nice house every single day.

    Ultimately, cash is a measure of what society owes you.

    One person simply can not produce the amount of effort that should be required to earn that amount of debt from society.