this post was submitted on 21 Mar 2024
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[–] [email protected] 21 points 9 months ago (1 children)

Who the fuck made Tintin CEO of Reddit?

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[–] [email protected] 20 points 9 months ago* (last edited 9 months ago) (1 children)

Someone tell those Reddit mods they could earn double on Lemmy.

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[–] [email protected] 20 points 9 months ago

That douche can go fuck himself

[–] starman2112 18 points 9 months ago

If the company does well, I will do well

And if the company doesn't do well, he gets to fuck off and retire on more money than ten people can reasonably spend in a lifetime

[–] gravitas_deficiency 16 points 9 months ago

Spez is such a fuckin tool

[–] [email protected] 15 points 9 months ago

Christ, what an asshole.

[–] [email protected] 15 points 9 months ago (1 children)

Why does he need to?

He's made thousands of people work for him for free and contribute data for him to sell for free. By most business definitions he's a legend that all other ceos wish they could copy.

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[–] [email protected] 15 points 9 months ago* (last edited 9 months ago)

It's fucking hilarious how subs still have pinned "we're open under protest".

But anyway, I think now that his wage is out and soon enough we'll learn about the hundred of millions he has in stock, at least some mods will have had enough and leave.

[–] [email protected] 14 points 9 months ago (1 children)

Capitalism – in it's current form, a system where some exploit others in order to make profit.

[–] [email protected] 12 points 9 months ago (8 children)

I think you mean where rich people rigging the system exploit people who have to follow the rules.

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[–] nyahlathotep 13 points 9 months ago (1 children)

Yeah, the mods are the landed gentry

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[–] [email protected] 13 points 9 months ago

This is the best summary I could come up with:


Much-hated Reddit founder and CEO Steve Huffman gifted himself a stunning $193 million compensation package — while unpaid moderators on the platform have yet to see a single dollar, as Variety reports.

During a recent Q&A video posted to the subreddit named after the company's brand new New York stock exchange ticker RDDT, Huffman argued that he was totally justified in paying himself more than the CEOs of Meta, Pinterest and Snap combined.

"When your entire business model is one prick taking nearly everything," one user wrote in a discussion about the IPO on the subreddit r/wallstreetbets last month.

Not long after, Huffman accused moderators — volunteer power users who have historically kept many communities from melting down into a toxic cesspool — of being "landed gentry."

Instead of focusing on its users and the value of self-governance by volunteers, Reddit has agreed to hand over content they've generated to Google to train its AI models, in efforts that are now being investigated by the Federal Trade Commission.

One top-voted post claims Reddit's IPO is a "pump and dump" scheme, accusing the company of fraudulently inflating the value of its stock before cashing out.


The original article contains 621 words, the summary contains 193 words. Saved 69%. I'm a bot and I'm open source!

[–] [email protected] 12 points 9 months ago

Fuck Spez. I left Reddit and I’m here now and happier for it.

[–] [email protected] 12 points 9 months ago (18 children)

FYI Spez is a pedophile piss-boy.

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[–] [email protected] 11 points 9 months ago (4 children)

The problem were the mods who didn't know any better. Spez hid his intentions very well, and made all the mods look like fools working for free

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[–] [email protected] 11 points 9 months ago

He will continue unless he ran out of free labour force.

[–] [email protected] 11 points 9 months ago (1 children)

The Reddit mods and Spez deserve each other. Fuck em, I'm enjoying watching it all burn.

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