The mod situation on Reddit is weird. There is a very small handful of subs where paying mods makes sense, and then a gigantic swath of them where it really doesn’t.
He is absurdly, almost comically overpaid though. To the point that I almost consider it’s an intentional choice aligning with going public so they can say “hey! Look at how big we are! Our CEO makes as much as Facebooks!” Or whatever
His dumbass reply defending himself is that if the company does well then he does well. Essentially stock based CEO compensation. Fucktard addresses it the same way he addressed the API changes, by attempting to divert attention from the egregious amount onto explaining the concept in its simplest form separate from himself.
He makes $300k/yr in cash and the rest is stonks. Is he comically overpaid? For a CEO of a gigantic social media corporation that he took to IPO?
I fuckin hate spez and I think “billionaire” is a concept that should not exist.
… but what portion of his 300k should volunteer mods get? Should they get stocks? Are they contractors? FTEs? Plenty to be outraged about other than community moderators who volunteer their time for free willingly imo
Yeah I agree… but that isnt reddit’s model at all. It would take a massive restructuring and let’s be honest, it would not work.
Also those are unrealized gains which he can choose to cash out if he doesn’t shit up the stonk price. Can’t put monopoly money in an employee’s pocket and call it a salary (per the mods being paid)
The mod situation on Reddit is weird. There is a very small handful of subs where paying mods makes sense, and then a gigantic swath of them where it really doesn’t.
He is absurdly, almost comically overpaid though. To the point that I almost consider it’s an intentional choice aligning with going public so they can say “hey! Look at how big we are! Our CEO makes as much as Facebooks!” Or whatever
His dumbass reply defending himself is that if the company does well then he does well. Essentially stock based CEO compensation. Fucktard addresses it the same way he addressed the API changes, by attempting to divert attention from the egregious amount onto explaining the concept in its simplest form separate from himself.
He makes $300k/yr in cash and the rest is stonks. Is he comically overpaid? For a CEO of a gigantic social media corporation that he took to IPO?
I fuckin hate spez and I think “billionaire” is a concept that should not exist.
… but what portion of his 300k should volunteer mods get? Should they get stocks? Are they contractors? FTEs? Plenty to be outraged about other than community moderators who volunteer their time for free willingly imo
Perhaps they could get a share of the stonk that covers the other 179.7 million of his remuneration?
Yeah I agree… but that isnt reddit’s model at all. It would take a massive restructuring and let’s be honest, it would not work.
Also those are unrealized gains which he can choose to cash out if he doesn’t shit up the stonk price. Can’t put monopoly money in an employee’s pocket and call it a salary (per the mods being paid)