Steve Huffman, CEO von Reddit, verteidigt seine Entschädigung in Höhe von 193 Millionen US-Dollar nach Gegenreaktionen unbezahlter Moderatoren

https://fortune.com/2024/03/19/reddit-ceo-steve-huffman-defends-193-million-compensation-following-backlash-unpaid-moderators/

27 Comments

  1. enderandrew42 on

    /u/Spez was paid $193 million last year out of Reddit’s $802 million dollar revenue. Reddit lost $140 million while paying him that much. When looking at their top 2 execs, Reddit paid $317 million of their revenue to 2 people while losing money.

    Meanwhile, Tim Cook made $100 million last year for the CEO of the largest corporation in the world (who is massively profitable).

    Spez basically made 919 times more than Tim Cook when comparing salary to company revenue.

    Does anyone think Spez is 919 times the leader that Tim Cook is?

    So who is buying into the IPO?

  2. Nvidia CEO received 21 million. The CEO of a trillion dollar company is making 170 million less that Huffman.

  3. RandomLazyBum on

    And you all complaining will be logging into reddit tomorrow and confused why he’s being paid.

  4. _dark_beaver on

    As the great American philosopher Nelson Muntz said, “Ha Ha!”

  5. SerialBitBanger on

    Just a thought experiment…

    What would happen if someone were to write a script that edits every comment that you’ve ever made. All it would do is take the content, have a generative AI “simplify” it, and repeat a few times.

    Kinda feels like this would poison the training corpus well. Using AI generated data as a corpus for a subsequent training run can lead to the computer equivalent of massive inbreeding or colony collapse.

    Just food for thought.

  6. KilldozerKevin on

    The mods do what they do for the pathetic small sense of power they get. They should be paying Reddit, since without it, their sad lives would be meaningless.

  7. ICumCoffee on

    > “If the company does well, I will do well,” the CEO added. “If the company does not do well, I don’t either.”

    That’s not what happened here, Steve?? Reddit lost like $150m last year and you made more than the company lost.

  8. SelectivePreference on

    Did the unpaid interns seriously think Reddit was going to cut them a check?

    They got paid with power over strangers. Something they likely don’t have in life.

    Nobody is going to pay you. Get a job.

  9. Could Huffman not use $1 out of that $193 million to pay for that Fortune paywall?!

  10. Miserable_Ride666 on

    $98 million stock award is a lot of money that could have gone elsewhere, the rest of his comp is a normal amount of cash then the rest is options.

  11. Salvashunned on

    This is the modern playbook. Never give in and admit you are wrong when suspicion is raised on your ethics and greed.

    It’s like that Principal Skinner meme

  12. It’s fucking absurd. And they lost money. WTF do they spend all that money on when everyone is working for free?

  13. couldnt pay to see the rest of the article, since that bitch didnt pay me, what does it say ?

  14. ForsakenRacism on

    Bruh no one is making you mod 💀. Are you gonna unionize with the Facebook group people? If you don’t enjoy doing it then don’t do it.

  15. ChoddedNLoaded on

    Holy fucken shit why do they complain about money multi millioairs already , also how badly ran is twitter and 4 Chan and YouTube that they “dont make any money “

  16. bravoredditbravo on

    This native app sucks. I miss Reddit is fun. I kind of hate this app lately honestly. It seems like it’s on the brink of some sort of big change.

  17. Any moderator who’d do the job for pay you couldn’t afford, and anyone who’d do the job for free you wouldn’t want moderating. It’s a lose/lose.

  18. AloneChapter on

    I worked many many minutes and if Elon worth 39 billion . I value me … you not so much. Just saying me boss you replaceable

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