$804M in revenue… $286M to CEO and COO pay alone… so just two officers are worth 35% of the company’s annual revenue? Not profit, because it isn’t profitable, but just base revenue. Not even Elon Musk is paid that high a percentage of revenue.
Even ignoring the fact reddit doesn’t pay anyone for moderation, and all their other reliance on community freebies… That’s insane.
And they want to go public with that info? They believe that’s a financially sound position to be in heading into an IPO? Spez is even more stupid than I thought.
$804M in revenue… $286M to CEO and COO pay alone… so just two officers are worth 35% of the company’s annual revenue? Not profit, because it isn’t profitable, but just base revenue. Not even Elon Musk is paid that high a percentage of revenue.
Even ignoring the fact reddit doesn’t pay anyone for moderation, and all their other reliance on community freebies… That’s insane.
And they want to go public with that info? They believe that’s a financially sound position to be in heading into an IPO? Spez is even more stupid than I thought.
It’s impossible to underestimate Spez’s intelligence.