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by TheAdamist 820 days ago
The CEO is paid $193M, this has nothing to do with any profit reddit makes.

Which, they have never made a profit, "Now, Reddit — which is not yet profitable"......"Reddit reported a net loss of $90.8 million in 2023, a narrower loss than the $158.6 million loss it netted in 2022." https://www.cnn.com/2024/02/23/tech/reddit-ipo-filing-busine...
2 comments
giantg2 820 days ago
Pretty wild that a CEO can make that sort of money while running an unprofitable business. I can't imagine thinking so much of myself that I would value myself at 100s of millions. I wonder if there's some sort of pathology behind it.
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JumpCrisscross 820 days ago
> wonder if there's some sort of pathology behind it

That of taking a company public.

I get where you’re coming from. But Reddit, given its heritage of leadership, is a weird hill to take a stand on.

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consp 820 days ago
> "Reddit reported a net loss of $90.8 million in 2023, a narrower loss than the $158.6 million loss it netted in 2022."

I know it's naive but cutting the CEO's (and rest of C suite) salary to normal employee levels would fix that loss down to 0.

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JumpCrisscross 820 days ago
> cutting the CEO's (and rest of C suite) salary to normal employee levels would fix that loss down to 0

Now do it with cash flow.

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