this post was submitted on 24 Feb 2024
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Reddit

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Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway (edition.cnn.com)
submitted 1 year ago by ZeroCool@slrpnk.net to c/reddit@lemmy.ml
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[–] S_204@lemm.ee 17 points 1 year ago (2 children)

That motherfucker for 800k for THAT performance last year? I've never seen a blow up like he oversaw...how the fuck does that get you a bonus?

[–] ProtonBadger@kbin.social 6 points 1 year ago* (last edited 1 year ago)

There was no blowup, Reddit both received more funding and their advertising earnings increased. A 21% revenue growth in 2023, I'd say also active user growth but I'm not entirely sure.

[–] Omegamanthethird@lemmy.world 2 points 1 year ago

He's paid to be the face that everyone blames.