4 ms·
> I don't think he is that inapt, and that his board is stupid to let him in charge despite such a failure, profitability was just never the goal. Just fyi, re
by vxNsr 3y ago
> I don't think he is that inapt, and that his board is stupid to let him in charge despite such a failure, profitability was just never the goal.
Just fyi, reddit rose around the same time as Facebook so it’s likely they share a similar governance model, where founders control an outsized part of the board/voting shares. Since Uber and wework semi-imploded investors are less forgiving of that sort of thing but legacy companies like Reddit likely still are run that way.
- littlestymaar 3y agoSpez sold his shares in 2006 before joining back as a CEO in 2015. He probably has equity as the CEO, but not as many as a regular founder and as such he should have much less power and control over the company than Zuck.