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"None of the people that spent hours of their lives lovingly contributing to Subreddits, or performing the vital-but-thankless role of moderation, will make a p
by harkinian 3y ago
"None of the people that spent hours of their lives lovingly contributing to Subreddits, or performing the vital-but-thankless role of moderation, will make a profit off of Reddit's public listing"
So? It's not a paid job, nobody said it was. You don't even own your Reddit posts. If you want something in return for your time spent, don't agree to terms you disagree with. Plenty of moderators are just doing it for the sake of it.
- Thrymr 3y agoAs linked in another thread on this story, Sam Altman said this almost 10 years ago when investing in reddit [0]: > First, it’s always bothered me that users create so much of the value of sites like reddit but don’t own any of it. So, the Series B Investors are giving 10% of our shares in this round to the people in the reddit community, and I hope we increase community ownership over time. We have some creative thoughts about the mechanics of this, but it’ll take us awhile to sort through all the issues. If it works as we hope, it’s going to be really cool and hopefully a new way to think about community ownership. How is that "new way to think about community ownership" going for the reddit contributors? [0] https://blog.samaltman.com/reddit https://blog.samaltman.com/reddit
- harkinian 3y agoTo answer your question, no it hasn't panned out. Reddit users aren't generally paid for their posts, nor was there any promise that they would be, even from Altman. Is the implication that some people got their hopes up from one investor's opinion on this?