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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"..

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-business-plan/index.html https://www.cnn.com/2024/02/23/tech/reddit-ipo-filing-busine...

deleted 3y ago
[deleted]
giantg2 3y 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.
- JumpCrisscross 3y 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.
consp 3y 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.
- JumpCrisscross 3y 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.
  - westhanover 3y ago
    [dead]