TIL the CEO of Reddit has been given a $193 million compensation package
https://fortune.com/2024/03/19/reddit-ceo-steve-huffman-defends-193-million-compensation-following-backlash-unpaid-moderators/Open linkView original on sh.itjust.works650
Comments115
Fuck Spez
https://xkcd.com/37/
I have sympathy for the moderators but not a lot. The should have unionised and demanded a salary a long time ago.
And I’ll add Lemmy/Piefed, actually the whole fediverse, should be run by co-operatives. I’m on Aussie.zone for nothing I add nothing to the instance I’m just a drain on resources. I should pay a yearly fee to be part of the community and should at the very least meta moderate. Like slashdot Uwe to do whereafter a period of time you got to review moderator choices and agree or disagree with the decision. Which based on criteria would the. Allow you to first person moderate.
In short:
On one hand, yes. On the other hand, the moment paying for Lemmy becomes commonplace, is the moment financial interests would ruin everything. A donation model makes more sense.
Co-op is just donation model with voting rights. Like a community non-profit organisation
Sure http://piefed.influercercancer.social/ could decide to have paid content but that’s their decision. Any other instance can de-federate from them as easily as they can a Nazi instance
You'd like lemmy.dbzer0.com (lemmy) or anarchist.nexus (piefed) then. Run by the same folks.
Not a co-op, but they've put in place systems for instance users to democratically vote on all big administrative changes, any user can start a "radical" vote to oust any mod or admin, and people who have donated to the running costs (even just once) get more vote. Enough that people invested get more weight, but they wouldn't be able to completely override the will of the rest of the userbase.
Politically anarchist, pro-piracy (head admin and creator is former head mod of reddit's r/piracy), accepting of AI (mostly pushing for local models, so corps aren't the only ones with power) but don't really have issues with anti-corp-AI views as long as you aren't being a dick to the pro-AI comms/users.
I like that, actually
There's a reason I donate to my instance. It's not a lot, but it's something that helps.
The little up down buttons are a form of user moderation.
Im personally a server admin on db0 and tbh I just sorta do it in my free time, I don't personally think it needs to be monitized. Some funding for server costs is fine but that's about it.
I have no sympathy for anybody still in the Reddit ecosystem at this point.
*phew* Well, good thing I don't need your sympathy. :D
Fact is, Reddit is still a hugely-useful place for me, so I have one foot still wedging that door open.
Yeah, mods who tried to do that kind of thing were simply replaced as I recall it, and their subs transferred to new mods. Reddit is pretty much down the capitalist hellhole at this point.
mods are free will slaves on reddit
But being allowed to be an asshole is priceless.
ICE Agents of the United Posts of Reddit
Yep, i got perma banned for bullshit. Tried to question it and was simply told the ban was upheld. Fuck reddit mods.
Every fucking time. Fuck those fucks. I've received fairer treatment from the playground bully.
No, they are propaganda artists searching for a way to promote the agenda.
I gotta unpack this a little...
Reddit's main source of revenue is advertising. Other companies pay Reddit to shove ads in your face. You probably buy products from at least some of those companies, and while market forces and consumer perceptions have large influence, operating costs are still a factor in setting those prices. Just like everyone else, Reddit sets the prices of its advertising services based in part on its operating costs, which includes Spez's salary.
Even if you avoid Reddit, things you buy are more expensive because this fucking toolshed gets paid $193 million a year just to be a sociopathic jackoff with a popular website.
I quit Reddit years ago, but I'm still fucking pissed about this shit and I have every right to be.
Just like auto insurance is more expensive than it should be because they advertise like mad.
Impressive
You're funny. You think Reddit is the only place these tools get paid. So many of these are from other sites as well. And they dish out money to all of them.
Nothing OP said indicated he thought Reddit was the only place that did that.
Not exactly sure what you missed or what your point is supposed to be.
The same would be true of any ad platform. I hate Facebook for all the ills it's caused society and it pisses me off that my breakfast cereal is slightly more expensive because of Zuckerberg's compensation package too.
But Facebook, et al. aren't being discussed here. Reddit is.
Even if I stay off the internet completely, a portion of the money I spend STILL goes in their pocket, and the only way to prevent it is to spend hours exhaustively researching every product I buy to find the one or two alternatives out of hundreds of others that don't feed into the system somehow. And even if product A doesn't buy ads on these platforms, the place I shop for it probably does. If I can't buy direct, as is the case with so many purchases, all that time and research are robbed of any real impact by the fact that my closest retail outlet spends millions on targeted Internet ads.
But it's not really about the money though, it's about where it's going.
In an alternate timeline, Spez, Zuck, and the rest are decent human beings with a functioning conscience and use their platforms for the common good. I don't mind those versions of them getting a piece of my alternate self's dollar. But I don't live in that universe.
So, because I'm stuck here, every single one of these modern-day Prometheus wannabe, god-complex, techbro shitheads can kiss my hairy ass.
Go fuck spez, spez fucker.
Dumbass
That doesn't make them wrong, it just proves the companies are even worse than was originally implied cause they do this same scumfuckery all over the place. Congratulations, you played yourself.
I'm pretty sure my point was that they were worse then this dude said. I didn't play myself, I just proved how many dumb fucks are in this site that don't know how to fucking read you fucking tool.
Bro chill. You don’t even really seem to be disagreeing. Have some water and lie down for a minute and come back after you’ve cooled off.
to be fair, theres still a lot of really good info on there, by the matter of sheer volume alone. i learned a lot about linux for instance, from reddit the last couple years. Sadly lemmy doesnt yet have the volume that would have been able to foster the same amount of learning for me. heres to hoping lemmy grows faster by the day :)
My big problem is that Lemmy lacks sizable niche communities right now. The big topics get foot traffic, but the small stuff struggles.
I have found on Lemmy that you simply need to ask the questions to get the answers you want. While the user count may not be as high as on reddit, people here are way more active, and most of the commenters I've seen (especially in the tech communities) seem wicked smart and know what they are talking about.
We don't have the massive backlog of posts with the same questions asked over and over again on every topic, but that doesn't mean the knowledge isn't here. Engage, make posts, ask questions! We'll get there.
thanks for the encouragement! so far what ive seen matches what youve said.
I know people hate ai, but honestly Linux questions especially the low hanging fruit is perfectly answered by chat gtp etc.
Part of the reason I switched was exactly because I didn't have to google 10 different forums and could just ask for the answers. And you can keep asking clarifying questions to get more detail.
A vocal minority in a specific set of bubbles hates AI. Large numbers of people just quietly use it.
...yes, large numbers of the dumbest people on the planet, combined with the ACTUALLY vocal minority of pro-AI self-hosters who get butthurt when you call AI problematic.
The population is widely, increasingly, becoming fed up with AI. I work in the actual world, and I speak with dozens of different people every day. Resoundingly sentiment is either unaware of AI or despises it.
no offense, but "i work in the actual world" comes off rudely dismissive, and possibly a bit narrow minded. like, how did saying that help support your argument at all, and why assume others dont exist irl?
Because if someone doesn't preface with the fact that they are referring to real, lived experiences and not twitter screenshots, then they are dismissed as being chronically online.
The stuff you said? That's how you read it and perceived it, but it's not what is said. And it's not my job when arguing with people about dumb internet shit to figure out and account for how an offhand refutal comment will come off.
I also don't care if I'm being rude or snide. If you feel belittled, then you are insecure. I'm just a random douchebag on lemmy whose direct opinion of you, you shouldn't care about. So if you feel belittled, it's your own fault. Block and move on.
hope you have a better day tomorrow.
Sure thing. ChatGPT is the top app on both iOS and Android for no reason. I'm sure people are just about to realise that LLMs only hallucinate and give you what you want to hear, and the world will be back to how it was.
Did you miss the "large numbers of the dumbest people on the planet" bit or are you just unable to actually parse what I'm saying and write a valid response? Are you using AI to write your dumbassery?
My alone?
Yes, yours alone
Everybody is a bot except you.
At least the bots proof read their posts.
You don't even try, do you?
Have a block, you insufferable trog.
Oof, the projection is strong with this one 🤭
What service do you think "your" on?
Boring troll.
No one deserves that much no matter what they've done. To squeeze that much out of the company requires taking away from employees, the company as a whole and advertisers.
According to a google search, reddit has 2,233 employees. Meaning his bonus is ~$86.5k per employee.
Whenever I see these giant C suite bonuses announced, it seems hard to imagine why every single staff member doesnt demand a massive raise, and they all strike till they get it. After all, the company has just proven they have the massive piles of extra cash and can afford it.
Because it takes organization to get everyone to strike, especially when a majority of Americans live paycheck to paycheck. This is why corporations are also very anti-union. It’s how that organization happens. It’s how we got a 5-day work week!
Obligatory FUCK SPEZ.
Came here to say this FUCK SPEZ
Lemmy.World is far batter than Reddit, I Love Lemmy
We should have absolute caps on incomes and wealth. In no fair world, would anyone be compensated with enough wealth to buy a fleet of mega yachts.
reddit these days is very different. i remember people were buying each other reddit gold back in the day to pay for the site so it wouldn't have to bend to advertisers and their rules. now reddit is big business
Stunning and brave to say this on Lemmy
Finally a nuanced perspective 😮💨
Really is the decade of pedophiles making huge paydays, isn’t it?
Spez sucks, but is there any proof of that? My understanding is that back then you could make anyone a moderator against their will, which someone did with r/Jailbait... 🤢
That was after he gave the head mod of the sub an award for the traffic it was bringing the site. Steve Huffman was explicitly aware of the jailbait sub before and after being made a moderator of it. He is best case scenario a pedophile sympathizer.
He owned the website. He controlled it completely. He wasn’t powerless to stop them from making him a mod (which he remained for a long time, even when people pointed it out publicly) and he wasn’t powerless to remove the literal child porn subreddit before it became a national news story.
I don’t know if he is personally. I do know they were handing out physical trophies to people who made communities that made them money, including people posting underage girls.
Oh, and also I got banned for saying we need harsher penalties for people who harm children. Probably bot flagged, but upheld in a review.
He may not be one, but Reddit generally stands with pedophiles, and opposes people who stand against them. And historically have done.
Always has been. They just can't hide it now, so they're out in the open
Openly.
Human trafficking has always been the big evil.
Pissbaby of reddit*
.
Username checks out.
greedy little pig-boy
Fuck Reddit and Fuck Spez.
Fuck Reddit and Fuck Spez
This is what people mean when they say profit is theft
I did my part by spoofing their API and using RIF right up until I got banned for saying nazis deserve to be dead.
Hit too close to home for the admins with that one.
I didn't get banned, but I remember once teaching people how to fuck with tire valve stems discreetly to fuck with cops and bad parkers and getting a ton of downvotes. That same advice just got a ton of upvotes here. It's better here.
What's your method? BB under the screw on cap?
BB or piece of gravel under the cap. Or placing a nail under the tire so it punctures when they pull away.
can of soup for their family under their windshield wiper alongside Engels' Origin of the Family.
The date on this article is March 19, 2024. I don't mind, really every day Spez is discomfited is a good day, just something to be aware of. I thought it was odd when they were mentioning the IPO filing as being the source of the information, and that's when I looked for the date.
Steve Huffman is a pedo sympathizer.
No no, he is a pedo. He used to run r/jailbait.
I know that's a funny bit of trivia to bring up, but the actual reason that was the case is because once upon a time the mod of a Subreddit could add other users as mods without needing them to accept. Someone added his account as a mod and the dude likely didn't even notice. He probably has some assistant running his account.
Reddit has turned into a dumpster fire, and that dude is like all the other greedy billionaires, but I don't think it's necessary to perpetuate false facts.
spez ain't gonna suck your dick, you're too old for him
There's no way he did not know about the /r/jailbait sub, and he and reddit at large, allowed it for a long time
There was a lot of dodgy stuff on Reddit. Whether or he personally knew about all of it is one thing, but Reddit as a company allowed it up until it became fiscally advantageous to remove it. It was never about censorship vs free speech like the end users always argue about.
He looks like he is still searching for his 'precious'
I quit Reddit long ago; cast your vote by deleting your account!
I stopped using it after the API fiasco, but only deleted my account last year, admittedly.
Doing my part! ✊
Is that why he looks like a bag of methed-out prairie dogs?
He’s laughing, manchild has no regrets.
"I have a hemorrhoid. It's like an infected blood vessel on your ass. I'm nine years old, and I have a hemorrhoid, Stan. I have a hemorrhoid, and, Cartman has his own theme park."
Ok so I don't actually have a hemorrhoid, but bad things do happen to good people. And Cartman has $193M in this example.
They have their chance two years ago but they didn't stand up, they fold once the admin bark just a bit. They openly stated that their obligation are to the user of the sub, so they should continue to serve quietly. If they still continue to use reddit after all this year seeing spez being paid millions while they work and generate content and effort for the company, then i have no sympathy.
Its called Reddit because authoritarianbrainwashingwebsite.com is too long for addled brains to type.
Reddit is fucking awful.
They suspend people calling out people, who are defending dragging families from their homes.
They're just as guilty as ICE.
Fuck you spez
fuck that bitch - ruined the greatest site on the internet
dont scare me like that
lolololol
I mean he ruined Reddit and took their IPO from like $30 to $250. Investors don’t give two shits about the user, if they can make more money.
People are too faaackin stupid. Reddit moderators are modern day slave . Only difference now is they enjoying being a slave
how much of that do the power tripping ban crazy mods get again?
They get paid in power tripping.
Of course he was.
Who carez
Wait, there are still unpaid moderators over there? Haven't people learned anything?
my reason-less ban feels less bad every day
I hope everyone will leave Reddit and go to Lemmy or Piefed. If you still have a Reddit account might as well say fuck it and start promoting Lemmy/Piefed until you get banned.
Spreading propaganda for the regime back home sure pays well!
Because he did such a good job and “earned” it …
Blood money
Hard work pays off, I guess!