Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b...
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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b...::undefined
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Probably very unpopular thoughts but...
A) How many of us wouldn't angle for an almost 200 million dollar payout? Seriously? All of us are too good for that?
B) Social media like reddit is basically free for users and costs way more than most of us could afford to run. We probably need to figure out some middle ground where people expect to pay a few pennies for something they use for hours a day. Unfortunately, advertising etc has conditioned/conned people into thinking everything should be "free" and with ads.
Most people wouldn't even know what to do with that kind of money, I doubt spez even has use for it all, its just big number goes up.
He should give it back to society and have a humble income, everyone should do this.
As to "B:" we have Lemmy, run by enthusiasm and donations. Maybe one day we will get media like video to an even smaller size and have a federated YouTube style site.
AV1 could actually be huge for PeerTube, now that I think about it
And when you become a multi-millionaire through your work, come back here and respond to this comment to tell us all the charities you’ve given all your money to. Can’t wait.
Epic logical fallacy dude
My political and philosophic idea wouldn't allow myself to have that much wealth, it would be reinvested into society.
Its important to understand that we're not all capitalists
It's not free. Moderators spend their time keeping things sensible and users spend their time creating content, by posting, commenting and voting. Millions of people contribute tiny amounts, giving the community great value. They're the reason the site has any value at all. In comparison, the operating costs, and whatever work the company execs perform, are small compared to the not-at-all free work people in aggregate put into the community.
These are sites premised on free labour but the end user pays nothing to enjoy the site.
As much value is created by those volunteers, the operating/dev costs are very real and can't just be hand waved away.
And you're claiming that people can't expect to use it for free, because they need to pay those costs, which is nonsense. If they have enough to pay a CEO $300k in cash each year in addition to stock options, they are making plenty to cover their operating costs. Thus there's no reason users, who are already brining value to the platform, should pay more in addition to the value they bring. Asking for people to contribute for free and then pay to access what they've built is a crazy business strategy that's bound to fail.
This might help you understand the issue with reddit, which apparently has yet to ever cover its operating costs within a year:
https://www.forbes.com/sites/eriksherman/2024/02/26/reddits-ipo-filing-shows-lots-of-losses-after-nearly-20-years/
Kind of eye opening, even if you vaguely understood the situation beforehand.
I think you're misunderstanding my point.
You can still use reddit for free, that won't change. That is because to reddit you are cattle, the product, what is being sold.
And as long as you are a product, reddit is going to extract as much value from you as they can. It's why their valuation is in the billions, you are lucrative cattle. And qs someone who has wrangled that cattle, spez is taking his cut.