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this post was submitted on 04 Apr 2024
293 points (94.3% liked)
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Perhaps, but not worth buying if you can't make profit or keep it from your competition.
60M is for over almost 20 years of data, but once it's ingested, google will only want new content. Next year, it'll be more like 3M if the dataset isn't poisoned by bots or the AI fad hasn't collapsed. Reddit will struggle with finances again and users will suffer. At least that's my prediction.
Spez has already grifted his money out of the initial stock pump so it literally doesn't matter. Reddit could shut down tomorrow and he'd be happy as a clam.
Yeah, what a load. Though now they can boot his arse and save.
Edited to remove number.
I doubt he's getting 120M per year. I think that big compensation package was a 1 time deal. That's more than Satya Nadella makes.
You're right. Total compensation was $193M for 2023 but that was a lot of stock too. It may have been one time like you said now that they went public. Hopefully enough to retire haha.
LOL. Do you realize that makes you sound like Boomers talking about the internet in the late 90's and early 00's?
It currently looks very much like a bubble. After the dot com bubble, the internet didn't go away, but most companies died off and all the stupid monetisation went bankrupt.
We may be seeing something similar
Haha! Wow I guess so. I'll keep some shelf space available in the geezer museum next to 3D TV's, deep fakes, fidget spinners, and my pogs. :D