I think I might know part of the reason they aren’t turning a profit…
This was my take away. They paid 1 individual over twice the amount they lost last year. That fix is easy math to me.
The king Solomon method?
And their content creators are also paid nothing.
Such a scam website - all the content is provided and moderated for free, the CEO steals anything resembling profit, the investors are all left with empty pockets. Fuck spez and anyone still using that site.
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fds was such an incredibly hateful place, it really is crazy it wasn’t banned immediately like the other incel communities.
They don’t advocate violence and their mods cracked down on the TERFs.
It’s really not that hard to not get banned as a sub.
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The whole concept of inceldom is inherently hateful in my opinion. It is founded on the belief that anyone is owed sex and romantic partnerships, and that external circumstances are denying them their natural right to fuck. We are (generally speaking) wired to seek viable mates, with natural preferences for desirable traits. That not everyone is successful is just part of the selection process.
Essentially it is a whole ideology of denying responsibility for their own inadequacies and blaming them on the object of their desires.
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For 193 million I would also let people write ‘fuck u jeena’ for two months.
The mods might actually spend money to run bots and other moderation tools on their own servers. Might even pay reddit for api usage too for using those tools.
I used to moderate an older forum site 2 decades ago, (the place is still up and running) they asked me to sign an NDA after realizing I never signed one.
Which seemed reasonable, until I realized, I was an unpaid employee, working in my free time. So, immediately quit and suddenly faced backlash from my fellow moderators in front of users.
Suffice to say, all mods had alt accounts that they used to psychologically torture other board members. This site was owned my a major television broadcaster. My point is, don’t ever work a job someone should be getting paid for.
Is it really a secret that Spez was getting paid a ton and the mods were working for free? I mean CEOs always get paid way too much, or else they wouldnt bother taking the CEO position.
Also, Im pretty sure all those reddit moderators were doing it for the feeling of power. I mean, why else would you have career mods running hundreds of subreddits while power tripping over everyone all the time?
I do pity those mods who do it for free.
Honestly. They should be paying to be mods. Lol
It would take a madman to disagree
Reddit Users:
Mods are paid in power and the ability to push their opinions. If there are people willing to do it for free then they dont need to pay anyone.
what is that supposed to mean? when the api charges were announced, multiple subs went private and were resurrected against the mods’ free will. other mods were instituted. whether any of those made any money, i don’t know. keep in mind that i was not one of those mods and thus cannot verify that information, it is just what was posted on reddit multiple times. trying to deescalate and moderate a sub is a good thing and we should be grateful to those who actively do, but holding it against them that they do not take any money for that neither makes sense nor does anyone benefit from it.
I was just saying they do it for non monetary reasons, and if there is a continuous supply of people willing to do it for free, they really shouldnt pay.
Yea idk why you have downvotes you’re literally just describing capitalism. Has no one seen others volunteering for positions when other people get paid to do the same thing?
Reddit moderators sold their souls for garbage and deserve it. The super mods there serve capitalism for free and deserve all the shit that falls from it.
I advocated for forcing state representatives to stand and face a crowd of their voters in r/worldnews and was banned for inciting violence. It’s literally the founding block of American Democracy that our government serves us and should be overthrown when it no longer serves the people, and people were responding positively to the message.
They banned me from the sub and escalated it to the Admins to get me temp site banned.
All because I said representatives should be forced to stand in front of the people they represent regularly.
I hope the CEO continues to grind them till they break.
Why would worldnews host that anyway? It is a US politics concern, which is explicitly outside the topic of worldnews.
And based on my time as a moderator, users who run off to other forums to complain about mod decisions usually leave out important details. Not saying that is necessarily the case for you, but I am not just going to take your word for it.
And violent overthrow is not a “founding block of American Democracy”. Right after he won the Revolutionary War, George Washington used the Army to put down an American revolution against taxes:
https://en.wikipedia.org/wiki/Whiskey_Rebellion
This dude sounds loud and incorrect.
I didn’t call to violently overthrow a government, and the irony in the time frame of Washington’s life you decided was important to this conversation.
It is convenient that you only wanted to talk about Washington after the Revolutionary War.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
From the Declaration of Independence itself, the founding principles of the Independence of the USA.
You might not know this, but American state representatives play a part in world politics and there are articles hosted on r/worldnews that are about them.
The comment was not removed for being off topic.
I don’t disagree with the sentiment here, the world is fucked and unchecked crony capitalism is the problem. The rich get richer and the rest of us barely get by. Also fuck Huffman for ruining the only social media platform I’d used consistently for over a decade.
That said, Huffman’s salary is not even close to the number reported here. He makes something like $350k in a year (still a wildly high salary, no one person needs to make that much in a single year!), this “compensation” is closely tied to his equity in Reddit and it’s predicted value when the company goes public.
Most CEOs are compensated in this way and I think it’s not exactly a bad way to do it (partially for employees but mostly for investors). This value is tied to performance, so if the CEO does stupid shit and ruins the company, it directly affects his compensation. This can be a good thing if that CEO makes good business decisions, which can lead to more jobs and more stability for the workers. I realize this is not always the case, but that’s the general idea.
It still sucks, and I still think no individual should make more money than is needed to live comfortably, but it’s not like he’s raking in 193 million every year like it seems from this tweet.
350k a year sounds about right for an experienced software engineer at a large tech-related company. That being said I don’t think Huffman, as a CEO, even actually does any engineering…
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Workers of the Internet! … moderate some more!
I’m definitely going to short this stock
The moderators who run much of the site are not paid directly, but they’re definitely in league.
Powermods took over reddit a long time ago. Hell, I’d go so far as to say reddit secretly promoted r/the_donald and other extremist subreddits, and had a direct hand in getting him elected.
they’re definitely in league.
They’re really not. I got to interact with many of them during the vaxxhappened protest and I got the impression that they were largely rather timid people. I do think that Reddit management is happy with the arrangement though, because it means they can abuse the mods knowing they won’t rock the boat.
The situation around the Donald is probably true, but the most telling thing is when they replaced the top KotakuInAction moderator in order to keep the subreddit not-private.
