• SuddenDownpour@sh.itjust.works
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    7 months ago

    Sounds like a hell of a lot of money for a CEO who kept insisting that he had to kill 3rd party apps because Reddit still isn’t profitable.

    • DudeImMacGyver@sh.itjust.works
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      7 months ago

      “Reddit isn’t profitable because leadership is wildly incompetent, so let’s pay them an exorbitant amount of money instead of using that money to properly fix things or make any genuine improvements to anything.”

      -reddit

    • tool@lemmy.world
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      7 months ago

      CBOE will create options for it pretty soon after IPO, probably that week or the next. You’ll definitely be able to buy puts on it before you’ll be allowed to short sell it.

  • slimarev92@lemmy.world
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    7 months ago

    He wasn’t paid that amount. He got 341,000 in cash and the rest was in stocks and options (which will only be worth that much if the company performs well financially). This us place is just like Reddit, nobody ever reads the article.

      • SupraMario@lemmy.world
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        7 months ago

        Still not how that works, if he wants cash he has to sell, selling stocks is heavily taxed. Now he can take a loan against the stocks but if they don’t do well then he’s not going to get much for them. It’s a risk and taxes is paid like it or not.

        Still a shit system, but that’s a different discussion, but they pay taxes.

          • SupraMario@lemmy.world
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            7 months ago

            If they sell after holding it for more than a year, if they short term sell the stock under a year it’s a normal income tax on said stock.

    • Stamets@lemmy.world
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      7 months ago

      I take offense to this. I have a little dick. I don’t destroy everything for everyone around me while shitting myself violently. I say he has Caillou energy. Arrogant, narcissistic, hideous, an abject freak, a mistake granted legs and will hopefully suffer from a terminal illness.

      Fuck Caillou. Fuck Steve Greedy Pig Boy Spez Huffman

          • Reddfugee42@lemmy.world
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            7 months ago

            This doesn’t apply to sayings. If it does, saying someone has a big head for acting proud is also body shaming. That’s dumb.

            • xor@infosec.pub
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              7 months ago

              This doesn’t apply to sayings

              i don’t see why you would think that? it definitely applies to sayings.

              btw, notice how everyone has a head but not everyone has a dick? the clue for why it’s misogynistic is in there…

              notice how men are endlessly shamed and ridiculed for their dick size, and many people have complexes over it and even kill themselves?
              the clue as to why it’s harmful and body shaming is right there…
              not a lot of people crying over the size of their head…
              there’s no support groups for people with big heads…

          • xor@infosec.pub
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            7 months ago

            it means (cis) women don’t have dicks, so naturally big dick men are in charge
            also men with small dicks are inferior and should feel bad about themselves…

            or would you like to tell me how it doesn’t mean that?