He gifted himself a ludicrous $193 million compensation package.
Reddit, a 20-year-old company, has yet to turn a profit. In 2023, the platform lost a whopping $90.8 million.
Can someone explain to me how reddit can make a loss, while he pays himself MORE than the loss? Does that not mean that reddit would have made a 113 Million profit before his $193 million compensation package? What kind of business-algebra-gymnastics is at work here?
There is a one-time upfront payment of $55,000, plus an ongoing annual ground rent of $1,091 per bunker. Bunkers are provided in their as-is condition, without interior improvements, equipment or furnishings, ready for your outfitting.
How is this a "billionaire commune", when the price is a fraction of a standard 2-bedroom house or even a motorhome, and pretty much everyone can move in?
Picture: https://superuser.com/a/1718133
Or it could be the USSR where people cannot afford cars, there is no money for building mainenance and everyone is at work right now ... /s
Skinner.meme: "Should we build sensible, small cars that are cheap to buy and drive, dont support speeding, need little parking space and prevent horrific high speed crashes? - No, it would hurt the economy and my penis would fall of driving something with less than 400HP that dosn't make vroom-vroom noises!"
Don't have any of that; except that youtube keeps showing me colorfull gambling ads in the style of a farmville game... before and between kids videos.
(this happens when playing youtube via chromecast on the lounge TV; i have adblockers on my computers)
Well to be honest, the advertised tent looks like Snow White's Coffin to me...
Previous company handled everything over email. No Kanban, no Git, no organization - everything was still handled as it was in a random accounting office back in the 90's. I spend half of my worktime searching for who-said-what-and-when emails to code feature x, and then had to email it back to another dev.
There was also zero drive to improve anything. I was yelled at for 5 mins straight for suggesting to add a placeholder to a dateinput (which was declared as '', instead of ''), because the correct format 'YYYYMMDD' was never mentioned anywhere on the form or in error mesages, and people keept having issues.
"Wenn die Ausländer mir nicht die Arbeit wegnehmen würden, wäre ich jetzt Gehirnchirurg, Astronaut, der Deutsche Bill Gates oder Raketenwissenschaftler!" - Ronny-Maik, 45, Langzeitarbeitsloser aus Chemnitz.
Naja, Volkswagen beschaeftigt auch leute in behindertenwerkstaetten weil es eben extrem billig fuer sie ist - imho bezahlt der staat ein teil des winzigen lohnes. Da sitzen sie dann also and werkbaenken und kleben den ganzen tag irgendwelche gummidichtungen auf autoteile, und in der werkstatt mueffelt es nach loesungsmittel. Imho eine extrem monotone arbeit die man genausogut und billig von maschinen erledigen lassen koennte...
Reddit has a lot of users that spend a lot of time there, so it is advertising potential, and a lot of Brands pay for ads on Reddit. Investors hope they will eventually make enough ad revenue to turn a profit.
However Twitter was and is in the same boat, it is a big site with many users, but was never profitable.