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sturmblast ,

That douche can go fuck himself

starman2112 ,
@starman2112@sh.itjust.works avatar

If the company does well, I will do well

And if the company doesn’t do well, he gets to fuck off and retire on more money than ten people can reasonably spend in a lifetime

Zacryon ,

Capitalism – in it’s current form, a system where some exploit others in order to make profit.

CitizenKong ,

I think you mean where rich people rigging the system exploit people who have to follow the rules.

Zacryon ,

That’s also what I meant by capitalism “in it’s current form”. Yes. ^^

apemint ,
@apemint@lemmy.world avatar

That’s literally every system.
Yes, communism too. Especially communism.

CitizenKong ,

You keep using that word. I don’t think it means what you think it means.

apemint ,
@apemint@lemmy.world avatar

I lived in both. Maybe I have more of an insight than you…

ThrowawayPermanente ,

You need to read more theory and spend less tine in the real world

CitizenKong ,

Dito.

gravitas_deficiency ,

Spez is such a fuckin tool

DingoBilly ,

Why does he need to?

He’s made thousands of people work for him for free and contribute data for him to sell for free. By most business definitions he’s a legend that all other ceos wish they could copy.

TheKMAP ,

Exactly. Reddit mods and Wikipedia admins both get to be kings of their little fiefdoms. The power/pride/whatever is payment enough, otherwise they wouldn’t be doing it. They are intrinsically motivated.

Being a mod for something you are passionate about is intoxicating. It is an awesome feeling to know you’ve contributed to the growth of something you care about.

someguy3 , (edited )

It’s fucking hilarious how subs still have pinned “we’re open under protest”.

But anyway, I think now that his wage is out and soon enough we’ll learn about the hundred of millions he has in stock, at least some mods will have had enough and leave.

magnetosphere ,
@magnetosphere@fedia.io avatar

Christ, what an asshole.

nyahlathotep ,
@nyahlathotep@sh.itjust.works avatar

Yeah, the mods are the landed gentry

autotldr Bot ,

This is the best summary I could come up with:

Much-hated Reddit founder and CEO Steve Huffman gifted himself a stunning $193 million compensation package — while unpaid moderators on the platform have yet to see a single dollar, as Variety reports.

During a recent Q&A video posted to the subreddit named after the company’s brand new New York stock exchange ticker RDDT, Huffman argued that he was totally justified in paying himself more than the CEOs of Meta, Pinterest and Snap combined.

“When your entire business model is one prick taking nearly everything,” one user wrote in a discussion about the IPO on the subreddit r/wallstreetbets last month.

Not long after, Huffman accused moderators — volunteer power users who have historically kept many communities from melting down into a toxic cesspool — of being “landed gentry.”

Instead of focusing on its users and the value of self-governance by volunteers, Reddit has agreed to hand over content they’ve generated to Google to train its AI models, in efforts that are now being investigated by the Federal Trade Commission.

One top-voted post claims Reddit’s IPO is a “pump and dump” scheme, accusing the company of fraudulently inflating the value of its stock before cashing out.

The original article contains 621 words, the summary contains 193 words. Saved 69%. I’m a bot and I’m open source!

Shadywack ,
@Shadywack@lemmy.world avatar

The Reddit mods and Spez deserve each other. Fuck em, I’m enjoying watching it all burn.

echodot ,

Let me still has mods of course

iamanoldguy ,

Fuck Spez. I left Reddit and I’m here now and happier for it.

PoliticallyIncorrect ,

He will continue unless he ran out of free labour force.

_sideffect ,

The problem were the mods who didn’t know any better. Spez hid his intentions very well, and made all the mods look like fools working for free

FartsWithAnAccent ,
@FartsWithAnAccent@lemmy.world avatar

Spez hid his intentions very well

He did?

_sideffect ,

Yes he did. People are associating what happened with the short term, ie the last couple of months, but spez has this planned for years when we were all in the dark

KairuByte ,
@KairuByte@lemmy.dbzer0.com avatar

In the end it was a subset of users that basically told mods “you’re just janitors, we don’t need you, anyone can do your job” followed by a partial exodus and… a major drop in quality on all but the larger subs.

KingThrillgore ,
@KingThrillgore@lemmy.ml avatar

Its been obvious for weeks with the slow drip of news, the mods were getting the shaft and nothing was done about it (to my knowledge).

Either they really fear the sobriety from their little bit of authority, there’s a movement that’s going on in a Discord in a back alley and nobody’s said anything, or these people really are rubes, fucking buffoons, absolute morons.

And I doubt the last point because I saw firsthand how Reddit admins quickly turned the argument against the protesting “power-tripping” mods during the API revolt with blatant astroturfing. I saw it. I know it happened, you can’t tell me otherwise.

BonesOfTheMoon ,

I modded r/beholdthemasterrace, which was specifically for making fun of literal Nazi inbreds.

casual_turtle_stew_enjoyer ,

Oh, gotcha, so you were legit dealing with degen Nazi wannabes. Apologies for doubting you, I shouldn’t have made assumptions.

More power to ya, cheers

BonesOfTheMoon ,

Very notorious Nazis threatened me several times…they hate their picture on Reddit lol.

ilinamorato ,

But why would they hate that? If they’re so confident in their worldview, why aren’t they glad for the publicity? /s

Honestly, Nazis and Confederates are tied for “thinnest-skinned” at this point. And at all the other points too, but especially at this point.

casual_turtle_stew_enjoyer , (edited )

When you say “their picture”, you mean to say they just don’t like how they are represented on the platform, right? Or do you mean an actual picture of their face? If the latter is the case, then it sounds objectively like y’all were the ones that set the precedent for doxxing. And you should have known they’d be stupid enough to stoop to any challenger’s given level and then some. Just saying.

Wage_slave ,
@Wage_slave@lemmy.ml avatar

It’s too early to see a face and get into a slapping mood.

Get fucked, u_spez

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