womp womp
Has this been posted on Reddit itself anywhere. I'd be interested to read users comments
Are you saying he's doing an excellent job on maximizing output?
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.
r/Worldnews? More like r/WorldHasbara
Moderators get a feeling of power. I've never heard a reddit mod say they want money.
Senior management people making 200k a year for all the work have to be the most cucked people on the planet. It is pathetic that we let every org get taken over by people less useful than a sponge, and we pay them hundreds of millions for the privelege. Even so called mutuals and co-operatives which are in theory owned by their own members still succumb to this embarassing plague. I don't know who among these losers first decides on behalf of everyone else we need to get a daddy dom and become pay pigs.
The disconnection between the crowd-sourced content (original stuff and commercial articles) and Reddit’s heavy handed dismissal of users always felt weird.
The fact that they (with user help) aggregated OTHER BUSINESS’ content without recompense was a mystery. Like, you didn’t even need to go to the other site to read it.
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.
critical support to reddit for making reddit mods' lives worse
Why would anyone buy shares in a company that is not profitable, nor may never be profitable. Even they wrote that in the IPO. What would a buyer of shares be buying a share of?
You live in a world where people are buying NFTs, and you find THIS surprising?
Maybe in 2022. 2023 had 25% of the VC deal volume that 2022 did and 2024 ain’t looking any better.
The age of cheap capital has finished. Unless you’re already healthy or can demonstrate a reasonable path to profitability, later-stage VC is actually really hard to find right now. Angel capital still abounds for people with good track record.
But it’s a tough environment for Reddit to do an IPO in and they probably know it. But they have no other option - they can’t continue into series H, J, Z. Those days are gone.
Well, you get the shares "cheap" because it's not profitable and hope that they turn profitable, e.g. by selling user data, or paywalling everything like Twitter. The mods make $0. For them, it's probably more like: Why are the mods only paying us $0? How can we maximize that?
Elon Musk please do one good thing in your life and buy Reddit and run it into the ground.
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?
So what, give the CEO half and pay the rest to the mods? Like 1300 bucks per year without tax and fees. What would be left? 50 bucks per month? Reddit has like 75000 moderators. Some for huge Subreddits, some for small ones. Equal pay? Or what?
Someone has to organize all that paying, many are in different countries, different tax laws. In the end, there would be like 20 bucks per month for each. You then would also require extra heavy checks for moderation quality to ensure they are worth their pay. You'd need systems to prevent abuse. If there's money involved, people become extra greedy. Just pay some of them? Only the ones working a few hours per day? Pay per moderating action? What?
Or you just do double pay for the CEO. Seems like a no-brainer.
"paying people who create value for your company is too complicated to worry about" is a weird justification
It is a no brainier in the complete opposite direction you proposed
Yes to all of this, except for paying the CEO more. The CEO should get nothing. Running the company should be its own reward.
"Our business model sucks and we don't want to do the work to pay the people who perform labor for us. Therefore, our CEO deserves a hundred million dollars."
Yeah, makes sense. Carry on.
Ok, serious question: were the moderators offered share options, or are they hoping that the company would eventually compensate them? Or is this discussion blanketed by an NDA?
Yes, some of us got this email on Monday.
Pretty sure most old and/or active accounts received this regardless of being mods, though.
No, maybe in some cases, no.
No to all 3 questions afaik.
Reddit Users: