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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b... (www.npr.org)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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[–] qwertyqwertyqwerty@lemmy.one 54 points 8 months ago (2 children)

Reddit seems like IRL Silicon Valley. They had no idea what they were/are doing, winging everything, and somehow failing upwards. It's a complete bullshit company, and hopefully Wall Street will see it for what it really is at IPO launch.

[–] bus_factor@lemmy.world 46 points 8 months ago (2 children)

All of Silicon Valley is just like the show. Some friends of mine couldn't even watch it because it hit too close to home.

[–] flipthetube@lemmy.world 11 points 8 months ago* (last edited 8 months ago)

Exactly. It was dramatized and way more entertaining than reality but the premise was based on very realistic scenarios.

[–] frezik@midwest.social 2 points 8 months ago

That's me. I started the first episode and I was laughcringing too hard.

[–] Seleni@lemmy.world 3 points 8 months ago

Remember the whole thing with GameStop? Wall Street knows, but they definitely don’t care, as long as they can make a fast buck and get out.