this post was submitted on 24 Feb 2024
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https://www.reddit.com/r/technology/comments/1axll4s/reddit_files_to_go_public_reveals_that_it_paid/
Spez got paid, according to that, $193,000,000 last year as CEO.
reddit "never turned a profit".
I can't imagine the corruption/anti-integrity required to reconcile those 2 facts.
How come he isn't in jail, for fraud??
Why would there be any fraud? His salary is approved by the board that represents the current shareholders.
It's also not particularly surprising on account of there being plenty of VC-subsidised companies that never turned a profit, had high salaries for their executives and then IPO'd.
If your question is moreso on the absurdities of capitalism, then that's another discussion entirely, but I feel it's important to note that this is nothing out of the ordinary.