reddit these days is very different. i remember people were buying each other reddit gold back in the day to pay for the site so it wouldn't have to bend to advertisers and their rules. now reddit is big business
this post was submitted on 10 Jan 2026
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Lemmy.World is far batter than Reddit, I Love Lemmy
We should have absolute caps on incomes and wealth. In no fair world, would anyone be compensated with enough wealth to buy a fleet of mega yachts.
I gotta unpack this a little...
Reddit's main source of revenue is advertising. Other companies pay Reddit to shove ads in your face. You probably buy products from at least some of those companies, and while market forces and consumer perceptions have large influence, operating costs are still a factor in setting those prices. Just like everyone else, Reddit sets the prices of its advertising services based in part on its operating costs, which includes Spez's salary.
Even if you avoid Reddit, things you buy are more expensive because this fucking toolshed gets paid $193 million a year just to be a sociopathic jackoff with a popular website.
I quit Reddit years ago, but I'm still fucking pissed about this shit and I have every right to be.
Just like auto insurance is more expensive than it should be because they advertise like mad.
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I have sympathy for the moderators but not a lot. The should have unionised and demanded a salary a long time ago.
And I’ll add Lemmy/Piefed, actually the whole fediverse, should be run by co-operatives. I’m on Aussie.zone for nothing I add nothing to the instance I’m just a drain on resources. I should pay a yearly fee to be part of the community and should at the very least meta moderate. Like slashdot Uwe to do whereafter a period of time you got to review moderator choices and agree or disagree with the decision. Which based on criteria would the. Allow you to first person moderate.
In short:
- contribute to costs.
- moderate the moderators
- moderate
On one hand, yes. On the other hand, the moment paying for Lemmy becomes commonplace, is the moment financial interests would ruin everything. A donation model makes more sense.
Co-op is just donation model with voting rights. Like a community non-profit organisation
Sure http://piefed.influercercancer.social/ could decide to have paid content but that’s their decision. Any other instance can de-federate from them as easily as they can a Nazi instance
You'd like lemmy.dbzer0.com (lemmy) or anarchist.nexus (piefed) then. Run by the same folks.
Not a co-op, but they've put in place systems for instance users to democratically vote on all big administrative changes, any user can start a "radical" vote to oust any mod or admin, and people who have donated to the running costs (even just once) get more vote. Enough that people invested get more weight, but they wouldn't be able to completely override the will of the rest of the userbase.
Politically anarchist, pro-piracy (head admin and creator is former head mod of reddit's r/piracy), accepting of AI (mostly pushing for local models, so corps aren't the only ones with power) but don't really have issues with anti-corp-AI views as long as you aren't being a dick to the pro-AI comms/users.
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Im personally a server admin on db0 and tbh I just sorta do it in my free time, I don't personally think it needs to be monitized. Some funding for server costs is fine but that's about it.
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No one deserves that much no matter what they've done. To squeeze that much out of the company requires taking away from employees, the company as a whole and advertisers.
According to a google search, reddit has 2,233 employees. Meaning his bonus is ~$86.5k per employee.
Whenever I see these giant C suite bonuses announced, it seems hard to imagine why every single staff member doesnt demand a massive raise, and they all strike till they get it. After all, the company has just proven they have the massive piles of extra cash and can afford it.
Because it takes organization to get everyone to strike, especially when a majority of Americans live paycheck to paycheck. This is why corporations are also very anti-union. It’s how that organization happens. It’s how we got a 5-day work week!
He looks like he is still searching for his 'precious'
This is what people mean when they say profit is theft
Obligatory FUCK SPEZ.
Came here to say this FUCK SPEZ
greedy little pig-boy
"I have a hemorrhoid. It's like an infected blood vessel on your ass. I'm nine years old, and I have a hemorrhoid, Stan. I have a hemorrhoid, and, Cartman has his own theme park."
Ok so I don't actually have a hemorrhoid, but bad things do happen to good people. And Cartman has $193M in this example.
Wait, there are still unpaid moderators over there? Haven't people learned anything?
Dump reddit , there all bots talking to bots ,your alone.
to be fair, theres still a lot of really good info on there, by the matter of sheer volume alone. i learned a lot about linux for instance, from reddit the last couple years. Sadly lemmy doesnt yet have the volume that would have been able to foster the same amount of learning for me. heres to hoping lemmy grows faster by the day :)
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I did my part by spoofing their API and using RIF right up until I got banned for saying nazis deserve to be dead.
Hit too close to home for the admins with that one.
I didn't get banned, but I remember once teaching people how to fuck with tire valve stems discreetly to fuck with cops and bad parkers and getting a ton of downvotes. That same advice just got a ton of upvotes here. It's better here.
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Steve Huffman is a pedo sympathizer.
Pissbaby of reddit*
People are too faaackin stupid. Reddit moderators are modern day slave . Only difference now is they enjoying being a slave
I mean he ruined Reddit and took their IPO from like $30 to $250. Investors don’t give two shits about the user, if they can make more money.
Blood money
Is that why he looks like a bag of methed-out prairie dogs?
The date on this article is March 19, 2024. I don't mind, really every day Spez is discomfited is a good day, just something to be aware of. I thought it was odd when they were mentioning the IPO filing as being the source of the information, and that's when I looked for the date.
Fuck you spez
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