The truth is he's a jealous little turd of a person. The other reddit founders, the ones with brains and skills, got out early and got paid. Even the dead one was more successful. He wants to drain reddit of money while tanking it. He thinks he's entitled. It's a real shame he reproduced too, the poor kid is doomed with a godawful role model like that.
Ohanion was also a fucking prick, shitting up the company while he was there. All the Ellen Pao stuff and the r/IAMA clusterfuck that led to the first big Reddit shutdown? Yeah that was all Ohanion's doing. Then he let Pao take all the heat for his decisions and get ousted.
There was only one worth a damn.
He was too good for this world, and we are all lesser for his absence.
The myth of Aaron Swartz continues...
He was a big proponent of free speech absolutism. He'd have been more than happy with the jailbait subs, watchpeopledie, fatpeoplehate etc. I really don't think he deserves a free pass just because Reddit wasn't enshittifying while he was around, as it was in a growth phase. It had other problems which needed resolution.
I can see where he picked up that attitude. It was common in the hacker types of the late 90s/early 2000s regardless of where their politics lay otherwise. Around the time he died, many of them were starting to see the monster that was created out of that, but it wasn't really obvious until the 2016 election.
https://web.archive.org/web/20031229025933/http:/bits.are.notabug.com/
Share Child Pornography
In the US, it is illegal to possess or distribute child pornography, apparently because doing so will encourage people to sexually abuse children.
This is absurd logic. Child pornography is not necessarily abuse. Even if it was, preventing the distribution or posession of the evidence won't make the abuse go away. We don't arrest everyone with videotapes of murders, or make it illegal for TV stations to show people being killed.
What more can you say about a man who lets cats with silicone implants have sex with him?
I've never seen that combination of words before and I never want to see it again.
Uhh what
Give us the source for the implants cats, pilgrim
When I saw this news yesterday, it made me realize I hadn't used Reddit almost at all since the purge last summer. I ran the PowerDelete tool last night to nuke my profile and then deleted my account this morning. 10 years of posts and comments gone but ill be damned if im going to let those posts stay and train AI to make this douche canoe any more money.
It's sad, really. So much humanity just bought for a sum. So much offered with nothing expected in return. There's always someone who will try to profit from stuff like that, and they're always horrible, horrible people.
Do you have any way of verifying that it is actually gone? I bet it's just gone from view but the data is still there.
I'll be filing a GDPR claim per account to get my data and have them permanently delete my content and information
I ran the PowerDelete tool last night to nuke my profile
Note that the profile only shows the last 1k comments - I did a GDPR request to get my data (took em a few weeks - they have a month the time to do so) and then used that data to find all my comments and replace a whole bunch of comments with GPT-generated bullshit about spez being a poopyhead.
I won't pick up my shit and move, I'll kill the plants, salt the earth and poison the well. Fuck 'em. It's all for shittificating the site for YEARS.
So, with all these negative opinions of reddit and spez, I'm both curious what the business world generally thinks of him, and their plan for the business.
Ultimately, the interesting thing will be if investors will give any money when they IPO.
I personally wouldn't, but because I don't like the leaders. Some people don't care, they just want returns where ever they come.
I'm a bit of a hater for this company, and hope their IPO is a flop. We'll see.
The people with all the money don't care about anything like this. They don't even care about stewardship/long term value building except maybe the Dupont's and old moneyers. Why wait around trying to make or build something when I can just ride the hype train and make sure I get off and onto the next one before the house of cards falls down?
TSLA's market cap is 618 billion dollars
GM's is 45 billion dollars
Shell Oil's market cap is 200 billion dollars
I've decided that's what's wrong with everything at the core -- the only virtue is money and it doesn't matter how you get it. Spez or anyone else could be doing way worse and everyone would shrug.
Plenty of CEOs are psychopaths, it's practically a requirement to rise to the top. The business world would see him as one of their own.
A lot of people invest looking not too close, it seems. Those with some knowledge of what Reddit is likely wouldn't, but I think the plan may work.
Member when everyone was Happy Ellen Cho was gone? Peppridge Farm remembers when that asshole promised not to asshole. He lied.
Adult companies enshittify.
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.
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.
Exactly. It was dramatized and way more entertaining than reality but the premise was based on very realistic scenarios.
The really titillating question is what happens when reddit collapses as a trustable source of information and google search is then totally useless.
It turns out social networks aren't great businesses unless you heavily exploit the people maintaining those communities.
The trust is already gone.
People end up doing what they have always done, and go elsewhere.
They went to Reddit to begin with, and they can just as readily leave it.
Is that the same Spez who moderated /r/jailbait?
Wasnt that back when you could make anyone a mod, without their permission?
If we're gonna point to things that spez actively has done, then theres plenty of shit..
Like knowingly letting all the pedo subs exist and run rampant (until the news media caught wind and hurt advertising)
Editing people's comments without their input/consents another big controversy with his involvement too.
BOTS, BOTS, BOTS, BOTS, BOTS,
BOTS, BOTS, BOTS, BOTS, BOTS,
BOTS, BOTS, BOTS, BOTS, BOTS,
BOTS,
#EVERYBODY!
Not to defend Huffman, who's a huge asshole, but...
He wasn't really oaid 193 million. That's the value (on paper) if the stocks and options he received. His actual salary eas 341,000$.
"he wasn't actually paid in money. it was just the value of the gold bullion he received".
Is that better somehow? I never understood this logic. Money itself is existentially just paper with no value until you spend it on something, and its value also rises and falls based on other factors. It's basically stock in the US economy.
Why is it not okay to give someone one kind of paper but not another?
Separating these things is how the rich avoid paying taxes.
Stocks and options that he's about to unload in the open market, assuming they will be vested. I think that's the real reason why they are opening up the IPO to Redditors. They want a fair amount of the stock - but not too much! - sold to people with an emotional attachment to it, who won't get in the way of their selling.
Note the Trump people playing the same exact game with DWAC.
He meant that Reddit should start behaving more like an 'adult entertainment' company, so basically everyone that provides content for it is getting fucked.
How much of that compensation is in stock? It's pretty common for executives to be largely compensated in stock, particularly right before an IPO.
I only point this out because the math isn't necessarily as simple as revenue minus executive compensation. Issuing stock isn't a cash transaction for reddit.
His pay was $300k something. So it was almost all stock. To convert his ownership stake into shares ahead of the IPO as you mentioned.
He supposedly owns around 3-4% of Reddit. And they're trying to IPO at an initial valuation of $5B. So when that goes to shit like it probably will this theoretical $192M drops dramatically.
His pay was $300k something. So it was almost all stock.
Ahh, that makes all sorts of sense. The idea that he was paid $193 Million was unbelievable.
You could pay 1,000 moderators $100k for the year and still give Spez $93 Million if that were his salary.
title-and-post-gore!
There is just no reason why Reddit's CEO was making almost 200 million dollars other than short-sighted greed. They weren't even paying him stock options: just straight cash out of the coffers.
I see he went to the Adam Neuman school of business...
This is a most excellent place for technology news and articles.
