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1. nixCraft 🐧 (nixcraft@mastodon.social)'s status on Saturday, 24-Feb-2024 19:34:51 JST nixCraft 🐧

   Reddit is going public via the IPO route. Last year, the CEO got $193 million, but moderators are not paid and expected to work free past IPO. Only some moderators and active users in the USA can apply for Reddit's initial public offering to buy stock at a special price. Most Reddit users are motivated by fake karma points and likes. Also, they banned all unofficial Reddit mobile clients. Meanwhile, the CEO profits while everyone provides free labor.

   More https://www.thedailybeast.com/reddit-files-to-go-public-reveals-that-it-paid-ceo-dollar193-million-last-year?