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☆ Reddit CEO Steve Huffman defends his $193 million compensation package
▼ + stars: | 2024-03-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Reddit CEO Steve Huffman discussed his compensation package in a video Q&A posted on the forum. The CEO's $193 million pay package includes a mix of salary and stock. AdvertisementReddit CEO Steve Huffman has received backlash over his $193 million compensation. Related storiesThe bulk of his compensation package is now in restricted stock units and stock options. Huffman's chances of getting even richerBack at Reddit, it's unlikely that Huffman will get $193 million in compensation.

Persons: Steve Huffman, —, Huffman, there's, That's, Reddit, Mark Zuckerberg, Zuckerberg, Elon Organizations: Service, SEC, Zuckerberg, Elon, Meta, Tesla Locations: Reddit, Delaware

☆ Wait. Why is Reddit losing so much money?
▼ + stars: | 2024-02-27 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Last year, according to Reddit's newly filed IPO documents, the company generated $804 million in revenue and lost nearly $91 million. But it's still a lot of money to lose selling a free product. AdvertisementOne big, obvious answer: It has been hiring a lot of engineers and spending a lot of money on their salaries. (Note: There are some dumb stories floating out there about Reddit CEO Steve Huffman getting paid $193 million last year. The best argument I can make in their defense is that Reddit is still adding a lot of users and that more users equals more ad money.

Persons: —, it's, Condé Nast, that's, Steve, Greg Doherty, Steve Huffman, Elon Musk, Reddit, they're, Alex Heath Organizations: Service, Facebook, Business, Twitter, Google

☆ 'Desperate Housewives' star Felicity Huffman says her 'old life died' after the college admissions scandal
▼ + stars: | 2024-02-07 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

"Desperate Housewives" star Felicity Huffman says her "old life died" after the college admissions scandal. The 61-year-old actor spoke to The Guardian about how her life has changed since the scandal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Desperate Housewives" star Felicity Huffman says her "old life died" after the 2019 college admissions scandal. Sort of like your old life died and you died with it," Huffman, 61, said.

Persons: Felicity Huffman, proctor, —, Huffman, It's, William Singer, Huffman hasn't, Taylor Mac's, Paige Organizations: Guardian, Service, ABC Locations: London

☆ Ohio Dems. chair mocks Republican who complained they didn't have enough time to push their effort to stymie abortion rights: 'You picked the date dude'
▼ + stars: | 2023-08-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Ohio Democrats Chairwoman Elizabeth Walters mocked a Republican who complained about Issue 1. Ohio Senate President Matt Huffman had complained proponents didn't have enough time to campaign. But it was Ohio Republicans who pushed for the amendment to stymie abortion rights to be on the August ballot. "Like, saying the obvious thing out loud, you picked the date dude," Walters said during a call with reporters. Ohio Republicans hastily set the special election after previously moving to outlaw most August elections, citing low turnout.

Persons: Elizabeth Walters, Matt Huffman, Walters, Matt Huffman's, Frank LaRose, Huffman, Brian Stewart, Huffman's, John Kasich, Bob Taft Organizations: Ohio, Ohio Republicans, Service, Policy Ohio Democratic, Republican, GOP, Ohio Capital Journal . Ohio Republicans, Capital, Republicans Locations: Wall, Silicon

☆ One of Reddit's largest communities is protesting changes to the platform by posting only photos of John Oliver 'looking sexy'
▼ + stars: | 2023-06-17 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

r/Pics now only allows photos of British comedian John Oliver "looking sexy." Users of one of Reddit's largest communities are protesting statements from the social media site's CEO and changes to its API by only allowing posts of photos of "Last Week Tonight" host John Oliver "looking sexy." A moderator for r/Pics on Friday posted a message telling the site's users that they would vote between letting the subreddit continue operating normally or only allowing images of "John Oliver looking sexy." Users voted 37,331 to 2,329 in favor of sexy John Oliver. Representatives for John Oliver did not immediately return Insider's request for comment on Saturday.

Persons: Steve Huffman, John Oliver, Huffman, didn't, subreddits, they've Organizations: NBC Locations: British, Reddit

Budrul Chukrut | Lightrocket | Getty ImagesAt midnight on Tuesday, the moderators of the Reddit community r/Gaming decided to go dark. "We're talking hundreds of thousands of volunteers putting in hours a day to keep the site safe, entertaining and enjoyable for community members. As a private company, Reddit doesn't have to disclose its financials or provide revenue and profit projections. "You have a lot of people, both professionals and general community members, who are running the numbers on this," Croach said. Jacqueline Sheeran, known as "MCHammerCurls," is the head moderator of r/Fitness, which has more than 10 million members.

Persons: Budrul, Dacvak, Slack, weren't, Croach, Reddit, Christian Selig, Selig, Steve Huffman, Huffman, Horacio Villalobos, subreddits, they're, –, David DeWald, subreddit, Shane McCarthy, McCarthy, Meepster23, ModCoord, Omar, Jacqueline Sheeran, Sarah Gilbert, Gilbert, Huffman's, RamsesThePigeon, that's, there's Organizations: Lightrocket, Reddit, CNBC, Facebook, Twitter, YouTube, Google, Amazon, Yahoo, Microsoft, Corbis, NBC, Wall, NBC News, Cornell University, school's Citizens, Technology Locations: U.S, Lisbon, Portugal

☆ Reddit CEO says the mods leading a punishing blackout are too powerful and he will change the site's rules to weaken them
▼ + stars: | 2023-06-16 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +4 min

Reddit CEO Steve Huffman thinks the site's mods are too powerful. So a politician needs to be elected, and a business owner can be fired by its shareholders," he told NBC. Reddit mods hold a lot of power, and many believe it has been earned due to the amount of unpaid labor they put into the site. He told NBC it was "really important" to ensure "protests, now or in the future, are actually representative of their communities." Huffman told NBC there was no set timeline for his proposed changes.

Persons: Steve Huffman, subreddits, Reddit, Christian Selig, Huffman, We've Organizations: NBC, Ars Technica, University of Minnesota Twin Cities, Northwestern University Locations: Reddit

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