Reddit CEO Defends $193 Million Pay Amid IPO Preparations

Steve Huffman explains compensation structure as Reddit aims for $6.5 billion valuation.

Reddit CEO Steve Huffman defends his $193 million compensation package amid backlash, explaining it's based on salary and stock, with performance determining the final amount.
Huffman's compensation includes a significant portion in stock, aligning his financial interests with the company's success as Reddit prepares for its IPO.
Moderators on Reddit, who are unpaid, have expressed frustration over the disparity between their volunteer work and Huffman's substantial compensation.
Reddit aims for a $6.5 billion valuation at its IPO, with Huffman owning about 3.2% of the company, potentially increasing his wealth significantly.
The CEO's compensation has sparked a broader discussion on executive pay and the reliance on unpaid moderators for content moderation.