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Reddit CEO Steve Huffman discussed his compensation package in a video Q&A posted on the forum. The CEO's $193 million pay package is a mix of salary and stock.
Huffman and Ohanian sold Reddit to Condé Nast on October 31, 2006, for a reported $10 million to $20 million. Huffman remained with Reddit until 2009, when he left his role as acting CEO.
The reality is that he was paid $560,000 last year and the board determined his lifetime contributions as a founder CEO, then CEO again were worth shares of the company that, based on their IPO target price total $193 million.
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As Reddit prepares to go public, Huffman’s stake is projected to be worth approximately $200 million, a figure that underscores his vested interest in the platform’s success.
Jun 16, 2023 · We interviewed Reddit CEO Steve Huffman about the widespread unrest on the platform in response to its forthcoming API changes.
Mar 19, 2024 · Reddit CEO Steve Huffman addressed his $193 million compensation amid backlash from the social media platform's volunteer moderators as the company nears its initial public offering (IPO).