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A comment on Before Reddit and Digg, there was Fark. Then a user-hostile redesign killed it. Parent comment

Re:Before Reddit and Digg, there was Fark. Then a user-hosti... by vxNsr on Monday June 12, 2023 @06:01AM (#36290945)
> I don't think he is that inapt, and that his board is stupid to let him in charge despite such a failure, profitability was just never the goal.

Just fyi, reddit rose around the same time as Facebook so it’s likely they share a similar governance model, where founders control an outsized part of the board/voting shares. Since Uber and wework semi-imploded investors are less forgiving of that sort of thing but legacy companies like Reddit likely still are run that way.

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Re:Before Reddit and Digg, there was Fark. Then a user-hosti... by littlestymaar on Monday June 12, 2023 @07:32AM (#36291818)
Spez sold his shares in 2006 before joining back as a CEO in 2015. He probably has equity as the CEO, but not as many as a regular founder and as such he should have much less power and control over the company than Zuck.
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