Reddit CEO pay was $190M Company exists simply to extract money for the CEO. You'd have to be insane to buy any shares.
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Reddit Launches Long-Awaited IPO with $748M Target
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Re: Reddit Launches Long-Awaited IPO with $748M Target
#32aaron swartz is surely rolling in his grave
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Re: Reddit Launches Long-Awaited IPO with $748M Target
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Re: Reddit Launches Long-Awaited IPO with $748M Target
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Re: Reddit Launches Long-Awaited IPO with $748M Target
#35Reddit CEO pay was $190M Company exists simply to extract money for the CEO. You'd have to be insane to buy any shares.
The source for this figure: https://www.sec.gov/Archives/edgar/data/1713445/000162828024... CEO pay for 2023: 341,346 (cash salary) + 98,332,716 (stock) + 93,776,049 (options) + 792,000 (cash bonus) It's hard to really value the 190M of stock+options, though it seems like it'll be enought to buy some really nice avocado toast. Anyway though, shouldn't we be celebrating this? Isn't it the hacker news dream, creating a…
The ultimate irony of HN is that it is full of people complaining about the very things that they themselves leverage to fuel their livelihood.
Re: Reddit Launches Long-Awaited IPO with $748M Target
#36Re: Reddit Launches Long-Awaited IPO with $748M Target
#37Reddit seems to have well and truly jumped the shark. Most of their communities are barely moderated wastelands. Bot activity is absolutely rampant. It had a golden age, but I have no idea how this survives in the post LLM world.
Re: Reddit Launches Long-Awaited IPO with $748M Target
#38"at least Reddit can't get any worse!"
Re: Reddit Launches Long-Awaited IPO with $748M Target
#39I will be buying this.
The best predictor that a stock is going to do well is bad financials.
Re: Reddit Launches Long-Awaited IPO with $748M Target
#40Reddit going all out to maximize shareholder value will be the nail in the coffin of this cesspool (and I’m a 17 year user)