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Reddit S1

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21–30 of 58 posts

Re: Reddit S1

#23
Am I reading this right?

Revenue: $667m

Total comp of 3 execs: $322m

Income: ($90m)

I might have a suggestion on how they can get out of the red. It's a wild one, I know. But, it just might work!

Re: Reddit S1

#24
post #19

Are there any Reddit alternatives these days? Something like HN but more slightly more casual (image/video embeds, subreddits)

SomethingAwful putters along under new ownership, with fairly decent moderation.

Re: Reddit S1

#25
post #4

Reddit DM I just got: "Participating in Reddit’s Initial Public Offering (IPO) from reddit sent 11 minutes ago Hello, TL;DR: – you’re invited to a special program that lets redditors purchase stock at the same price as institutional investors when we IPO. Details about eligibility and next steps follow. This (long, dense) message has all the info we can provide due to legal restrictions. As you may have heard, Reddit…

Are you an active user? What was the cutoff threshold for this?

They discuss the Directed Shares Program on page 224.

https://www.sec.gov/Archives/edgar/data/1713445/000162828024...

Briefly - Users & Moderators will be invited on 6 phased tiers. Accounts created on or before Jan 1st, 2024.

T1 - Users identified by us who have made meaninful contribution to Reddit community programs.

T2 - 200,000 Karma / 5,000 Mod actions

T3 - 100,000 Karma / 2,500 Mod actions

T4 - 50,000 Karma / 1,000 Mod actions

T5 - 25,000 Karma / 500 Mod actions

T6 - All eligible users

Class A Common stock, # and % appears redacted.

Re: Reddit S1

#26
post #12

CEO total comp of $193m in 2023 is...quite something

For a company that produced negative income, absolutely absurd. Why do investors put up with this? Is there truly no oversight? There is no way he provides value close to his compensation.

Re: Reddit S1

#27
post #21
post #19

Are there any Reddit alternatives these days? Something like HN but more slightly more casual (image/video embeds, subreddits)

Lemmy is the main alternative that isn't computing topics only. The biggest server is https://lemmy.world .

[deleted]

Re: Reddit S1

#28
post #25

Earlier quoted context omitted.

Are you an active user? What was the cutoff threshold for this?

They discuss the Directed Shares Program on page 224. https://www.sec.gov/Archives/edgar/data/1713445/000162828024... Briefly - Users & Moderators will be invited on 6 phased tiers. Accounts created on or before Jan 1st, 2024. T1 - Users identified by us who have made meaninful contribution to Reddit community programs. T2 - 200,000 Karma / 5,000 Mod actions T3 - 100,000 Karma / 2,500 Mod actions T4 - 50,000 Karma /…

Too bad all my old alts either rotated or got hellbanned lol

Re: Reddit S1

#29
post #19

Are there any Reddit alternatives these days? Something like HN but more slightly more casual (image/video embeds, subreddits)

https://headcycle.com

I built it, and it's sort of more like HN or old.reddit.com and has image/video embeds and a lot more...except it also has the chicken and the egg problem : )

Re: Reddit S1

#30
post #26
post #12

CEO total comp of $193m in 2023 is...quite something

For a company that produced negative income, absolutely absurd. Why do investors put up with this? Is there truly no oversight? There is no way he provides value close to his compensation.

He is the co-founder, and he kept the company moving after a huge backlash against the previous CEO. He made some controversial (and bold) decisions like increasing the API price to block out third-party apps, but it seems to work? So yes, he somewhat deserves that compensation.
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