Reddit Files to Go Public, in First Social Media IPO in Years

Post by nabla9 » Sat, Feb 24, 2024, 9:15 AM UTC

shitlord wrote: post #11

nabla9 wrote: post #2

Valuation of $5 billion would buy P/S 6.3 with negative P/E for 18 year old non-innovating company that is already in the second phase of enshittification.

The company actually would have been profitable in 2023 if it didn't pay out >$200M in combined compensation to the CEO and COO. Edit: cfo -> coo

Post by nabla9 » Sat, Feb 24, 2024, 3:08 PM UTC

shitlord wrote: post #22

nabla9 wrote: post #21

Earlier quoted context omitted.

They didn't pay $200M. They gave stock options. Actual pay is just few million.

These figures are from the S-1 and the compensation includes both stock options + awards.