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Reddit S1

sec.gov

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41–50 of 58 posts

Re: Reddit S1

#41

Post by rospaya »

goles wrote: post #25
CamelCaseName wrote: post #9

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 /…

15yr club, 90k karma, former mod of a 200k sub - no stocks for me. Then again I've grown to despise reddit and whatever I contributed.

Re: Reddit S1

#42

Post by maxilevi »

mindcandy wrote: post #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!

Most of the compensation is in stock awards not cash

Re: Reddit S1

#43

Post by mdotk »

mindcandy wrote: post #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!

It's not cash comp. He got $792K cash.

Re: Reddit S1

#44

Post by ravetcofx »

brrrrrm wrote: post #19

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

Tildes.net, I think it's still invite only, but it's my second or third go to Lemmy and hacker news

Re: Reddit S1

#45

Post by gotmedium »

it feels i’m re-reading part of wework first S-1:

“Similar to how cities are made from cement and steel, but are really built by their citizens, Reddit is made from code and algorithms, but is really built by our users”

“We see a spirit of entrepreneurship among Redditors, who are constantly pushing the boundaries of what Reddit can be used for. To support their creativity, we are developing new ways to earn money on Reddit. We have enabled artistic users to earn millions creating avatars”

Re: Reddit S1

#46

Post by heyoni »

gotmedium wrote: post #45

it feels i’m re-reading part of wework first S-1: “Similar to how cities are made from cement and steel, but are really built by their citizens, Reddit is made from code and algorithms, but is really built by our users” “We see a spirit of entrepreneurship among Redditors, who are constantly pushing the boundaries of what Reddit can be used for. To support their creativity, we are developing new ways to earn money on…

As long as they’re not using third party apps and clicking multiple times per thread to expand the comments section by 3 new comments with a potential break for ads.

Re: Reddit S1

#47

Post by dbg31415 »

xuancanh wrote: post #30
DeRock wrote: post #26

Earlier quoted context omitted.

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.

Horrible decisions to kill 3rd party apps instead of buying them and having Apollo dev redesign the junky Reddit app.

Re: Reddit S1

#48

Post by calf »

rospaya wrote: post #41
goles wrote: post #25

Earlier quoted context omitted.

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 /…

15yr club, 90k karma, former mod of a 200k sub - no stocks for me. Then again I've grown to despise reddit and whatever I contributed.

I'm 17yr club casual redditor, I just comment without regard to karma or anything like that.

Re: Reddit S1

#49

Post by toomuchtodo »

oliwarner wrote: post #39
xuancanh wrote: post #30

Earlier quoted context omitted.

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.

They could have paid me $10m, given everyone a $50k bonus for the crap, and been profitable. CEO remuneration is out of control when somebody can perform such a beige list of acts and be treated like the Messiah. Mozilla is in the same boat. Such poor value for money.

At least when they’re public someone can buy a few shares to get standing and file a securities civil suit to attempt to rein it in.
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