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Reddit S1

sec.gov

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Re: Reddit S1

#51

Post by Lammy »

> Our approach to content moderation inherently subjects us to numerous risks, including that we may: [...] be unable to retain a sufficient number of volunteer moderators

> Communities are created and led by Redditors who we call moderators, volunteers who are motivated by their passion for a given topic or idea. Moderators are not employees of Reddit.

They do it for free

Re: Reddit S1

#52

Post by shiitaco »

maxilevi wrote: post #42
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

Yeah that sounds sustainable

Re: Reddit S1

#53

Post by consumer451 »

DeRock wrote: post #26
avnfish wrote: 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.

It is ridiculous, but devil's advocate: let's say the board told you that you needed to make very unpopular decisions and will be hated by millions of people for the favor.

How much would you ask for?

Re: Reddit S1

#54

Post by davien »

CamelCaseName wrote: post #7
minimaxir wrote: post #2

The milestone timeline is oddly underwhelming. Both it and the letter from Steve Huffman emphasize the /r/WallStreetBets frenzy as evidence of Reddit popularity, which is ironic because a) it died out as quickly as it rose, as noted in Risk Factors and b) reminding the SEC that your platform was used for market manipulation in your S-1 is kinda funny. Funniest line: > Revenue from Reddit Gold and Collectible Avatars…

I saw WSB hit 60,000 concurrent users watching the Nvidia earnings yesterday

Those numbers are inflated. I modded a smaller sub than WSB (still in the millions), went private during the API protests, and it consistently showed hundreds of CCUs when I was tooling with the sub.

Re: Reddit S1

#55

Post by sagman »

Expect them to announce accounts requiring email/ phone associated with it and non-signed-in users having limited viewing capabilities. Also bye-bye old(.)reddit(.)com

Re: Reddit S1

#56

Post by JayPalm »

artninja1988 wrote: post #35
Havoc wrote: post #33

I was expecting this to be thin but not that thin. They list three pillars for financial. 1) Ads - which they've already done so priced in 2) Data - like the google deal they announced today with google for 60m. 3) User economy that includes "Commerce ecosystem" and brace yourself: >Reddit Avatars as non-fungible tokens on the blockchain; That really looks like an all-or-nothing bet on their dataset being valuable fo…

Google really should not have paid reddit to train on reddits users data. This sets a dangerous precedent

They should have just bought the entire business for $3B. Would be chump change for them.

Re: Reddit S1

#57

Post by diox8tony »

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 /…

Is there a price listed anywhere? thats all i care about finding out
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