540
submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

Reddit has never turned a profit in nearly 20 years, but filed to go public anyway::Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.

you are viewing a single comment's thread
view the rest of the comments
[-] RedEyeFlightControl@lemmy.world 81 points 9 months ago

Perhaps if the ceo wasn't making like 200m a year, it would show some profits

[-] Lulzagna@lemmy.world 32 points 9 months ago* (last edited 9 months ago)

Not to be that guy, but I think he makes 300k and was given 193m in stock options last year based on some whack evaluation.

Still an utterly insane number, hope they get crushed on the public market

[-] MataVatnik@lemmy.world 22 points 9 months ago

He paid himself 193 mil because he knows its not going to be worth more than 1.93 mil after the IPO.

[-] Speculater@lemmy.world 3 points 9 months ago

I've spent years watching IPOs, it's going to get pumped and then dump after a few months. Anyone shorting it after the first couple of weeks is going to lose their ass.

[-] MataVatnik@lemmy.world 1 points 9 months ago

I can't wait to see how this plays out

[-] ugjka@lemmy.world 17 points 9 months ago

Hollywood accounting tactics probably aswell

this post was submitted on 24 Feb 2024
540 points (97.5% liked)

Technology

59689 readers
2927 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS