Nineteen years since its founding, the social media site is finally going public.

Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year::Nineteen years since its founding, the social media site is finally going public.

  • Faceman🇦🇺English
    5•9 months ago

    Sure, but the stock is illiquid until after the IPO, and its current value is only based on the value estimate given for the purpose of the IPO.

    He will still make bank unfortunately, but its not unusual for new IPOs to give stock options to CEOs with ridiculous values that don’t really mean anything until the stock is publicly trading and a true value is established by the market.

    • @krashmoEnglish
      35•9 months ago

      The fact that this is a common occurrence in our capitalist society in no way invalidates the fact that it’s complete and utter horseshit.