Reddit is a lemon.
"Some invitees say they’re worried about the company’s financial situation. Reddit recorded a net loss of $90.8 million last year, an improvement from 2022, when its deficit came it at $158.6 million. The company said in its prospectus that it’s racked up a cumulative loss of $716.6 million."
Reddit's CEO and COO made $193M and $93M in 2023 but their CFO "only" made $6.6M
So if you eliminate the CEO and COO, they have a profitable business. Given those two have tried to kill the community over and again, why keep them?
Reddit's CEO and COO made $193M and $93M in 2023 but their CFO "only" made $6.6M
So if you eliminate the CEO and COO, they have a profitable business. Given those two have tried to kill the community over and again, why keep them?