Thursday, February 22, 2024


Reddit disclosed some information in its IPO filing that blew my mind.

Revenue in 2023 was $804 million, up 20 percent from 2022.

The CEO and COO were paid $286 million combined.

I've never heard of a company that pays 35% of its revenue to its top two executives.

Everyone is salivating over this IPO. I'm on Reddit at least an hour a day, and certain groups are outstanding. Buying stock in the company was something I considered.

Not after this, though. What a dumpster fire.

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