Remember when Spez said it was “It’s time we grow up and behave like an adult company”? Apparently, that means paying himself $193 million and single-handedly tanking Reddit’s profitability right b…::undefined

  • dhork@lemmy.worldEnglish
    0·
    9 months ago

    Stocks and options that he’s about to unload in the open market, assuming they will be vested. I think that’s the real reason why they are opening up the IPO to Redditors. They want a fair amount of the stock - but not too much! - sold to people with an emotional attachment to it, who won’t get in the way of their selling.

    Note the Trump people playing the same exact game with DWAC.