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As linked in another thread on this story, Sam Altman said this almost 10 years ago when investing in reddit [0]: > First, it’s always bothered me that users c
by Thrymr 3y ago
As linked in another thread on this story, Sam Altman said this almost 10 years ago when investing in reddit [0]:
> First, it’s always bothered me that users create so much of the value of sites like reddit but don’t own any of it. So, the Series B Investors are giving 10% of our shares in this round to the people in the reddit community, and I hope we increase community ownership over time. We have some creative thoughts about the mechanics of this, but it’ll take us awhile to sort through all the issues. If it works as we hope, it’s going to be really cool and hopefully a new way to think about community ownership.
How is that "new way to think about community ownership" going for the reddit contributors?
[0] https://blog.samaltman.com/reddit https://blog.samaltman.com/reddit
- harkinian 3y agoTo answer your question, no it hasn't panned out. Reddit users aren't generally paid for their posts, nor was there any promise that they would be, even from Altman. Is the implication that some people got their hopes up from one investor's opinion on this?