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Reddit Prices IPO at $34 a Share
- downrightmike 3y agoReddit 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?
- simonblack 3y agoHold your money for a month or two longer, and get those shares (If you really insist on having them) at a much lower price.