NEW YORK, Feb 7 (Reuters Breakingviews) - Social media platform Reddit, which helps its users “dive into anything,” may finally plunge into the public markets. The 19-year-old company made over $800 million in sales last year, at least 20% more than in 2022, according to Bloomberg. But a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.
https://www.reuters.com/breakingviews/investors-will-say-ok-boomer-aging-reddit-2024-02-07/
Original link: https://www.reuters.com/breakingviews/investors-will-say-ok-boomer-aging-reddit-2024-02-07/
My math skills aren’t what they used to be, but I see a short-term solution to their profit issues.
Isn’t his comp mostly in stock? So if they cut his salary it wouldn’t really affect the profit margin so much as the valuation of his salary
what do you even fucking do with more than 40m/yr
As Wolf of Wall Street explains, at some level it isn’t even “money” anymore, it’s rather numbers like in a game - the goal being to “win”, e.g. Huffman competing against Musk.
No matter how many salaries of irl people are being affected by their childish tantrums:-(.