Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway : reddit

this post was submitted on 24 Feb 2024

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submitted 7 months ago by ZeroCool@slrpnk.net to c/reddit@lemmy.ml

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[–] Mkengine@feddit.de 3 points 7 months ago (1 children)

Could you elaborate on that for someone who has no clue about stock market stuff?

[–] kandoh@reddthat.com 3 points 7 months ago

He's mostly being paid in something that has potential value that he won't be allowed to sell in large enough quantities to have any real value.