Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.
Because they have. A ton - they paid Spez almost $200 million last year. But when you invest, spend, or pay out all of the money you get, on your tax sheet it says you didn’t make any profit, because you don’t have any excess money.
Because the Spez era has been marked by cutting off every avenue of revenue. Secret Santa? Gone. Ads? Not maturing enough. Mod tools? Never happened and created a boiling pot of user hostility that culminated in the API Pricing.
How can something exist if they haven’t made money in 20 years?
How.much debt does the company have that shareholders will be buying into.
Because they have. A ton - they paid Spez almost $200 million last year. But when you invest, spend, or pay out all of the money you get, on your tax sheet it says you didn’t make any profit, because you don’t have any excess money.
They didn’t pay him that. It was $450,000 and $800,000 the year before with bonuses.
The $193M figure are his share options.
Because the Spez era has been marked by cutting off every avenue of revenue. Secret Santa? Gone. Ads? Not maturing enough. Mod tools? Never happened and created a boiling pot of user hostility that culminated in the API Pricing.