If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
Is it wrong that I really really hope he makes less than $6 million out of this whole deal in the end? It just seems fitting…
Why that amount? I’m guessing I’m missing some backstory.
That’s about how much he got out of selling Reddit to Conde Nast, which he was unhappy about after seeing the hundreds of millions other people got for selling their platforms like Myspace.
Why even that much?