this post was submitted on 24 Feb 2024
1023 points (98.9% liked)

Technology

59106 readers
4574 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
1023
A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. (www.theverge.com)
submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world
194 comments fedilink hide all child comments
 

A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

you are viewing a single comment's thread
view the rest of the comments
[–] homesweethomeMrL@lemmy.world 166 points 8 months ago (3 children)

And while Huffman now thinks that Reddit as a corpus of training data for AI is valuable, he let his board member Sam Altman siphon off Reddit data for free; Altman was, and still is, the CEO of OpenAI. Altman’s also Reddit’s third-largest shareholder and owns more than twice as many shares as Huffman. Altman was the CEO of Reddit for eight days.

Say what now

[–] wjrii@lemmy.world 50 points 8 months ago (1 children)

Huffman also made $193 million bucks, according to the article.

[–] SpaceNoodle@lemmy.world 22 points 8 months ago (6 children)

How much is a dollar buck in USD?

[–] ShepherdPie@midwest.social 18 points 8 months ago

It's equivalent to four quarter dollar bucks.

[–] shasta@lemm.ee 14 points 8 months ago

About 1/10 of a banana

[–] Corkyskog@sh.itjust.works 13 points 8 months ago

1 Buckaroo

[–] dutchkimble@lemy.lol 7 points 8 months ago

It's just shy of a bison dollar

[–] Mastengwe@lemm.ee 5 points 8 months ago

About a hundred Stanley Nickels.

[–] Alexstarfire@lemmy.world 0 points 8 months ago

Same as a bill.

[–] ominouslemon@lemm.ee 27 points 8 months ago

Holy crap I did not know that! This is huge

[–] merc@sh.itjust.works 13 points 8 months ago

Altman was the head of Y-Combinator, Reddit is a Y-Combinator project.