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shitlord
on Feb 23, 2024
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Reddit Files to Go Public, in First Social Media I...
The company actually would have been profitable in 2023 if it didn't pay out >$200M in combined compensation to the CEO and COO.
Edit: cfo -> coo
nabla9
on Feb 24, 2024
[–]
They didn't pay $200M.
They gave stock options. Actual pay is just few million.
shitlord
on Feb 24, 2024
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parent
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These figures are from the S-1 and the compensation includes both stock options + awards.
nabla9
on Feb 24, 2024
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root
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parent
[–]
Yes they are and stock options are almost all of the compensation.
shitlord
on Feb 27, 2024
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root
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Oh, I see what you mean.
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Edit: cfo -> coo