@db2@lemmy.one
@db2@lemmy.world
@db2@sopuli.xyz

  • 11 Posts
  • 606 Comments
Joined 1 year ago
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Cake day: July 29th, 2023

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  • Owners:

    Advance Publications (30%)
    Tencent (11%)
    Sam Altman (9%)

    Conde hasn’t owned reddit in a while. I assume the remaining percent is the parent company Reddit Inc or stock options or something. Let’s see what that’s worth:

    Operating income −US$140 million
    Net income −US$90.8 million
    Total equity −US$413 million

    Yes those are all negative numbers. Why anyone with at least two functioning brain cells who isn’t also a greedy little pigboy would touch reddit stock with a ten foot pole is baffling.