this post was submitted on 24 Feb 2024
1019 points (98.9% liked)

Technology

60101 readers
1860 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 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
1019
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 10 months ago by [email protected] to c/[email protected]
196 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
[–] [email protected] 165 points 10 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

[–] [email protected] 50 points 10 months ago (1 children)

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

[–] [email protected] 21 points 10 months ago (6 children)

How much is a dollar buck in USD?

[–] [email protected] 16 points 10 months ago

It's equivalent to four quarter dollar bucks.

[–] [email protected] 14 points 10 months ago

About 1/10 of a banana

[–] Corkyskog 13 points 10 months ago

1 Buckaroo

[–] [email protected] 7 points 10 months ago

It's just shy of a bison dollar

[–] [email protected] 0 points 10 months ago

Same as a bill.

[–] [email protected] 27 points 10 months ago

Holy crap I did not know that! This is huge

[–] merc 13 points 10 months ago

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