this post was submitted on 01 Jul 2023
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Technology
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Let's hope the ipo fails and the c-level staff who thought they were going to be able to buy their mega yachts cry themselves to sleep. After they get the boot, someone could revive reddit into a great service and being used as a scheme to fill bags of money.
Spez is apparently only worth 10 million which is... Shockingly low honestly. Pretty sure someone with a decent plumber business could be worth more than that.
Considering he lives in SF that's quite low. Basically just means he probably doesn't have a mortgage at this point.
I think he's younger than me and I'm happy just to have a positive net worth.
Your above average FAANG engine at his age would have a higher net worth than that. Honestly I think that figure might be too low.
Tbh, every one of these social media IPOs so far has been a bit of a wet fart.