Worse than that:
According to the Fed every job created since 2019 has gone to a foreigner
after the IPO, shareholders extract value not provide it
The total IPO raise was $748 million when including existing shareholder sales, Reddit itself raised approximately $519 million by issuing 15.3 million new shares at $34 each. After fees, Reddit's net proceeds from the IPO were estimated at around $450.9 million.
Reddit was valued at around $6.4 billion based on its total outstanding shares after the IPO.
Huffman still has majority voting power and if the share price holds for one year will get even more Class B shares.
The Fraud Industry
$73,063,156,687 has been lost to hacks, scams, fraud, and other Crypto disasters since January 1, 2021.
thanks for noticing now but
According to the Fed every job created since 2019 has gone to a foreigner
https://scrd.app/17sOj11d4s/