this post was submitted on 28 Mar 2025
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The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.

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[–] db2@lemmy.world 404 points 2 months ago (7 children)

Gee, that's too bad. It would be a real shame if that piece of human garbage Steve Huffman lost everything. A crying shame.

[–] ceenote@lemmy.world 184 points 2 months ago (3 children)

Sadly I'm sure he already has a golden parachute prepared.

[–] Diplomjodler3@lemmy.world 166 points 2 months ago (2 children)

They all cashed out after the IPO. They're probably laughing at the bag holders right now.

[–] namingthingsiseasy@programming.dev 39 points 2 months ago (2 children)

There may still be lawsuits, however. There are still many ways that he could lose a lot of what he gained.

[–] db2@lemmy.world 31 points 2 months ago
[–] TheEighthDoctor@lemmy.zip 1 points 2 months ago

I think you mean presidential pardons

[–] Ledericas@lemm.ee 4 points 2 months ago

i remember spez and his c-suites dumped the stock a while ago.

[–] SocialMediaRefugee@lemmy.world 13 points 2 months ago

He'll cry his way to a trophy home and yacht

[–] Cruxifux@feddit.nl 70 points 2 months ago (4 children)

I can’t even think of a time in history where someone was a huge piece of shit in America and “lost everything.” Maybe R Kelley, P Diddy, and Bill Cosby? But only for the time they spent in whatever rich guy jail they got to go to and then they were fine.

[–] TheFeatureCreature@lemmy.ca 68 points 2 months ago (5 children)

Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That's 11 years more than most other rich scumbags get.

[–] billiam0202@lemmy.world 62 points 2 months ago

And that just goes to show:

The only time rich people are held accountable in the US, is when they fuck with other rich people's money.

[–] deranger@sh.itjust.works 33 points 2 months ago (3 children)

The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.

[–] cubism_pitta@lemmy.world 32 points 2 months ago (1 children)

Elizabeth Holmes only got in trouble for lying to people who should've done their "due diligence"

The patients / families of the patients that Theranos lied to and mislead never got justice.

[–] Ledericas@lemm.ee 4 points 2 months ago* (last edited 2 months ago)

i read an article when the theranos sht has been going down, around 2016, look how long it took to charge her. a patient hormone level was higher than normal indicating some form of malignancy, she took chemo only to find out she dint have any. and another indicating her bizarre behaviours too.

[–] metaldream@sopuli.xyz 7 points 2 months ago

Tech execs have absolutely massive egos.

[–] Ledericas@lemm.ee 2 points 2 months ago (1 children)

her pitch was single droplet of blood to diagnosis diseases.

[–] deranger@sh.itjust.works 1 points 2 months ago

I’m aware. I’m also a medical lab scientist and the entire thing screamed bullshit from the start, not necessarily due to the feasibility of testing on small volumes, but things like calibration and quality control.

[–] Viri4thus@feddit.org 14 points 2 months ago

The worst of all this is that from the top of our heads we came up with a woman and three black dudes. Other than Madoff I don't remember any white dude getting any deserved retribution other than the recent United Healthcare CEO.

[–] Cruxifux@feddit.nl 11 points 2 months ago (1 children)

But after that 11 years didn’t she come out of prison still rich?

[–] TheFeatureCreature@lemmy.ca 28 points 2 months ago (2 children)

She went into prison in 2023 so she will be there for a while yet.

I don't think her wealth is known exactly but she and her company lost billions during the scandal.

[–] AbidanYre@lemmy.world 28 points 2 months ago (1 children)

She married a hotel heir, she's still doing fine.

[–] harrys_balzac@lemmy.dbzer0.com 3 points 2 months ago

She was also just on the cover of People or some other such supermarket cash register rag.

[–] Cruxifux@feddit.nl 12 points 2 months ago

I mean she stole from rich people so I hope she’s doing good

[–] Ledericas@lemm.ee 1 points 2 months ago* (last edited 2 months ago)

and not the patients live she ruined, even caused harm to, in one article a patients certain hormones was extremely high , indicative of type of reproductive cancer.

[–] _stranger_@lemmy.world 31 points 2 months ago* (last edited 2 months ago) (2 children)

Madoff died in a jail cell, that's gotta count for something.

[–] Cruxifux@feddit.nl 19 points 2 months ago (1 children)

Yeah that’s cool and good. Same with Epstein.

[–] Telorand@reddthat.com 24 points 2 months ago (2 children)

Except he didn't live long enough to rat anyone out. That's the only downside to that story.

[–] lagoon8622@sh.itjust.works 16 points 2 months ago

He was 100000% assassinated

[–] Ledericas@lemm.ee 2 points 2 months ago

ghislaine is still alive, she isnt talking though.

[–] conditional_soup@lemm.ee 6 points 2 months ago

I shit, I didn't know Madoff died

[–] paulzy@lemmy.world 13 points 2 months ago (1 children)

There is also something about those 3 people I can’t put my finger on….

[–] Cruxifux@feddit.nl 8 points 2 months ago

lol that was my immediate thought too. But I didn’t want to bring it up because even with the racist implications those guys all definitely suck and should be in prison.

[–] lobut@lemmy.ca 6 points 2 months ago* (last edited 2 months ago) (1 children)

I don't know if Sam Bankman-Fried is a huge piece of shit. He's definitely a liar and a scammer though. But he was like rich as anything and then lost it all. Now he's trying to curry favour with Trump to get out of jail.

[–] masterofn001@lemmy.ca 11 points 2 months ago

If anyone is trying to gain favor from trump that's enough to tell me about their character.

Also, yes sbf is a huge piece of shit.

Greedy pigboy flew too close to the sun.

[–] Viri4thus@feddit.org 5 points 2 months ago

I too want to board the schadenfreude train. Choo choo. Fuck u/spez

[–] brucethemoose@lemmy.world 4 points 2 months ago

He will exit filthy rich way before that. That’s the point.

[–] MisterFrog@lemmy.world 2 points 2 months ago

Would he not have already sold most when they went public?