this post was submitted on 26 Dec 2023
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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO (www.theinformation.com)
submitted 11 months ago by return2ozma@lemmy.world to c/technology@lemmy.world
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[โ€“] porksoda@lemmy.world 7 points 11 months ago (1 children)

$6 million

Why that amount? I'm guessing I'm missing some backstory.

[โ€“] Bonehead@kbin.social 11 points 11 months ago

That's about how much he got out of selling Reddit to Conde Nast, which he was unhappy about after seeing the hundreds of millions other people got for selling their platforms like Myspace.