this post was submitted on 24 Feb 2024
1021 points (98.9% liked)

Technology

59709 readers
5673 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 1 year ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
1021
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 9 months ago by L4s to c/technology
197 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
[–] piyuv 6 points 9 months ago* (last edited 9 months ago) (1 children)

Almost always executive compensation is partly stock. That doesn’t change the fact that he was compensated that much. You can’t say Elon Musk isn’t worth 200b$ because it’s not liquid.

[–] Buddahriffic 2 points 9 months ago (1 children)

I mean, you could say that because it's just an estimate of what his assets are worth using the current valuations of his holdings. It's more of a statistical average of what he could be worth then a concrete value. You can't know the actual value unless someone makes an offer and it's accepted. If he's feeling pressure to sell, it will be lower than that. If he isn't, it will be higher than that.

[–] piyuv 3 points 9 months ago

Whole Wall Street is built upon this “estimation” idea. No reason to nitpick about it when it comes to executive compensation.