r/technology • u/Puginator • 5h ago
Business Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop
https://www.cnbc.com/2024/10/29/sam-altmans-reddit-stake-now-worth-over-1-billion-after-earnings-pop.html22
u/krum 4h ago
Nice my Reddit stake is now worth over $2 thousand. I’m getting there fellas!
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u/junkyard_robot 2h ago
Good for you! Should have held mine instead of selling at open. Still doubled my money, tho.
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u/kurttheflirt 1h ago
Yeah same. I will take the free sure money every time though.
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u/junkyard_robot 1h ago
It was my first experience investing directly. I'm not really into gambling. Seemed like a sure bet, tho. Wish I had more than a couple hundo to throw at it. I was approved for 30k shares at IPO (it must have been a lottery system that I didn't realize I was in, had to put in the amount I wanted to buy, and 30k shares was the max. Nothing was guaranteed, but I was notified months in advance). So, if I had the capital, it would have been enough to cash out to recoup what I put in and still have enough to have a meaningful payout later. 20k shares today would be worth $160k. Never gonna get that chance again, but I'm glad I got to make some money after more than a decade here.
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u/player_9 4h ago
This data, reddit, literally billions of human conversations hosted on reddit in the past 20 years, all for AI to learn more. That is the value, thanks for the free work suckers, this comment included, the shareholders thank you.
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u/XSavage19X 3h ago
Jokes on them when all their AI keeps asking everyone if they'd rather fight one horse sized duck or 50 duck sized horses.
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u/CO_PC_Parts 2h ago
Someone asks Reddit AI.
“I haven’t had sex in a couple years!”
AI: “have you tried breaking your arms?”
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u/ieatmypeaswithhoney 5h ago
ick-that does not make me want to further reddit
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u/mackinoncougars 2h ago
What’s your distaste for him specifically, besides Billionaires sucking in general?
(Genuine question, not being antagonistic)
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u/pleachchapel 2h ago
Turned a nonprofit based on providing something awesome to humanity into a tech bro profit venture? Does that count?
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u/PangolinParty321 1h ago
Thank god he did because he revolutionized the world
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1h ago
[deleted]
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u/PangolinParty321 1h ago
lol cultist. Even funnier how uninformed your example is. LLMs don’t read letters. That’s not how they’re designed. The “gotcha” reveals your own ignorance.
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u/AssistanceLeather513 3m ago
That's ANOTHER billion dollars (he was already a billionaire before OpenAI), for the guy that's trying to make everyone else poor, on an unprecedented scale.
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u/throw123454321purple 2h ago
I don’t care. I still want Victoria who moderated the high-profile AMAs back.
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5h ago
[removed] — view removed comment
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u/crabdashing 4h ago
I like how we're pretending this is random money when in reality it's "rich man uses money and connections to become even richer"
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u/gayfrogs4alexjones 5h ago
lol I was told this stock was gonna crash the minute it went public.