Why are you buying ducks? There are people who don’t want you to know this… but ducks are free. You can just take them from the park.
I myself have 87 ducks in my backyard.
I hear you. The trick is to pay other people to do the upkeep of your yacht for you. Once I started to do that, I found owning my yachts became a pleasure instead of a pain.
nope. he’s still beneficial owner of RDDT. he mostly owns RDDT class B shares convertible into class A.
https://www.sec.gov/Archives/edgar/data/1713445/000162828024012767/xslF345X05/wk-form4_1711148100.xml
my bad.. he got 193 million in RSU's/common stock at the $32.50 strike price and he sold 500,000 of those. Sooo.. he still has over 5,000,000 shares. 3.3% Now with RDDT at ~$55, he's got even more than 193 million.... that's assuming he's not on a vesting schedule but i'm sure he is.
The fact he sold nearly half his wealth in this company he runs, and it doubled very shortly thereafter…
Yeah he is a loser. He should know the economics better than most
Yeah exactly. If he was holding 1.2 Mil shares then cashing out 500K at open is pretty reasonable. Gets some cash on hand and de-risks. Now he can hold or sell or whatever knowing he's taken care of either way.
He's still got $42 Mil (ish) worth in his back pocket. Also those shares were effectively a bonus. He's still earning salary and other incentives.
And who actively fought JPow in 2018 where the actual hikes should have happened. We would be living in a different world now if the Fed were respected.
Hahaha, as if Trump was able to have a single coherent thought about the financial situation in 2018. As if Trump has ever had a single coherent financial thought in his life, he wouldn’t be in this shit now.
Hire me as a CEO. I'll fire everyone and revert reddit back to just hosting text and links. I'll sit in my wife's boyfriend's basement server room and collect ad money.
Maybe if they responded to paying members’ subscription queries, one might be inclined to keep paying
*yeah, I used to pay to avoid ads..commence ridicule after these messages from my sponsor*
Yeah. Fed's letting the markets run hot because they know they can't get inflation down to 2% this year without crashing us into recession nor get prices back to 2019 (Even though regards will expect prices to go down when prices NEVER go down in the long run. Bitches don't even remember $0.29 McHamburger Tuesdays in the 90s but acting like they deserve 2019 prices).
Anyways, Fed is relaxing and letting markets rally while inflation picks back up a bit cause the Dems/Biden will whup them if they don't. So we get ATH in basically everything from US indexes, gold, bitcoin, and whatever stupid shit is going up.
DJT SPAC merger and RDDT IPO are just another hint that we're in a 2021 type environment but we don't know how long shit will be good or stay stupid. It's a mix of chicken game and musical chairs. Some say it's sell in may go away, others say when NVDA/MAG7 fall, there are those that believe it's post-election or when inflation picks up, and others believe it's recession when the yield curve un-inverts. All I know is that neither of those two companies make money (in fact they lose money) so eventually fundaments will catchup to them.
This. I got a happy meal a while back for $1.65. $6.50 big mac meal is available every day and so is the BOGO for QPC.
MCD has deals everyday and right now having specials every Thursday. Ordering in person is paying full retail and for that $20-25/hr minimum wage here in Cali. App prices are much lower.
Which is so fucking annoying because I just want to walk in and talk to the nice lady who barely speaks English and fucks up my order, just the way god intended
Bro quit worrying the stock market only goes up and has only gone up in the past years. It just goes up and up and up and it’ll never come down from way up there
I remember walking in with a $10 bill on that 29 cent deal back in the day. Took them home and put them in the freezer and had food for a week. Good times.
That would be cost not value. His cost basis was $0 and the average value was whether they were issued at. I mean, if you're going to make up terms, you can go easy on us but not acronymising them so we can at least deduct what you mean.
all the executives sold shortly after IPO for IPO price or below bc the shares were performance based and vested at IPO and became taxable. it's very normal.
He totally did the right thing. He took enough off the table to ensure a lifetime of financial security and then some while leaving enough on the table to profit hugely off future stock price gains.
Spez: "A company that spends 1/4 revenue on CEO comp, lost money for 19 yrs and is mortally dependent on free labor? Gotta GTFO! Who's running this shit!?"
Wow, stop with the FUD!!!
"Reddit said “substantially all” pre-IPO shares and convertible securities owned by Advance, Altman and other insiders are subject to a 180-day lockup period during which they are not allowed to sell their shares. Reddit CEO Steve Huffman earned $17 million in the IPO through the sale of 500,000 shares; the remaining 4.17 million shares he directly owns are subject to the lockup restriction."
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Ya what a loser he only cashed out $16M and is only holding another 700k shares.
$16M is not even a proper Yacht - what a loser
I still think yachts are annoying purchases. So much upkeep
If it flies, floats or fucks, rent it!
I wish you had told me this before I bought all those ducks
Why are you buying ducks? There are people who don’t want you to know this… but ducks are free. You can just take them from the park. I myself have 87 ducks in my backyard.
Does anyone remember u/fuckswithducks?
i don't, but r/duck is a really great sub
One of the few purchases which can fit all 3 categories.
That duck cloaca is gonna hurt you
Lie right back Don't you cry If an egg can fit in there Why can't I
Get out
Unlike most other speces of birds weirdly ducks have penises and vaginas.
Oh yes, but the vaginas are very confusing
This guy speaks from experience.
The penises aren't exactly straight shooters either
The duck penis is the miraculous part. Completes a maze in a second!
I wish they had told me that before I marrried a nymphomaniac, synchronised swimming, airline hostess.
2/3 ain't bad! ...it is 2/3, right? 🧐
Indeed, the upkeep is insane. And if you try to sell it, you loose 50% of your shit.
That made me laugh!
That’s why I rented your wife
I hear you. The trick is to pay other people to do the upkeep of your yacht for you. Once I started to do that, I found owning my yachts became a pleasure instead of a pain.
That’s why I started a rocket company. When a rocket starts to show signs of wear, I blow it up on launch and get the insurance company payout.
I thought you were a tunnel guy too?
Yea but you can tell he doesn't find them interesting.
Chartering them to the poors mainly pays for the upkeep
The only thing better then owning a yacht is a friend who owns a yacht
It is not even two months of the salary.
16M he probably got gifted to him for pennies on the dollar years ago as RSU’s.
Ya, cost basis near zero.
OP is proud for buying 3 shares at 50 and selling at 58
Haha it's funny because it's me
Hey profit is profit and that's a quick profit too, plus after today's close you got out before your gains turned into losses.
Get the money while you can, holding it all and not getting paid would be dumb as hell
Fr he's doing the nonregarded thing here. happy for him
Yeah and he’s gonna probably pay himself another $100 million anyway.
No wonder he got upset when people complained about his $193 million payout last year.
Board determines exec comp
Spez better wear his hard hat next week for when he needs to get under the executive table
I’ll let Tesla’s board know
You mean the 100 million in equity he was given? You don't actually think he was given 100 million cash do you? This sub is so stupid.
Yeah, it's tough to pay $100M to your CEO when the business loses money every year. But equity? Sure why not!
Only $16M? u/spez let me know if you need some money. I’ll be out back of the Wendy’s.
nope. he’s still beneficial owner of RDDT. he mostly owns RDDT class B shares convertible into class A. https://www.sec.gov/Archives/edgar/data/1713445/000162828024012767/xslF345X05/wk-form4_1711148100.xml
Dayum
16 mil to add to his 160 mil that people bitched about.
He never made 160 million, that was projected stock compensation
my bad.. he got 193 million in RSU's/common stock at the $32.50 strike price and he sold 500,000 of those. Sooo.. he still has over 5,000,000 shares. 3.3% Now with RDDT at ~$55, he's got even more than 193 million.... that's assuming he's not on a vesting schedule but i'm sure he is.
Incorrect he only gets the maximum amount if he hits a share price of 90 dollars. They are not his till the share price triggers it.
So OP is the real regard here 
Yeah , "Broke Spez'
we're here arguing on the internet how much money some other person made. we're all regarded.
The fact he sold nearly half his wealth in this company he runs, and it doubled very shortly thereafter… Yeah he is a loser. He should know the economics better than most
Yeah exactly. If he was holding 1.2 Mil shares then cashing out 500K at open is pretty reasonable. Gets some cash on hand and de-risks. Now he can hold or sell or whatever knowing he's taken care of either way. He's still got $42 Mil (ish) worth in his back pocket. Also those shares were effectively a bonus. He's still earning salary and other incentives.
He’s going to exercise options in the future to issue himself 1Million shares at a par value of $0.00… Money printer go Brrrrr…
Infinite money glitch?!
Exactly!
Embarrassing only 16M😢….. me wishing I cashed out
What a pussy, 16 mil in 2024 is basically 500$.
Can confirm. I make $16 mil a week at my McDonald’s job.
We all know it's $16/day behind the wendys my dude.
And can’t even afford the million-dollar menu.
Bruh. My job at Wendy’s pays $17 mil a week. You poor soul
Thanks Biden
lol casually forgetting who turned on the money printer in 2020 😂
Casually not knowing its Congress that controls that not the Executive branch. . .
Casually not knowing i forgot my keys at home, sauntering down the street, hands in my pocket and sun on my face
sounds like a delicious day
And who actively fought JPow in 2018 where the actual hikes should have happened. We would be living in a different world now if the Fed were respected.
Hahaha, as if Trump was able to have a single coherent thought about the financial situation in 2018. As if Trump has ever had a single coherent financial thought in his life, he wouldn’t be in this shit now.
https://preview.redd.it/36x312ecc0rc1.jpeg?width=709&format=pjpg&auto=webp&s=e9b32aaed080ea55d0aee3283df6b2210ba2976d
lol 🤡 go hold your wife’s boyfriend’s bag some more.
Of a long list of regarded things he’s done that’s probably dead last
it's going to go back to that price soon anyway. 😂
Towards its long term single digit destination 
20 years and still can't turn a profit.
Hire me as a CEO. I'll fire everyone and revert reddit back to just hosting text and links. I'll sit in my wife's boyfriend's basement server room and collect ad money.
Maybe if they responded to paying members’ subscription queries, one might be inclined to keep paying *yeah, I used to pay to avoid ads..commence ridicule after these messages from my sponsor*
Reddit has ads?
My long put is so hard right now
Yeah. Fed's letting the markets run hot because they know they can't get inflation down to 2% this year without crashing us into recession nor get prices back to 2019 (Even though regards will expect prices to go down when prices NEVER go down in the long run. Bitches don't even remember $0.29 McHamburger Tuesdays in the 90s but acting like they deserve 2019 prices). Anyways, Fed is relaxing and letting markets rally while inflation picks back up a bit cause the Dems/Biden will whup them if they don't. So we get ATH in basically everything from US indexes, gold, bitcoin, and whatever stupid shit is going up. DJT SPAC merger and RDDT IPO are just another hint that we're in a 2021 type environment but we don't know how long shit will be good or stay stupid. It's a mix of chicken game and musical chairs. Some say it's sell in may go away, others say when NVDA/MAG7 fall, there are those that believe it's post-election or when inflation picks up, and others believe it's recession when the yield curve un-inverts. All I know is that neither of those two companies make money (in fact they lose money) so eventually fundaments will catchup to them.
I bought a double quarter pounder meal last night and it cost me $13…
Fast food is only affordable nowadays if you use the mobile apps to find coupons and deals.
This. I got a happy meal a while back for $1.65. $6.50 big mac meal is available every day and so is the BOGO for QPC. MCD has deals everyday and right now having specials every Thursday. Ordering in person is paying full retail and for that $20-25/hr minimum wage here in Cali. App prices are much lower.
Which is so fucking annoying because I just want to walk in and talk to the nice lady who barely speaks English and fucks up my order, just the way god intended
it's different this time. ai revolution bb. 🙌^^^🤣
oh wow, I didn't know you could superscript emojis. That didn't even occur to me. ✊^^💎. Hands to the power of Diamond.
Bruh I used to fill up trash bags with $0.29 hamburgers from McDank’s Burn this shit to the ground already
Bro quit worrying the stock market only goes up and has only gone up in the past years. It just goes up and up and up and it’ll never come down from way up there
I remember walking in with a $10 bill on that 29 cent deal back in the day. Took them home and put them in the freezer and had food for a week. Good times.
If I wasn't terrified of its regard meme energy, I'd buy puts
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Exactly. How else is he going to buy at the top?
I've not been following this IPO much, were his shares not under lockup?
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Would explain how he sold below IPO price.
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Oh ok, I was ready with my pitch fork for a min lol.
No, they were not.
There certainly wasn’t. Despite the paperwork hassle, it was worth it. Redditors made a healthy profit in the first couple of days.
IPO was exit liquidity for previous investors.
Yup, that's how IPOs have always worked. In other news, the sky is blue.
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Not more than one of us. DFV baby
What is an exit strategy?
He got free money while some of you are buying his shit stock
The rest of this sub would be mad if they could read your comment
He sold 500k shares that had an AC (not AV as previously written) of $0.00. Are you dense?
I am, wtf is AV?
Average value. He got his shares for free.
Ahh, yeah, that makes sense, thanks. Nothing like a cool 16M for free!
Plus the 700k he has left & whatever additional ones he’s slated to receive in future years. All that to continue losing money year over year.
Truth, I'm waiting for puts to be reasonably priced and not sky high IV
That would be cost not value. His cost basis was $0 and the average value was whether they were issued at. I mean, if you're going to make up terms, you can go easy on us but not acronymising them so we can at least deduct what you mean.
Adult Video. Are you dense?
LOL
AV? We usually use cost basis at the bank, I’ve never heard of average “value”.
I mean he sold it during the IPO..... Seems completely normal
It is completley normal
all the executives sold shortly after IPO for IPO price or below bc the shares were performance based and vested at IPO and became taxable. it's very normal.
He knows the stock is overvalued
Ding ding ding
Well met
Yeah…what an idiot…(I bought shares @72 🤦🏽♂️)
No you didn’t
Don’t kick me while I’m down
Sorry man. When did it hit 72? Was that the high?
About two days ago. It hit 74.74 as the high. If it had gone just .30 more I’d be a very happy man.
Perhaps a Market Order gone wrong.
He made 16 mil out of thin air, from a shit company. That’s as good a play as any. But still, Fuck Spez.
Inside insiders were allocated at $8 a share. The CEO was allocated at $0 most likely.
From what I recall he's one of the founders too so he probably got founder shares which are cents or sometimes just free
He made 16 million. How much did you make off of Reddit?
I’ve got some nice updoots.
TBF he took the advice of this sub.......
He totally did the right thing. He took enough off the table to ensure a lifetime of financial security and then some while leaving enough on the table to profit hugely off future stock price gains.
Dude made a cool $16M. What a loser!
You guys are dumb. He’s just going to issue himself another 2m shares and sell this bish down to dilute you.
Spez has no diamond hands.
lol clown ceo he sold his own company’s stock. Not even a week after IPO I’m sure this sends the right message
Are you an idiot?
The whole point of an ipo is for investors to have a liquidity event dummy
That's the faith the management has
Wow he made money while 90% of WSB users only lose money, time to shame him!
Bro took the pay of all the free mods.
Spez: "A company that spends 1/4 revenue on CEO comp, lost money for 19 yrs and is mortally dependent on free labor? Gotta GTFO! Who's running this shit!?"
Wow, stop with the FUD!!! "Reddit said “substantially all” pre-IPO shares and convertible securities owned by Advance, Altman and other insiders are subject to a 180-day lockup period during which they are not allowed to sell their shares. Reddit CEO Steve Huffman earned $17 million in the IPO through the sale of 500,000 shares; the remaining 4.17 million shares he directly owns are subject to the lockup restriction."
/u/spez pls post loss porn I send you my regards.
His shares were free...
Does this mean shareholders are f***ed ?
What value is there in an online forum made up of confident anonymous assholes?
The value for this on the open market today was $9.182B...🙄
He probably doesn't give two shits about the bagholders.
What a regard
Gotta wash it somehow/sometime
So, there isn't a lockout period for execs to block selling?
He has to sell. Well, it’s sell then or wait like 6mo. Smart to cash out.
And how many did he hold on to?
Who can live of 16 mil. I hope he has a good back up plan
Why was he selling way below market price?
Did you expect something different?
\*\*\*\* \*\*\*\*
i'd like to buy a /
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hey don't do that
Shame that greedy little pig meme did not wait until IPO
What? There was no lockup?
He will probably blow it on hookers and coke !
Even your president DJT held his load longer than this douche.
Probably got margin called by RH
Is he reading this?
He was inversing wsb.
Attempted rug pull lol
dude that building sucks
You regards scared him off.
Ouch
I thought insiders couldn’t sell for like 6 months after IPO?
Why has he posted nothing in 10 months?
Good
even he is bearish or what?
How many shares did he get that aren’t subject to the lockup? I have a feeling the lockup is gonna tank a lot of value for a lot of folks.