Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.
Why would there be any fraud? His salary is approved by the board that represents the current shareholders.
It’s also not particularly surprising on account of there being plenty of VC-subsidised companies that never turned a profit, had high salaries for their executives and then IPO’d.
If your question is moreso on the absurdities of capitalism, then that’s another discussion entirely, but I feel it’s important to note that this is nothing out of the ordinary.
Why would there be any fraud? His salary is approved by the board that represents the current shareholders.
It’s also not particularly surprising on account of there being plenty of VC-subsidised companies that never turned a profit, had high salaries for their executives and then IPO’d.
If your question is moreso on the absurdities of capitalism, then that’s another discussion entirely, but I feel it’s important to note that this is nothing out of the ordinary.