Sam Altman's Reddit stake worth over $600 million after first day pop on NYSE
Publishing timestamp: 2024-03-21 18:13:51
Summary
OpenAI CEO Sam Altman saw his stake in Reddit increase by $200 million to over $613 million after the company's stock jumped 48% in its New York Stock Exchange debut. Altman, a major shareholder in Reddit, is restricted from selling shares for six months. Despite controversies at OpenAI, Altman remains committed to his role for the love of it, not for the money.
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Keywords: breaking news: technology, reddit inc, social media, technology, tencent holdings ltd, asana inc, sam altman, uber technologies inc, instacart (maplebear inc), business, airbnb inc, business news,