Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop
Publishing timestamp: 2024-10-29 21:20:48
Summary
Sam Altman's stake in Reddit is now worth over $1 billion, making him one of the largest shareholders. Reddit's shares surged after reporting positive quarterly results. Altman's investment portfolio includes other successful companies like Airbnb and Uber. OpenAI, where Altman is CEO, recently closed a funding round at a valuation of $157 billion.
Sentiment: POSITIVE
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Keywords: microsoft corp, generative ai, breaking news: technology, artificial intelligence, business news, technology, reddit inc,