IPO: initial public offering. Means when a private business goes public (and is therefore able to be traded on the stock market). The CEO loses a lot of their stock during the process, so it’s in the CEO’s best interest to rugpull as hard as possible during an IPO so that they can cash out.
thats what spez did with REDDIT, he made hundreds of millions as soon IPO happened, now he needs to keep afloat long enough to be an entrenched propaganda machine, while still earning from advertisements, or funding by propaganda groups.
IPO: initial public offering. Means when a private business goes public (and is therefore able to be traded on the stock market). The CEO loses a lot of their stock during the process, so it’s in the CEO’s best interest to rugpull as hard as possible during an IPO so that they can cash out.
thats what spez did with REDDIT, he made hundreds of millions as soon IPO happened, now he needs to keep afloat long enough to be an entrenched propaganda machine, while still earning from advertisements, or funding by propaganda groups.