this post was submitted on 23 Feb 2024
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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b... (www.npr.org)
submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b...::undefined

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[โ€“] danielbln@lemmy.world 6 points 9 months ago* (last edited 9 months ago) (1 children)

Are you asking why stock of a single company is different from "stock" of the richest country and only superpower on earth?

Also, money is liquid, can be spent immediately. Stock is not liquid, it has to be traded, vested, etc. and given enough stock will tank yje value if too much of it is liquified at once.

[โ€“] maynarkh@feddit.nl 6 points 9 months ago

Yeah, they don't sell it or trade it usually, they use it as collateral for loans in cash.