Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway | CNN Business
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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.
JohnEdwa
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Because they have. A ton - they paid Spez almost $200 million last year. But when you invest, spend, or pay out all of the money you get, on your tax sheet it says you didn’t make any profit, because you don’t have any excess money.

They didn’t pay him that. It was $450,000 and $800,000 the year before with bonuses.

The $193M figure are his share options.

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