OpenAI CEO Sam Altman’s stake in Reddit is now worth over a billion dollars thanks to a rally in the company’s stock price after an excellent earnings call.
Altman owns 12.2 million shares of Reddit. With the company’s share price now sitting at $114 a share, that makes Altman’s stake in Reddit worth about $1.4 billion. Reddit shares soared 40% on Wednesday on the back of an earnings report that projected a rosy future. It reported 100 million daily users and had turned a profit for the first time.
