OpenAI's Sam Altman, Condé Nast-parent's Steven Newhouse make hay from Reddit IPO [Seeking Alpha]
Charter Communications, Inc. - Class A (CHTR)
Last charter communications, inc. - class a earnings: 5/1 07:00 am
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Source: Seeking Alpha
for two major investors in the social media platform - OpenAI top boss Sam Altman and Condé Nast-parent's co-president Steven Newhouse. Class A shares of Reddit ( RDDT surged 48.4% in their debut on the New York Stock Exchange on Thursday, closing at $50.44 versus the IPO price of $34/share. They were last down 5.1% in Friday afternoon trade, having earlier fallen below their IPO opening price of $47/share. Following Thursday's advance in RDDT, Altman's stake in Reddit ( RDDT ) increased by ~$200M to $613.3M. Meanwhile, Newhouse's stake ballooned by nearly $700M to $2.13B. According to Reddit's ( RDDT prospectus , Newhouse through Condé Nast-parent Advance Magazine Publishers is one of the company's biggest shareholders, holding a 26.5% stake following the IPO. Advance publishes some of the most well known magazines in the world under Condé Nast, including GQ Vogue and Vanity Fair . Moreover, Advance holds major stakes in Charter Communications ( CHTR ) and Warner Bros. Discov
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News
- Why Charter Communications Stock Sank Today [Yahoo! Finance]Yahoo! Finance
- Charter (CHTR) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Charter (CHTR) Q1 Earnings Miss, Internet Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Charter Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Charter Announces First Quarter 2024 ResultsPR Newswire
CHTR
Earnings
- 4/26/24 - Miss
CHTR
Sec Filings
- 4/26/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 4
- CHTR's page on the SEC website