Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows [Reuters]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Reuters
May 3 (Reuters) - Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday. Those shares were equivalent to 61.5% of the share class, based on a calculation that includes factors such as the right to acquire more shares by exercising stock options and the conversion of Class B shares into Class A shares, according to the filing. Reddit, whose initial public offering in March valued the company at $6.4 billion, will report quarterly results for the first time on Tuesday. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up Reporting by Akash Sriram in Bengaluru and Noel Randewich in Oakland; Editing by Alan Barona Our Standards: Music CEO: TikTok ban a 'blessing in disguise' Meta shares sink on AI costs, wary outlook This robot can predict a smile before it happens What happens next with TikTok in the US? Senate passes $95-bl
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