Reddit IPO: OpenAI CEO Sam Altman among top stakeholders

02/23/2024 23:06
Reddit IPO: OpenAI CEO Sam Altman among top stakeholders

Reddit's IPO filing — which sets up the social media platform for a late-March debut — revealed OpenAI CEO Sam Altman to be the site's third-largest shareholder, controlling an 8.7% stake. Yahoo Finance Live co-hosts Brad Smith and Seana Smith touch on the role artificial intelligence may have for the platform based on Altman's presence, as well as Reddit's profitability outlook. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

Reddit's IPO filing — which sets up the social media platform for a late-March debut — revealed OpenAI CEO Sam Altman to be the site's third-largest shareholder, controlling an 8.7% stake. Yahoo Finance Live co-hosts Brad Smith and Seana Smith touch on the role artificial intelligence may have for the platform based on Altman's presence, as well as Reddit's profitability outlook.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

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