S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11% (Alex Weprin/The Hollywood Reporter)

22
Feb

Alex Weprin / The Hollywood Reporter:

S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11% — As the tech platform prepares for a public offering, it says that most of its revenue is from advertising, but touts artificial intelligence as a growth area.