That’s a deep misunderstanding of how that number came to be. He wasn’t paid 193 millions. He was paid something like 6 millions.
The rest is shares that he got and kept through the whole period. When you setup a company you create a number of shares that founders buy (with most kept on the side for investors). As you grow so do those shares value, and you’re also granted some as bonus/salary/et . At 10B those share are worth 190 millions. If Reddit would be worth 1 billion those shares would be 19 millions.
Basically he owns about 2% of Reddit.
Almost every IPO in history has resulted in a significant drop in value on the first weeks as early investors drop their shares on the market and hype goes down. I would be surprised if Reddit loses half of its value in the first month alone. It is much less bullish than a lot of other recent IPOs.
Neural engines are coming to basically all CPUs. It won’t be long before you can run your own girlfriend offline on your phone. Training the data is the expensive part after all. I can already run basic llama 2B on my iPad, though offloading the software instead of just downloading off the App Store.
I’m fairly sure anyone with a good GPU can also run these, but I haven’t tried.
Companies were doing that with NFTs (which is what you’re describing) but now nobody want to touch an NFT so those companies definitely went bust.
The best case will be companies who can hide the crypto behind the product, like “give us 5$ and we’ll give you 5 read-a-tokens which is totally not crypto btw”. Or wait a couple of years for crypto to come back in vogue.
I think you can charge per article on substack. Not entirely sure though.
Some newspaper charge X$ for Y articles, I think the NYTimes do it or used to. It’s usually a horrible deal compared to monthly subscription, but I think that’s the point.
There is a dating website for millionaires. I wonder how their revenue stream works but they advertise that they don’t accept men under a certain net worth. I guess a high barrier of entry could work for that market.
I think people are confusing centralized with federated. Federation has benefits but Mastodon is not decentralized. There is duplication of data but it’s not the same.
Australia is the 6th largest country in the world. Melbourne has over 5 million people living in it. It’s likely your downtown is smaller than their downtown.
I’ve known quite a few people that were paid under the market value because they liked their job and tasks. I’ve took a salary hit once at the start of my career because I hated my job too much and wanted the job I was interviewing for. Didn’t regret it too. Though two years after I accepted a job at FAANG.
That’s a deep misunderstanding of how that number came to be. He wasn’t paid 193 millions. He was paid something like 6 millions.
The rest is shares that he got and kept through the whole period. When you setup a company you create a number of shares that founders buy (with most kept on the side for investors). As you grow so do those shares value, and you’re also granted some as bonus/salary/et . At 10B those share are worth 190 millions. If Reddit would be worth 1 billion those shares would be 19 millions.
Basically he owns about 2% of Reddit.
Almost every IPO in history has resulted in a significant drop in value on the first weeks as early investors drop their shares on the market and hype goes down. I would be surprised if Reddit loses half of its value in the first month alone. It is much less bullish than a lot of other recent IPOs.