Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman.
AdvertisementLast week, not long after Reddit made moves toward a public listing, headlines began to appear about an unexpected figure: Sam Altman.
For example, Hydrazine Capital II is listed as owning nearly 9.9 million shares of Reddit.
But Altman, at most, owns 5% of Hydrazine Capital II's holdings, or 492,720 of its Reddit shares.
AdvertisementThe various entities point to a side of Altman — Altman the investor — that has receded from view since he has become known to the public as OpenAI's CEO.
Persons:
Reddit, Sam Altman, Altman, —, tech's, Reddit's, that's, he's, Chris Harvey, Altman — Altman, ADVs, Peter Thiel, Cruise, Steve Huffman, Alexis Ohanian
Organizations:
Service, Business, Securities and Exchange Commission, Harvey, Apollo, Apollo Projects, SPV, SEC, Investors, University of Michigan, Helion Energy, Facebook, Google
Locations:
Altman