OpenAI CEO Sam Altman’s stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.
Sam Altman's stake in Reddit is now worth more than $1 billion, based on where the stock is trading after hours.Altman was on the company's board until around January 2022, when Reddit said he had recently stepped down.Altman controls roughly 12.2 million shares of Reddit, a company he first invested in over a decade ago. Reddit sharesAt Reddit's after-hours share price of $98, Altman's holdings are valued at about $1.2 billion.
‘The going rate for my kidney, it's going on the table': How much fans are spending on World Series ticketsTop shareholders were forbidden from selling Reddit shares for six months during the"lockup period," which expired in September. There's no indication that Altman has sold any of his stock.at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and tech companies.
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