• GregorGizeh@lemmy.zip
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    8 months ago

    More specifically, Reddit notes in its S-1 that, as an emerging growth company, it will:

    • present only two years of audited financial statements in the S-1,
    • not be required to obtain an auditor’s attestation report on the company’s internal controls over financial reporting requirements of the Sarbanes-Oxley Act,
    • provide less extensive disclosure about executive compensation arrangements, and
    • will not require stockholder non-binding advisory votes on executive compensation or golden parachute arrangements,

    That sure sounds like a solid investment

    Also, the two classes of shares (new shares get 1 vote per share, existing shareholders get 10 per share)… what the fuck. Why would anyone buy that shit

    • jkrtn
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      8 months ago

      No wonder they are trying to sell it to redditors.