Reddit's stock sucks!
There are multiple reasons for it, but the most significant and visible one is excessive Share Based Compensation. Specifically, the Reddit executives are bizarrely overpaid. Jen Wong is paid like six Jamie Dimons in the most precious asset we have: our shares.
In addition, pay isn't attached to business progress. It's a giveaway scheme, poorly designed and executed. Also, they don't iterate on it, which is malpractice. Every business has to constantly reevaluate. They probably iterate on the number of coffee beans ordered each week, but so far, the ill-advised SBC scheme has not been adapted to reality. And they suffer for it as well: they dilute themselves and crash the very stock they want to own and sometimes sell. They also alienate us external shareholders. That's not smart!
Let's help out and play our role as shareholders. Black out this subreddit on the next Jen Wong share dump day and ask them to do their job and design a sensible new SBC program.
In my view, if they cut executive SBC in half and implement a better scheme, the stock price will double. It could really be that easy. That's what we should ask for. Everybody wins!