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that's . . . less than a year's revenue, by a lot. What?

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That's only the Class A stock, entitling one shareholder vote per share. There's also Class B (10 votes/share) and Class C (no votes). Jannies are almost certainly going to be offered ludicrous amounts of Class C.

The entire structure there is to make sure that, even though they're technically beholden to shareholders, Reddit HQ can effectively rig any vote in their favour and screw over anyone who buys in.

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iirc jannies were offered class A stock.

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Jannies just along for the ride as usual

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A year's alleged revenue

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