Reddit made changes to chief executive Steve Huffman’s pay shortly before reviving plans to go public, removing incentives based on the company hitting a $25bn valuation in a signal of reduced hopes for a blockbuster IPO.
According to company filings, the social media company in December cancelled chief executive awards that were tied to the company hitting the ambitious market capitalisation following a stock market debut.
Reddit removes CEO pay incentives in signal of reduced hopes for IPO
