Something worth thinking about. According to Reddit's own IPO filings, Sam Altman, CEO of OpenAI and ChatGPT, controls 8.7% of Reddit stock including 9.3% of Class B shares, making him the third largest shareholder behind only Conde Nast and Tencent. He invested $60 million in Reddit in 2021 and sat on Reddit's board until 2022. His stake was worth approximately $1.4 billion as of late 2024.
Meanwhile Reddit subreddits are actively banning users for AI generated content while Reddit simultaneously sold user data to Google for $203 million to train AI models.
So Reddit profits from AI, its third largest shareholder runs the biggest AI company in the world, and yet individual users get permanently banned for AI content.
Republicans are already investigating Altman's conflicts of interest as of May 2026. Maybe Reddit users should be asking the same questions.
Sources: Reddit IPO prospectus, Fortune, CNBC, Forbes
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