Do you think any Reddit employees become millionaires after the IPO?
Depends when you joined and depends on the price Seems like a question rooted out of envy than actually giving a shit
Where's lower than FAANG? If you joined in 2021, with the shares lockup, you're making far less than the projected job offer. And even the initial job offers at the time were significantly below FAANG
Most are underwater except those who joined more than 3 years ago
Obviously depends on how early on, but when I was looking, Reddit was low paying compared to FAANG (assuming a fair RSU valuation at the time). My market value and offers were in the $600K and i think reddit was offering like $400K (I honestly don't remember that well). Part of it was that they offered remote, so they weren't necessary low-balling me, but I would not have gotten rich from it. Again, this was recent. 5 years ago would have been a different story I bet.
Reddit pays in the 75th percentile while ISOs were cheap. Then a few people joined at prices in the 22s and some got prices in the 40s. I doubt many more than 10 non execs are taking in a million plus.
It's hard to say as there is a 6-month lock up before the employees can sell their shares.