November, 2025 | Wall Street Memes

How did the CEO of Reddit become a billionaire? What? How do you think? He’s the CEO of Reddit. That’s such a stupid question. You think the 7th most visited site on the internet just doesn’t make money? (Shut up, Wikipedia, I’m not talking about you.)

Look, it’s very easy, all you have to do is pitch “the front page of the internet” to investors with your college roommate in 2007, win a $12,000 grant, write the code in 20 days, gain another 100,000 dot-com-boom-dollars from investors, sell within 16 months for $10 million, quit, come back, turn the company around and then announce an earnings of $1.2 billion and a $38 billion market cap just last Thursday and BOOM, two decades later, you’re a billionaire.

It’s simple, really.

But yeah, that’s the story of Steve Huffman, who really played the long game on this one. Let’s hope he didn’t need that money for anything important.

We’re on Reddit. It’s just a thread of everyone calling us a scam, but still…

Now Huffman will join the prestigious club of the 3,028 billionaires in the world who just so happened to be the same 3,028 people on my own personal list of people who’ll be the first with their backs up against the wall when the revolution comes.

Damn, Huffman, maybe you should think long and hard about whether you actually want to be a part of this club… Anyway, what was I saying, oh yeah:

Reddit CEO billionaire hare and tortoise — I found this picture online and jesus christ it’s cursed.

The hare and the tortoise is a classic fable about the virtue of patience over prowess, even though that’s terrible advice for a race. Reddit CEO Steve Huffman is not the only billionaire tortoise, and many other richies have similar bedtime stories to tell.

Nvidia’s Jensen Huang also took two decades to secure his fortune, Netflix-guy Reed Hastings waited a similar timeframe for his winnings, and Figma CEO Dylan Field took a risk dropping out of college in 2012 but now he’s worth $5 billion dollars in US money.

It just goes to show that if you’re not rich now it’s not because you’re lazy, stupid and unoriginal it’s just because you’re playing the long game too.

Who knows? Maybe in a couple decades we’ll both be sitting in the club and we’ll see each other across the room and we won’t say anything, we’ll just smile, give a little nod and raise a glass.

The richest man in the world, Elon Musk, has just put his money towards the good cause of reshaping reality in his image in the form of ‘Grokipedia’. I’m reading it now, and you know what? I never knew this Elon fellow was such a nice man, but if an encyclopedia says he is, then I suppose he must be.

On the AI-powered site, Musk is painted as a noble philanthropist, changing the world for the better, fighting the good fight for free speech against the woke mind virus. At one point, Grok explains that, “Musk’s family dynamics reflect a decentralized structure across multiple households.” I guess that’s crypto-speak for ‘shitty dad’.

For the entry on Tesla’s Cybertruck (which doesn’t come up in the search when you type ‘cyber truck’ but I guess that’s my fault) Grok says that all the haters can shut up because “empirical delivery data shows sustained demand post-issues.” And that’s just a blatant lie. Cybertruck sales have bombed, sir.

January 6th was just a riot, Trump has no conflicts of interest, up is down and I don’t have a crippling fear of commitment. Maybe you should check some of those facts on Wikipedia… Oh, wait, you did?

ELDR; Elon, Didn’t Read…

Obviously, this is a response to Wikipedia, which Elon thinks is too woke, but Grok has copied the name, the logo font, and even whole articles word-for-word from the open-source encyclopedia. That’s bad, but it’s better than when it doesn’t copy and just makes shit up.

Also, if this is supposed to be a Wikipedia competitor, you would have thought it would operate the same, if not better, than the orig. But no, the search is clunky, there are no internal links to other articles (which is the fun part of Wikipedia), and there’s not even an entry for ‘beans’, so why bother?

A Wikipedia Foundation spokesperson responded to this response by saying, “Unlike newer projects, Wikipedia’s strengths are clear.” And founder Jimmy Wales said in a recent interview, “The day he said ‘defund Wikipedia’ we had a massive surge of donations, so I’m like, well, bring it, Elon.” Yeah, I don’t think they’re worried.

Elon Musk Grokipedia Tweet — I mean, if you’re collecting all knowledge, you might as well start by collecting all of Wikipedia…

The point remains, who is this for other than diehard Elon heads (that’s what they’re called, right?) and Musk himself. Well, the defective product isn’t really the point, like all of Musk’s defective products, it’s about messaging.

Elon imagines a technologically progressive but socially conservative future where the self-driving cars are shiny, the genders are binary, and Elon has total authority.

Grokipedia is an expression of that future. It’s not a product, it’s barely a proof of concept, what it is a piece of desperate propaganda that quietly screams, “THE MINISTRY OF TRUTH IS BEING BUILT AND ELON MUSK IS ITS ARCHITECT!”

Yep, the Amazon corp just got a 5% stock boost from the announcement that OpenAI will access hundreds of thousands of Nvidia graphics cards through its cloud computing service.

It seems that no one got the memo that this is the same cloud computing service (AWS) that shut down the entire internet just a few weeks ago.

The deal is just one of many that OpenAI made recently. $300 billion with Oracle. $22 billion with CoreWave. Plue the ink’s only just dried on agreements with Broadcom, AMD, Nvidia and my mate Nigel who has a basement that they can use if Sharon kicks them out again.

And it looks like OpenAI might need it soon because lady and gentleman, the bubble is at a-bursting point.

Nvidia just topped $5 trillion. OpenAI is about to be worth $1 trillion with barely any revenue (but hey, they are a non-profit). And everyone’s getting into bed with each other, assuring that if one drowns, they all drown (not sure why the bed’s in the ocean, but here we are).

Maybe at least one of those data points will change soon however as OpenAI have started to work with Microsoft to see if they can change to a for-profit.

Let’s just see how all this pans out…

CEO of America, Donald Trump, was recently asked whether he had any idea who now-pardoned crypto-mogul Changpeng Zhao was. Trump replied that he had “no idea who he is.” He does, however, know what a horse, a giraffe and an elephant are.

That same reporter then reached out to CZ about whether he had heard of Donald Trump, to which he replied, “What? Yeah, of course. What do you mean? Of course, I’ve heard of him, he’s like the most famous man in the world. He pardoned me. Why wouldn’t I have heard of him? What are you talking about? Are you a real journalist? What is wrong with you??!”

Do YOU know who Changpeng Zhao is??

If you didn’t hear about it, Changpeng Zhao (AKA CZ, BI-Guy, or Peng-Boy as I like to call him) founded the most used crypto exchange, Binance, but served three months in prison and was banned from working in crypto for money laundering in 2023.

BUT THEN, plot twist, Donald Jesus Trump descended from heaven and granted the 21st richest person in the world a miracle: a royal pardon to go back to work in the crypto world.

BUT THEN, plot twist, Norah O’Donnell asked Trump on 60 Minutes why he pardoned him and Trump replied, “OK, are you ready? I don’t know who he is.”

Cool, cool, cool.

Changpeng Zhao police lineup — And can you point to the man you pardoned?

Trump did say CZ was a businessman victim of Biden’s witch hunt and went on to say how he supported cryptocurrencies.

All of this seems to say that CZ’s pardon has nothing to do with a sense of what is right and wrong, but an olive branch to the crypto world and a signal that Trump is soft on crypto regulation.

What did you think, this wasn’t politics? Hold on, drink a glass of milk before I tell you this: it’s all been politics this whole time.

As White House press secretary Karoline Leavitt explained when the pardon happened, Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”

But is it him executing his constitutional authority if he doesn’t know who he’s signing off? Or is this someone carefully guiding grandpa’s pen over the documents and executing their constitutional authority?

For more on this story: Trump Pardons Binance Co-Founder Changpeng Zhao For Some Reason