Reddit

Any pointers on how to report them?

As requested, I'm posting the full text of the email into this post body. I hope it's screen reader friendly:

u/USERNAME,

tl;dr – you’re invited to a special program that lets redditors purchase stock at the same price as institutional investors when we IPO. Details about eligibility and next steps follow. This (long, dense) email has all the info we can provide due to legal restrictions.

As you may have heard, Reddit has taken steps toward becoming a publicly traded company with the initial public filing of our registration statement with the U.S. Securities and Exchange Commission on February 22, 2024. Yes, it’s happening.

And because you have helped make Reddit what it is today, you now have the opportunity to become Reddit owners at the same price as institutional investors.

We’re offering a Directed Share Program (“DSP”) that invites eligible users and moderators who have contributed to Reddit to participate in our initial public offering (“IPO”). (Including you!) Program Requirements While being selected to pre-register is the first step, there are certain legal and regulatory requirements to participate in the DSP that are outside of Reddit’s control. Bear with us here…

To be eligible for the DSP, you must: • Be a current U.S. resident; o You will be asked to provide the DSP Administrator a valid social security or permanent resident number, along with other personal information. Reddit will not have access to this data. o Please note that U.S. residents using a VPN may face application limitations if the VPN locates them in certain non-U.S. jurisdictions. • Be at least 18 years old; • Provide your full legal name and an email address; • Not be a current or former Reddit employee (FTE). When the DSP launches (a few weeks after pre-registration ends), individuals who have been confirmed for the program will be contacted by our external DSP Administrator. You will then be asked to provide additional information securely to the DSP Administrator to confirm your eligibility. How to pre-register The number of people who can participate in the DSP is limited; we will offer this opportunity to as many redditors as we are able to accommodate. If capacity is reached before the deadline, you will be added to the waitlist. Based on demand, we may also limit the number of shares available.

If you are interested in being part of Reddit’s DSP, please go to https://reddit.com/dsp on desktop to complete the pre-registration form. If you are one of the confirmed participants, we will follow up with an email with more details in the coming weeks. You can also refer to the Frequently Asked Questions for more information. Due to regulatory restrictions (yeah… we know…) we are not able to respond to further inquiries or questions.

Pre-registering does not guarantee that you will be invited or able to participate in the DSP; it also does not obligate you to purchase shares.

As with any investment opportunity, you should make an individual decision based on your own personal circumstances and risk tolerance. Therefore, we urge you to review the preliminary prospectus, when available, before deciding whether to invest in Reddit.

The deadline for pre-registering for the DSP is March 5, 2024. If capacity is reached before the deadline, you will be added to the waitlist. What happens next? While there won’t be a confirmation email immediately after you pre-register, everyone who pre-registers will receive an email in the coming weeks from “[email protected]”, telling them whether they can proceed with the next steps for the DSP.

This is an automated message (beep, boop, beep) and does not receive replies. Please refer to the FAQ for more information. Per our lawyercats, we are not able to respond to further inquiries or questions. Prospectus and Important Disclosures The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from: Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email: [email protected]; J.P. Morgan Securities LLC, Attention:c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or email: [email protected]; and BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: [email protected].

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notification shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date. An indication of interest in response to this notification will involve no obligation or commitment of any kind.

You are receiving this email because a Reddit account, USERNAME, is registered to this email address. 548 Market St., #16093, San Francisco, CA 94104–5401

Reddit kind of anticipates this critique in its investor docs, and argues that it didn't really start operating as a serious business until 2018 when it finally started "meaningful monetization efforts" — that is, trying to make money for real.

But that's still six years ago. What has Reddit been doing since then?

One big, obvious answer: It has been hiring a lot of engineers and spending a lot of money on their salaries...

...What am I missing? I asked Reddit comms for comment but they declined, citing the company's quiet period before the IPO.

Internet Archive capture

Sure, spez, tell us again how reddit's just never managed to make a profit ...

Reddit made an initial public offering filing with the Securities and Exchange Commission on Thursday ahead of its highly-anticipated stock market debut.

The social network plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Its listing – expected in March – would be the largest IPO by a social media company since Pinterest went public in 2019.

How social media’s biggest user protest rocked Reddit

The number of shares to be offered and the price range for the proposed offering have not yet been determined, Reddit said in a statement.

The IPO filing revealed that Reddit sustained $90.8m in losses in 2023, as its revenue grew by roughly 21%. The business estimated that its US average revenue per user or ARPU, was $3.42 for the last quarter of 2023 – a decrease of 2% year over year...

Hello, my name is loaExMachina and I'm a redditor.

Jk, I've almost completely stopped browsing reddit, tho so far I hadn't committed to deleting my account, because all I've written was of such high quality that it'd be the worst loss of wisdom since the library of Alexandria burnt down. But now that I saw the deal they cut to train the Google AI on their content, I'm thinking "better erase it than let it fall in the hands of evil."

I recall seing on reddit many comments replaced by something about moving to lemmy and how much better it was, apparently some software had been used to bulk-edit all of the accounts content into this. Is it possible to learn that power ?

No API required. Kinda slow, but just leave it running overnight if you have a lot. Make sure you run it from https://old.reddit.com/u/me/overview

However, I will keep you guys around, for now ...

[...] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.

Interestingly, Narwhal remained open ahead of Narwhal 2's release without users having to pay anything. I asked Harrison in June how that was possible, but he said he couldn't explain due to a non-disclosure agreement (NDA) with Reddit. I asked again for this story, and Harrison said he couldn't provide full details but noted, "Reddit was willing to work with me so that I could transition the app to subscriptions in a reasonable timeframe, especially considering it's not my full-time job."

A group of scammers is retaliating against me for exposing them and the Reddit admins and legal department completely ignore it.

I consulted with lawyers who told me that my only option is to spend tens of thousands of dollars trying to pursue each individual reddit account that's doing it.

Though Reddit's leadership claims to be 'leaning into its humanity,' it seems the company is more committed to leaving humanity in the dark.

Reddit promised that it would maintain a free-tier API, but researchers and moderators repeatedly stressed that the new access was too limited and would cut off many tools, projects, and archives that their work depended on. Finally, Reddit’s olive branch came in the form of an online application for moderators and researchers to request increased access to the API and (for moderators only) access to Reddit archives that the updates took offline.

The mistake seemed to have taught Huffman that ignoring the needs of communities that the platform had long relied on posed a greater risk than benefit to the profitability of the company in the long run. Yet six months later, many of us working in public interest research fields have heard nothing back from Reddit in response to our applications, and key archives of historical data remain inaccessible to researchers.

Can you guess what it is?

It's mentioned in this really good Verge article about SEO. I don't think it's a good sign for Reddit to just allow such blatant spam and makes me think how much subtler spam is out there too.

I've personally noticed more a few times in old threads you'll find a comment made months later that's recommending a product.

Year-end recap from The Guardian.

1. mobile. avoid using the main reddit app fatbird and atom are still working and free but relay is paid and still also works. and mabye joey.

2. computers. avoid using new.reddit.com, use libreddit when possible but if unable to use libreddit use old.reddit.com with ublock or host your own libreddit instance