this post was submitted on 25 Feb 2024
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418
Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying (www.wired.com)
submitted 11 months ago by [email protected] to c/[email protected]
127 comments fedilink hide all child comments
 

Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying::Reddit says it wants to reward users by letting them buy into the company’s public listing. Some say it’s too risky—others say they won’t pay a company they’ve already given hours of free labor to.

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[–] [email protected] 44 points 11 months ago (2 children)

Now this is one part where I believe them. Public companies have strict controls on their investor relations. I can believe that they are going out of their way to keep their investor info separate from their user info. They will probably get fined by the SEC if they don't.

That doesn't make it a good investment, of course. I don't want to be King Steven's exit liquidity.

[–] [email protected] 27 points 11 months ago

Yeah, I think they just want memestock-like bag holders, people invested in reddit "as a company/platform" who are unlikely to sell

[–] [email protected] 9 points 11 months ago* (last edited 11 months ago)

With Spez at the helm I'd be surprised if they didn't wind up getting in trouble either way, guess time will tell.