Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying

They're just trying to get people to tie their real names, addresses, email, and financial information to their profiles, especially the ones with established post histories going back years.

They can figure some of that out, but all rolled up and verified by the account holder?

That makes their data on users waaaaaay more valuable to the people who buy data.

I got an invite, too. I reported of as spam.

I'm guessing I know why I didn't get let in on its IPO.

They sent me an offer. I ain't buying

They are going to try and fleece users even more by doing an IPO way too high. Its going to get shorted into oblivion and then settle in at about -70% of IPO value.

Who the fuck is reddit

This asshole is just exercising his options to take money from the same moderators that were up in arms over his changes last year. Make no mistake, this is Spez's revenge.

I really hope this whole thing backfires on reddit, but I think the reality is that it will further enshittify until it's profitable, and it's already so big it's unlikely to fail.

Lemmy just isn't a replacement and I think the nature of lemmy will stop it from ever being one unless someone throws godlike resources at one giant instance that federates with basically nobody.

Tbh if they'd made an offer like this a couple years ago I probably would've taken them up on it. In fact, I remember when spez first took over he made a thread that floated a similar idea.

Here's my Reddit Gold. 🪙 One share please!

We are letting you in to take a slice if this juicy juicy pie only because you are special. Seems sometging out of a dodgy salesman or a conmans playnook to me

I wonder what's considered a power user. Because I got one, and I wouldn't have considered myself one...

I got an invite. Couldn't invest even if I wanted to because I'm not a US resident.

I did laugh when I was sent an offer for a stock preorder.

I may actually try to do the thing where you bet against the stock on this one. Smallest amount possible but it could be fun

You know what I did with the message I got from Reddit about this? BALEETED

I got the invite but unprofitable companies don't really make up a large part of my portfolio

If it gave me the right to short then yeah, I'd be in on that.

I got a message from them today and I haven't used reddit since last June or so. They must be desperate.

I got one even though I've not posted in months, let it go when I made an account here. Old account though so maybe whatever algorithm they used didn't look for recency. I don't think I'm interested, it seems to me they have already passed the peak and are on their way down, and going public will surely just accelerate the decline.

Fuuuuuuuuuuck that shit

got the email, trashed the email.

Short

The second group of people are honest AF 😂

I received the email yesterday despite having deleted my account. I rarely if ever delete emails. This was a first in many years.

Hey those one guys went to the moon, why not me too hur dur

-Spez probably

they gave me the option, but I'm not in the US so I couldn't even do it if i wanted. so why they even asked me to is beyond me. it's just bs.

"hey.. wanna buy our stuff?"

"yes"

"oh you're not from the US. sorry."

"but you knew I'm not from the US"

"meh."

what if we edit our old posts to random junk to mess up the ai

I am not American tax payer but what does American government and independent organisations do regarding influencers are being bribed to help a high profile IPO?

E.g. a user will have 200K+ karma and thousands of followers and will get pre IPO share. So, will "duckyduck" will sure sit on a corner and will never try to benefit his stock? They won't post to wall street bets? Because of ethics?

Opinions on Reddit's IPO offer?