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

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.

  • skozzii@lemmy.caEnglish
    28·
    10 months ago

    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.