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Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying (www.wired.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] dhork@lemmy.world 12 points 10 months ago

Someone replied to me in another thread and said that they were giving invites out in stages based on number of mod actions or karma. The first cutoff was "only" 200k karma. The lowest was 20k.

I was thinking of signing up just to see the information but then I read the prospectus and realized it was a losing investment, plain and simple.