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 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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[–] chiliedogg@lemmy.world 5 points 10 months ago (2 children)

It's based on Karma or mod actions and the invites are going out in waves. I've taken a screenshot from reddit's faq page regarding the program that shows the tiers.

[–] kraftpudding@lemmy.world 3 points 10 months ago (1 children)

Hm, 25k karma is not what I'd call a power user, but ok. Thanks for sharing.

[–] chiliedogg@lemmy.world 1 points 10 months ago (1 children)

They'll only invite people at that level if nobody buys at the higher tiers.

[–] kraftpudding@lemmy.world 1 points 10 months ago

Oh, that makes more sense

[–] Furbag@lemmy.world 1 points 10 months ago (1 children)

Imagine being in /r/centuryclub but still not being cool enough to get into the real exclusive club - Group 1 reddit IPO.

[–] Liz@midwest.social 1 points 10 months ago

That's literally the group they just offered to. So, I guess not enough people bought the first wave.