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

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

128 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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[–] just_another_person@lemmy.world 0 points 9 months ago (1 children)

They have no profit model. Can't lose by shooting.

[–] Tyfud@lemmy.world 18 points 9 months ago (1 children)

It can take longer for the market to realize you're correct, than you can remain solvent for.

[–] just_another_person@lemmy.world 3 points 9 months ago

It's literally a cooked plan with the SEC. If you file, it is expected on a timeline. There is literally no avenue to back down that doesn't spell the end of your filing. Look it up. It's only happened a few times, and to spectacular disaster.