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Report: 75K loyal Redditors can snag shares before Reddit goes public (arstechnica.com)

submitted 9 months ago by [email protected] to c/[email protected]

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This is one of the more scathing pieces to come out on Ars about Reddit. As the site did not respond to inquiries, all that was available to report on was profoundly negative statements that Advance is unlikely to enjoy seeing.

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[–] [email protected] 156 points 9 months ago (9 children)

The Journal reported that 75,000 of the “most prolific” Redditors will have an opportunity to buy “an as-yet-undetermined number of shares” before trading starts.

Emphasis own. So, basically, they're fishing for buy-in from people still addicted to Reddit. I wouldn't be surprised if the offered price is actually really bad.

[–] [email protected] 72 points 9 months ago* (last edited 9 months ago)

They saw the wsb ape mentality and hope to leverage it.

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