Reddit is inviting some users to participate in its IPO this week, but moderators told CNBC that they're not taking the company up on its offer.
  • Anticorp@lemmy.worlddeleted by creatorEnglish
    41·
    2 years ago

    I got the invitation. I considered it. I decided not to participate. Reddit is too user hostile for me to consider that they have much room for growth, their valuation seems very optimistic, and the fact that they gave Piss Boy a $190 million dollars compensation package for last year is worrying to say the least. The whole IPO seems like a sell and bail strategy for the executive leadership.

  • oDDmON@lemmy.world
    40·
    2 years ago

    I got the teaser IPO email, join the lottery BS and dutifully gave it all the concern and consideration that SPAM deserves

  • huginn@feddit.it
    37·
    2 years ago

    In its filing, Reddit also names as competitors Wikipedia, Snap, X, Pinterest, Roblox, Discord and Amazon’s Twitch.

    What the fuck?

    Roblox?

    Did they use ChatGPT to write their fucking filing? Jesus

        • Billiam@lemmy.world
          2·
          2 years ago

          No, Wikipedia is a competitor to Reddit, in the category of “where can I find an answer to this thing I want to know, since Google is absolute shit anymore?”

  • Kabloink@lemm.ee
    18·
    2 years ago

    I passed on it. They sent reminder messages to both my email and reddit mail after the initial one. So, I suspected that the response may have been lackluster.

  • brax@sh.itjust.works
    16·
    2 years ago

    Who the fuck would want to buy Reddit now? It’s absolute shit… 2010 Reddit would have been the Reddit I’d buy into

    • Kerb@discuss.tchncs.de
      9·
      2 years ago

      nah no chance anyone will ‘pump’ this crap,
      i spent a bit of time on wsb reading what they think about it,
      all i hear is people wanting to buy puts on it.

      if anything its gonna go like the robinhood ipo where all the users that bought in before the ipo got shafted

    • yeehaw@lemmy.ca
      3·
      2 years ago

      I’m in the same boat as you. It’s either going to be a total flop, or a pump and dump. Nothing else.