Reddit power users balk at chance to participate in IPO as Wall Street debut nears
Reddit power users balk at chance to participate in IPO as Wall Street debut nears
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.
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Not sure I would call myself a power user. While I did have a few posts over 50k, I was not exactly creating a ton of content. Still got an email though and decided against investing.
My few posts were almost exclusively in my local sub and plant identification, I never had a post crack 1000. Almost all my karma came from comments. Since I also got the offer, I'm guessing the bar was set very low
Yep, same, think I had 65k karma, mostly from comments, got an email, also balked
I probably had at least a few million across all my accounts but still balked
Huh, I thought everyone received the email. Never made a single post on Reddit, only ever commented and still got the thing.
I think everyone got it out eventually, but I know they rolled it out in stages based on total karma. The more karma you had, the earlier you got the IPO email. And they didn't distinguish between post and comment karma. I had almost no post karma, but 402k comment karma (mostly from account age), so I got emailed pretty early.
I never got anything. But I use disposable emails to verify any accounts I made.
I was definitely a power user. I didn't get an email. I know why too:
I find it hilarious that you didn't get one and a nobody like me did.
On some level, I'm a little surprised they noticed.
Same here. I'd consider it a compliment that they did.
Similar story, though I had over 100,000 karma, I never made any posts. It was all comment karma. I got invitations on both my accounts, even though ones been retired for years and the other I stopped using after the bullshit last year.
Right, why would I bother with the reddit IPO? IPO pricing is all over the place. If I want it - I don't - I'll buy it day 1.