Reddit: Return Of The Junk Stock IPO

More specifically, Reddit notes in its S-1 that, as an emerging growth company, it will:

• present only two years of audited financial statements in the S-1,
• not be required to obtain an auditor’s attestation report on the company’s internal controls over financial reporting requirements of the Sarbanes-Oxley Act,
• provide less extensive disclosure about executive compensation arrangements, and
• will not require stockholder non-binding advisory votes on executive compensation or golden parachute arrangements,

That sure sounds like a solid investment

Also, the two classes of shares (new shares get 1 vote per share, existing shareholders get 10 per share)… what the fuck. Why would anyone buy that shit