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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The users generate the content. The users control ad viewership and thus revenue. Inviting power users to invest as retail investors is insider trading.
what if we edit our old posts to random junk to mess up the ai
I deleted all my comments in June, still got an invite.
Hey those one guys went to the moon, why not me too hur dur
-Spez probably
You know what I did with the message I got from Reddit about this? BALEETED
Mine was DACHEATED.
got the email, trashed the email.
They sent me an offer. I ain’t buying
I got it via email. Reported it as spam. 🤣
There have been quite a few comments like yours here. Is everyone on Lemmy a former ‘power user’. That would be great.
In another thread a former mod said that both they and their bot had been given the offer.
Someone replied to me in another thread and said that they were giving invites out in stages based on number of mod actions or karma. The first cutoff was “only” 200k karma. The lowest was 20k.
I was thinking of signing up just to see the information but then I read the prospectus and realized it was a losing investment, plain and simple.
I apparently must be as I got one as well.
I certainly never considered myself a “power user,” but I got an invite despite not using reddit since mid-June last year.
Last I checked my account was in the top 1% of karma.
lol yeah century club with a 16 year old account here. I got nothing.
I just got one 7 hours ago.
15,955 post karma 166,632 comment karma
13 years and a few gildings over the years. Plus I was an alien blue user who got a bunch of years of gold before Reddit’s first app kill off.
I found it this morning. I don’t read reddit but never closed the tab and there was a noid. I read it, laughed, and moved on with my day.
I haven’t looked at my account in a few months and decided to go look just to see if I had an invite.
They must be getting more desperate s they move down the list.
I had two accounts over the years that I’ve gotten to higher tier levels.
It was honestly pretty easy back in the day. There were a couple of topics that I could pretty consistently get 5k+ karma from. Large subs with well known view points. Play into those and you take in massive amounts of karma.
my old account before it got banned was well over 500k. I’d been on since 2013. yeah, most of us are power users I think.
I did laugh when I was sent an offer for a stock preorder.
Tbh if they’d made an offer like this a couple years ago I probably would’ve taken them up on it. In fact, I remember when spez first took over he made a thread that floated a similar idea.
Then they started listening to consultants, and now Im here
This asshole is just exercising his options to take money from the same moderators that were up in arms over his changes last year. Make no mistake, this is Spez’s revenge.
I really hope this whole thing backfires on reddit, but I think the reality is that it will further enshittify until it’s profitable, and it’s already so big it’s unlikely to fail.
Lemmy just isn’t a replacement and I think the nature of lemmy will stop it from ever being one unless someone throws godlike resources at one giant instance that federates with basically nobody.
Sounds like you should buy.
What is holding lemmy back? I use it almost exclusively for months and find it to be a great replacement.
For me it’s the lack of interesting communities to browse. Everything active seems to be about, Linux, programming, politics, Star Trek or anime. Some midtier memes. That’s basically a list of subreddits I had blocked on reddit. And it’s all that exists here.
Edit: I just counted. I’m subscribed to 179 communities. In the first 50 posts on my subscribed feed (basically 2 days worth of content), there are 7 communities featured. The first post that does not mention above topics and isn’t a meme is post no 15. In total, there are 4 posts in the first 50 posts that do not mention any of those topics. 2 of those are interesting to me. That’s just not a good enough ratio.
Lemmy has relatively poor automation and moderation tools compared to Reddit. There is no automatic moderator, for example, and you also don’t have usability tools and things that other people have coded, unlike if you were to use Reddit today, or some years ago in its heyday. Beehaw defederated from lemmy.world because the tools at the time meant that anyone can sign up at
.world, and post to beehaw, bypassing their registration restrictions.Federation can also be a bit of a headache to get around if you’re a layman. Do you need to go to all of the instances, or risk losing out on content that is hosted on other places? How do you sign up to it, etc. It’s a good bit more complicated, and less intuitive compared to a centralised service like Reddit.
The user base also isn’t big enough. Lemmy doesn’t quite have the critical mass of users to make it into the mainstream, and put it in more direct competition with a place like Reddit. Even busy communities are really quiet compared to a relatively active thread. This community is arguably only as active as it seems to be because of the bot posts.
Finally, Lemmy is still pretty young, and has a fair few teething issues. It wasn’t all that long ago that servers that updated to 0.18 couldn’t see any posts from older servers, because they didn’t Federate properly, and not all that long before that where Lemmy’s UI had some serious glitches, such as by seeming to signing you in as someone else’s account. People might want something that’s a bit more stable, rather than moving over for sure.
It’s probably part of why a fair few Subreddits moved to Discord, since it doesn’t have a few of those issues, and is relatively mature.
The far left view of the community and Linux lovin showing up in nearly all of the threads.
I think the main thing holding it back is the lack of active niche communities.
Yeah a lot of people here pretend like Lemmy and as a side thing Linux are these massive things poised to take over the world but realistically they’re just a minority thing that isn’t changing much at all.
Will take a new competitor doing something completely different to really stir things up to make moving away from traditional options worthwhile.
Yeah a lot of people here pretend like Lemmy and as a side thing Linux are these massive things poised to take over the world but realistically they’re just a minority thing that isn’t changing much at all.
Your assessment of Linux is bad. So bad. Laughably bad. Hilariously bad. Ask anybody who works on servers whether or not Linux is “a minority thing that hasn’t changed much at all”.
Will take a new competitor doing something completely different to really stir things up to make moving away from traditional options worthwhile.
It depends upon who are you are, doesn’t it? For me, Lemmy hasn’t become a total replacement for reddit, but it’s replaced it about 90% I would say. The only time I spend on reddit is for those niche communities, and a lot of people don’t have those niche communities.
Linux has its uses yes.
Posters here act like the everyday consumer gives a fuck about it though, and they don’t. Great for servers, garbage for consumers.
And I’m sure lemmy can be used to replace reddit for most things, but again - the majority of everyday people won’t because it’s convoluted and not as good for their needs.
They will get created and grow
This is the big thing. There are multiple niche, and not-so-niche, subreddits that just don’t exist here. Or they have nowhere near the presence as on Reddit.
Don’t get me wrong, I’m trying to fix that by contributing where I can, but I am just one person.
Hey, I’m not connecting the dots about the revenge. Could you elaborate please?
We are letting you in to take a slice if this juicy juicy pie only because you are special. Seems sometging out of a dodgy salesman or a conmans playnook to me
I’m guessing I know why I didn’t get let in on its IPO.
Dang, and you seem really torn up that you cannot throw your money in the trash :)
Apart from the fact that I’m too poor to do it anyway, pretty much.
Not enough karma?
I received the email yesterday despite having deleted my account. I rarely if ever delete emails. This was a first in many years.
The second group of people are honest AF 😂
I may actually try to do the thing where you bet against the stock on this one. Smallest amount possible but it could be fun
Please make sure you read up on how shorting a stock works! Your losses are theoretically infinite if you short a stock. https://www.investopedia.com/articles/investing/100913/basics-short-selling.asp
But they said they’ll only do a small amount, so they’ll only risk losing a small infinite amount of money.
Options contracts for strategies like this typically cover 100 shares minimum though, so if Reddit’s stock goes public at say $10.00 per share and they buy 1 contract, they’re going to need $1000 just to buy the contract, and if the share price ends up going up to say $11 instead of going down, that $1000 is gone plus they’re down another $100.
That’s not how options work.
There’s calls, which are contracts where the buyer can buy a number of shares (typically 100) at the specified strike price at any time between purchase and its expiry. Then there’s puts, contacts that allow the buyer to sell a number of shares for the specified strike price between purchase and the expiry.
The maximum loss of buying an option contract is the initial purchase price (though with bad luck, you can lose more from buying calls if they are in the green when exercised but then the piece drops before the shares are delivered).
The option with infinite potential loss is selling naked calls, which require you to purchase 100 shares to sell them at the strike price if they are exercised (which they will be if the price is above the strike).
Also, options are priced based on the intrinsic value (difference between the share price and strike price when the option is “in the money”) plus potential value over time (statistics based, basically the odds that it will end up in the money based on the difference to strike price, volatility, and time to expiry).
If the 100 shares are worth $1000, options will generally only be priced that much if they have that value. Like puts with $20 strike could be exercised immediately for $1k profit, so the price will be higher than $1k. But $11 puts only have an intrinsic value of $100, plus some time value. If you buy one of those contacts and the price goes up to $10.50, the contract would still have an intrinsic value of $50. If volatility also increases, the time value can increase more than the intrinsic value decreases.
Short selling, which also exposes you to infinite potential risk, is when you borrow shares to sell, expecting the price to go down so you can rebuy at a lower price to return those shares. You pay interest in the meantime, too. There are no options involved, but similarly to naked calls, you have an obligation to buy those shares at whatever price they end up at to close that position.
Btw, please don’t assume that because losses are capped for options at the original purchase price (if you’re buying), it means options are safe. You’re betting completely on price movements, if you’re wrong, you lose all of the money you bet. If you bet by buying shares, the price needs to go to 0 to lose the full investment. Holding shares has infinite potential growth and maximum loss of the original purchase price, too, but you can hold them for years and be wrong about them the whole time but still hold some value.
Just make sure you put in a stop-loss order
Never heard of it, I’m sure it’ll be fine though
I’ve heard you can get more by using leberige…or liver-edge… something. Make sure to add a lot of that.
I got a message from them today and I haven’t used reddit since last June or so. They must be desperate.
Same here. Quite bizarre too, since I’m not even a US citizen so I’m not even allowed to buy in. And surely based on their user data Reddit should know that…
Just fill in the form anyway with fake data. I did it.
So they’re going to send many useless invitations.
I’m in exactly the same boat. I was tempted to buy exactly one share to gamble with, and then I thought about their monetization efforts and the fact that they’re offering shares to a person who deleted every comment and post they ever made.
