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.
They have no profit model. Can’t lose by shooting.
It can take longer for the market to realize you’re correct, than you can remain solvent for.
It’s literally a cooked plan with the SEC. If you file, it is expected on a timeline. There is literally no avenue to back down that doesn’t spell the end of your filing. Look it up. It’s only happened a few times, and to spectacular disaster.