Reddit Inc.'s stock-trading enthusiasts made it a household name by backing companies that Wall Street wouldn’t. For Reddit’s own initial public offering, a group of them are about to flip the script.
In the days after the social-media company filed for an IPO, thousands of members of the WallStreetBets forum — which boasts around 15 million users and helped popularize meme stocks like GameStop Corp. — voted to boost a forum post about shorting the company, a sharp reversal of their typically bullish ways. Their avowed reasons varied from the company’s lack of profitability to competitive concerns, and mostly centered on spite.
Yeah, Reddit was offering shares to high profile users/moderators. The CEO paid himself very near $200 million last year— and the company has never been profitable.
🚩🚩RED FLAGS 🚩🚩🚩🚩
I will stay far away from anything to do with it. (See Robinhood)
They offered shares to me as well, and I am anything but high profile…
Lol They want your 💰💴💵
Pretty sure it was anyone who reached a certain karma threshold… I’m far from high profile and got multiple emails asking me to invest
Think account age also had to do with it.
Been getting spammed on the email I have tied to the account I registered to squat my “real” online name. Think I made a grand total of one comment on that account something like a decade ago.
I got a bunch of those emails too. Was not high profile, but had some karma.
Any money I put into that company via stock purchases would just line Steve Huffman’s pockets during his exit
scamplan.