- Reddit’s upcoming IPO will give its moderators an opportunity to purchase inventory.
- However on the favored r/WallStreetBets and r/shares subreddits, lot of customers aren’t .
- “Can we pre-register to brief?” one Redditor asks.
Reddit introduced it’s going public, with an IPO deliberate for subsequent month beneath the ticker RDDT. And on Wednesday, it introduced a $60 million-a-year take care of Google to license its content material for AI coaching.
It is providing one thing uncommon: the prospect for moderators to purchase inventory. The opportunity of a bunch of Redditors holding inventory is sufficient of a threat for volatility that they needed to point out it of their IPO filings. (lol)
However are Reddit’s energy customers really interested by shopping for Reddit inventory? Let’s take a peek.
r/WallStreetBets is a subreddit with 15 million subscribers dedicated to meme-heavy inventory chatter, greatest recognized for being the 2021 GameStop inventory craze. The response is … cool, you would possibly say.
“Can somebody educate me methods to brief an IPO?” one person posted on r/WallStreetBets about Thursday’s announcement.
One other person — a moderator with a Karma rating of over 300,000, posted a screenshot of the message he acquired from Reddit about being a part of the Directed Shares Program, questioning if he ought to make investments.
“Onerous move,” replied somebody.
“The query is, ought to we eat the place we shit speak?” one other mused.
“Solely if you wish to promote it to me for half as a lot the week after,” mentioned one other.
Over in r/shares, the sentiment was equally unenthused.
“brief it to the purpose it delists.”
“Shorting it.”
“So we will pre-register to get shares … can we pre-register to brief?”
“This can be a septic tank full of the dumbest monkeys, led by uninteresting incompetent hacks with a lust for energy. Onerous to monetize.”
After all, a small sampling of probably youngsters posting a couple of inventory isn’t essentially good forward-looking recommendation. (Please, for the love of God, don’t use this for any type of inventory recommendation.)
And complaining in regards to the social community you are at present posting on is without doubt one of the prime actions for the extraordinarily on-line.
So far as what this implies for Reddit’s IPO, who is aware of? However for now … lol.
