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WigglyBanana
WigglyBanana
Stealth

Reddit files for IPO. Lists WallStreetBets as a risk factors. Also allowing top users to invest directly as a separate class.

theverge.com

Reddit is going public and inviting power users to invest

It’s really happening.

Reddit is going public and inviting power users to invest
21mo ago
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WigglyBanana
WigglyBanana
Stealth21mo

Sam Altman owns 8.7% of Reddit 😳

MagicalHamster
MagicalHamster
Stealth21mo

Looks like they are doing about $800M in revenue. This is more than expected. But still loss making, so it’s gonna be tough to list well in this market.

FluffyNugget
FluffyNugget
Plivo21mo

GV team taking notes I presume 😜

MagicalBagel
MagicalBagel
Walmart21mo
  • Plans to place a chunk of pre IPO shares to 75,000 top users.

“I want our users to be shareholders, and I want our shareholders to be users,” said Reddit CEO Steve Huffman.

There are rumours of Reddit selling data to google in exchange for ranking better on google leading up to the IPO, so there are bears watching on closely

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