Ask Lemmy

26903 readers

2224 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try [email protected]

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected]. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.

Reminder: The terms of service apply here too.

Partnered Communities:

Logo design credit goes to: tubbadu

founded 1 year ago

MODERATORS

[email protected]

Has anyone else received the Direct Share Program email for Reddit's IPO? (lemmy.zxcvn.xyz)

submitted 8 months ago by [email protected] to c/[email protected]

38 comments fedilink hide all child comments

I got an email from reddit to the address for one of my old Reddit logins. The text, in part, when visiting the URL they provided (had to be logged in, not all of my old handles could see it):

Yes, it's really happening this time, and as we take the next step toward becoming a public company, we're inviting all eligible redditors to participate in Reddit's IPO.

“Eligible” you note skeptically? Yes. Unfortunately, there are a ton of imposed legal restrictions defining when, who, and how we do this. So while our goal is to give all redditors the same access to stock as institutional investors (why should they have all the fun?), our lawyercats tell us we must follow specific rules listed below.

Our Directed Share Program (“DSP”) is set up to let eligible users and moderators own a piece of Reddit by purchasing Reddit stock at the same price as institutional investors when we IPO. We will offer this opportunity to as many redditors as we are able to accommodate, and the number of people who can participate is limited.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 8 months ago (5 children)

lmao. I've got the message on three of my accounts so far, including one that I haven't used in years except to purge my data. Anyone who takes their offer is a fool: they're going to use those guys to claim there's demand before they all take the money and run far, far away.

Anyone know what wsb is saying?

[–] [email protected] 4 points 8 months ago (4 children)

Anyone know what wsb is saying?

Just looked, they're going nuts. CNBC has a clip mentioning that wsb could introduce volatility: "The site’s WallStreetBets chat room was the epicenter of the meme stock craze in 2021, as users urged one another to bid up stocks such as GameStop and AMC Entertainment."

I hope they actually do wreak havic.

[–] [email protected] 1 points 8 months ago (1 children)

wsb could introduce volatility

So they're already preparing an alibi if/when things tank. [The Google licensing thing changes things a bit and I haven't processed it quite yet.]

load more comments (2 replies)