Reddit faces new reality after cashing in on its IPO
Reddit faces new reality after cashing in on its IPO
arstechnica.com
Reddit faces new reality after cashing in on its IPO
Reddit must now answer to its shareholders as well as its vocal users.
27 comments
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Hey member that time AOL bought Warner Brothers. And everybody was all “wow these internet companies are here to stay!”
Lol
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I finally offboarded r/modernart to lemmy.ml/c/modernism today in anticipation of the IPO launch. Already reddit heavily censors and recuperates anything radical. That's only going to get much worse along with advertising and bots. I can't see the website lasting in its current form and that's already pathetic. Lemmy is poised to really take off as reddit ratfucks itself.
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!modernism@lemmy.ml for the lazy.
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Why lemmy.ml?
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Totally ignorant question from me - why not?
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@happybadger Create your own instance while you still can. If you're interested in hosting large images pick mbin instead of Lemmy and I can help you bypass filesize restrictions
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lemmy.ml, one of the larger instances and the original? Seems good enough reason to me.
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Ha! It's already falling in price.
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If 45 breaks monday this turkey is dead
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i doubt it matters since huffman already got his money.
i wonder if any moderators regret making him rich at the expense of their own time and effort; with nothing to show for it
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Can anyone remember what share price Reddit offered to "power users?"
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IPO price, around $30, so it's up 50%.
Normal IPO, you have to hold like 6 months then sell. It artificially increases scarcity and keeps price up.
The reddit users can sell right now though, and if enough do it at once, it can scare off new buyers and make those who already bought after IPO sell.
It could waterfall and leave the traditional IPO buyers who can't sell get stuck holding the bag.
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It was pretty damn high
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It was $34 I'm waiting for options to pop up so I can buy puts and make money on it dropping to $25 over the next 6 weeks.
*I got my puts bought today when share price was $51. I went for four months out on expiration. Wish me luck! Or come back in July and offer condolences.
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As well as?
I'm not to sure about that second part.
27 comments
When did Reddit answer to any users?
About 15 years ago.
When they first got popular and had to ban all the pedo subs because people were pissed
All the time. The answers were usually to the tone of "lol, fuck you".