Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying::Reddit says it wants to reward users by letting them buy into the company’s public listing. Some say it’s too risky—others say they won’t pay a company they’ve already given hours of free labor to.
They sent me an offer. I ain’t buying
I got it via email. Reported it as spam. 🤣
There have been quite a few comments like yours here. Is everyone on Lemmy a former ‘power user’. That would be great.
In another thread a former mod said that both they and their bot had been given the offer.
I apparently must be as I got one as well.
They’re just trying to get people to tie their real names, addresses, email, and financial information to their profiles, especially the ones with established post histories going back years.
They can figure some of that out, but all rolled up and verified by the account holder?
That makes their data on users waaaaaay more valuable to the people who buy data.
I actually got an email from Reddit about the offering today. They specifically, in bold, say they don’t have access to this information as it is only provided to the plan administrator.
You would still have to be idiotic to join this IPO.
They specifically, in bold, say they don’t have access to this information as it is only provided to the plan administrator.
I seriously doubt it, because if someone isn’t verifying that you hold the account it was sent to. People could “sell” their invites and I feel like this is already walking a fine line with the SEC with the whole “early access” thing.
It would be trivial to write a bot that pm’ed accounts that met this metric to receive an invite offering a tiny amount for their codes.
Hell, someone could do that and never follow thru with buying accounts as it would make some users more likely to buy.
This whole thing is likely to go horrible, because reddit never thinks shit thru.
Now this is one part where I believe them. Public companies have strict controls on their investor relations. I can believe that they are going out of their way to keep their investor info separate from their user info. They will probably get fined by the SEC if they don’t.
That doesn’t make it a good investment, of course. I don’t want to be King Steven’s exit liquidity.
I did laugh when I was sent an offer for a stock preorder.
I got an invite, too. I reported of as spam.
I also got one. I have a little bit of money sitting in a brokerage holding account, and I was already thinking of buying a single share as a joke (so I had the option to heckle them “as an investor in the company”). But I wouldn’t do it via their stupid IPO insider process. That requires the buyer to share some PII with reddit. And I don’t trust them as far as I could throw them.
No you didn’t. Your fantasies don’t count.
We are letting you in to take a slice if this juicy juicy pie only because you are special. Seems sometging out of a dodgy salesman or a conmans playnook to me
they gave me the option, but I’m not in the US so I couldn’t even do it if i wanted. so why they even asked me to is beyond me. it’s just bs.
“hey… wanna buy our stuff?”
“yes”
“oh you’re not from the US. sorry.”
“but you knew I’m not from the US”
“meh.”
Fuuuuuuuuuuck that shit
This asshole is just exercising his options to take money from the same moderators that were up in arms over his changes last year. Make no mistake, this is Spez’s revenge.
I really hope this whole thing backfires on reddit, but I think the reality is that it will further enshittify until it’s profitable, and it’s already so big it’s unlikely to fail.
Lemmy just isn’t a replacement and I think the nature of lemmy will stop it from ever being one unless someone throws godlike resources at one giant instance that federates with basically nobody.
What is holding lemmy back? I use it almost exclusively for months and find it to be a great replacement.
For me it’s the lack of interesting communities to browse. Everything active seems to be about, Linux, programming, politics, Star Trek or anime. Some midtier memes. That’s basically a list of subreddits I had blocked on reddit. And it’s all that exists here.
Edit: I just counted. I’m subscribed to 179 communities. In the first 50 posts on my subscribed feed (basically 2 days worth of content), there are 7 communities featured. The first post that does not mention above topics and isn’t a meme is post no 15. In total, there are 4 posts in the first 50 posts that do not mention any of those topics. 2 of those are interesting to me. That’s just not a good enough ratio.
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I think the main thing holding it back is the lack of active niche communities.
Yeah a lot of people here pretend like Lemmy and as a side thing Linux are these massive things poised to take over the world but realistically they’re just a minority thing that isn’t changing much at all.
Will take a new competitor doing something completely different to really stir things up to make moving away from traditional options worthwhile.
Yeah a lot of people here pretend like Lemmy and as a side thing Linux are these massive things poised to take over the world but realistically they’re just a minority thing that isn’t changing much at all.
Your assessment of Linux is bad. So bad. Laughably bad. Hilariously bad. Ask anybody who works on servers whether or not Linux is “a minority thing that hasn’t changed much at all”.
Will take a new competitor doing something completely different to really stir things up to make moving away from traditional options worthwhile.
It depends upon who are you are, doesn’t it? For me, Lemmy hasn’t become a total replacement for reddit, but it’s replaced it about 90% I would say. The only time I spend on reddit is for those niche communities, and a lot of people don’t have those niche communities.
Linux has its uses yes.
Posters here act like the everyday consumer gives a fuck about it though, and they don’t. Great for servers, garbage for consumers.
And I’m sure lemmy can be used to replace reddit for most things, but again - the majority of everyday people won’t because it’s convoluted and not as good for their needs.
They will get created and grow
The far left view of the community and Linux lovin showing up in nearly all of the threads.
The second group of people are honest AF 😂
I wonder what’s considered a power user. Because I got one, and I wouldn’t have considered myself one…
What’s your approx upvote count if you don’t mind me asking? I wonder what their criteria is.
8 y.o. account, 23k post karma, 64k comment karma. So, not that much. Sadly can’t tell you over how many posts/comments, because the API Tools that used to count that all are dead. Obviously.
It looks like everyone big in crypto scam and market manipulation have such qualities. Most of them are alt right and Musk fans so it is easy to spot them.
Huh?
Say a negative thing about Brave or any of alt right hate campaigns against anyone who likes diversity. They will keep down voting whatever you post/comment and insane things happen. E.g. 2 comments supporting the same idea in the same post scoring +20 and -20. The best thing to do against is not to be there at the first place. People who think they are highly technical, nerd, bright or have elite taste shouldn’t work for Spez, for free.
You know what I did with the message I got from Reddit about this? BALEETED
Mine was DACHEATED.
If it gave me the right to short then yeah, I’d be in on that.
It concerns me that you are so eager to short yet think that one needs to buy shares in order to short. You should probably just stay away from financial instruments you don’t understand
I didn’t say anything about buying shorts but, to my knowledge, you can’t short something that doesn’t exist. I was stating that I’m willing to bet the price per share will go down significantly in the short term after it’s IPO, no matter what they set as the initial price.
what if we edit our old posts to random junk to mess up the ai
a lot of people do. there are greasemonkey scripts for it. some scripts even only delete certain old posts after a certain date so reddit isn’t picking up to it quickly.
