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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years
(www.forbes.com)
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this post was submitted on 28 Feb 2024
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Whole thing is sketchy AF. I hope very few of its selected users falls for the scam invitation to buy early shares. They're not only exploiting them for free content and free moderation, they want them to help pay for Spez's ludicrous compensation.
So, three of my old accounts apparently qualified for the buy-shares offer. Two of them were over the 200k karma threshold to get the offer. Interestingly, the third account had only 191k karma and got the message a day or two later.
Even more interestingly, yesterday a fourth account that I haven't posted to in over a decade received the offer, and this one only had 50k karma. Admittedly, several accounts were mods, but they were mods of extremely small, very inactive subs, and I had de-modded myself after deleting my data. They also sent an email to the my registered email address for the fourth account (but I don't know if that's relevant because none of my other accounts had emails registered).
I'm not sure what's going on. Did they get so little response from the early offers that they're going to the accounts of former mods or lowering the karma requirements? I know a couple of my accounts ended up connected by IP information; did they try to contact my old fourth account by PM and email because it was somehow connected to the higher-level accounts, or because they're getting desperate? Maybe they're just trying to get lots of numbers to show that redditors are eager to participate, to gin up an ignorant public's enthusiasm prior to the IPO?
I have to think that, at some level, they're getting desperate, because it seems so much effort to go to, to dig up an account that hasn't posted in a decade and then send PMs and emails to it.
My reddit account has just shy of 100k comment karma and less than 2k link karma, and I still got the message.
I marked it as spam for “unsolicited messaging” lmao
Oh, lmao!
I have 56k of comment karma and only 792 post karma (no K there,only 792) but I got an email as well. Technically I guess I'm a mod because I started a sub with another guy but it never saw anything beyond the greetings post. However my account is over 13 years old so maybe that counts for something?
And yeah, I have no intention of wasting my money. They might see a slight profit initially as some might view this as the "new shiny", but then I fully expect it to tank the moment the investors get a look at their records and start jumping ship.
36k karma on mine, haven't logged in for months. Just did and I got the invite.
They're desperate yo.
When it comes to the inevitable Renaissance and guillotines, I just hope spez is close to the front of the line.
This post will probably get automoderated to suicidesville. It's sensitive to the fally blade decapitator thingy.
Every photo I've seen of Spez looks like a real life trollface.