Reddit power users balk at chance to participate in IPO as Wall Street debut nears
Reddit power users balk at chance to participate in IPO as Wall Street debut nears
Reddit is inviting some users to participate in its IPO this week, but moderators told CNBC that they're not taking the company up on its offer.
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I mean, yeah. Anyone who uses/used reddit a lot knows it's unprofitable and has been on a downward trend. The fabled IPO has been awaited for years and years.
I think these days the average user is either entirely unaware or just doesn’t care about the financials of reddit. Power users, for sure. Not a small number but a minority in any case
I think these days the average user is a bot
Insert astronaut meme.
But right now they're naive bots built on other text corpuses, soon they'll be trained on Reddit itself, so they can karma farm and continue memes from the aughts for the rest of time without the need for pesky users.
With 40-60% of internet traffic being bots I'd say you're not wrong
Is average users offered or considering to participate in the IPO tho