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Reddit DM I just got: "Participating in Reddit’s Initial Public Offering (IPO) from reddit sent 11 minutes ago Hello, TL;DR: – you’re invited to a special program that lets redditors purchase stock at the same price as institutional investors when we IPO. Details about eligibility and next steps follow. This (long, dense) message has all the info we can provide due to legal restrictions. As you may have heard, Reddit…
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Are you an active user? What was the cutoff threshold for this?
They discuss the Directed Shares Program on page 224. https://www.sec.gov/Archives/edgar/data/1713445/000162828024... Briefly - Users & Moderators will be invited on 6 phased tiers. Accounts created on or before Jan 1st, 2024. T1 - Users identified by us who have made meaninful contribution to Reddit community programs. T2 - 200,000 Karma / 5,000 Mod actions T3 - 100,000 Karma / 2,500 Mod actions T4 - 50,000 Karma /…
They list three pillars for financial. 1) Ads - which they've already done so priced in 2) Data - like the google deal they announced today with google for 60m. 3) User economy that includes "Commerce ecosystem" and brace yourself:
>Reddit Avatars as non-fungible tokens on the blockchain;
That really looks like an all-or-nothing bet on their dataset being valuable for AI and multiple recurring deals like google's resulting. It's certainly big & of reasonable quality, but at a minimum you'd need a way to neutralize the fact that most reddit interactions are antagonistic - users arguing & correcting each other...not necessarily traits you want a bot to learn
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For a company that produced negative income, absolutely absurd. Why do investors put up with this? Is there truly no oversight? There is no way he provides value close to his compensation.
He is the co-founder, and he kept the company moving after a huge backlash against the previous CEO. He made some controversial (and bold) decisions like increasing the API price to block out third-party apps, but it seems to work? So yes, he somewhat deserves that compensation.
I was expecting this to be thin but not that thin. They list three pillars for financial. 1) Ads - which they've already done so priced in 2) Data - like the google deal they announced today with google for 60m. 3) User economy that includes "Commerce ecosystem" and brace yourself: >Reddit Avatars as non-fungible tokens on the blockchain; That really looks like an all-or-nothing bet on their dataset being valuable fo…
I was expecting this to be thin but not that thin. They list three pillars for financial. 1) Ads - which they've already done so priced in 2) Data - like the google deal they announced today with google for 60m. 3) User economy that includes "Commerce ecosystem" and brace yourself: >Reddit Avatars as non-fungible tokens on the blockchain; That really looks like an all-or-nothing bet on their dataset being valuable fo…
Earlier quoted context omitted.
For a company that produced negative income, absolutely absurd. Why do investors put up with this? Is there truly no oversight? There is no way he provides value close to his compensation.
He is the co-founder, and he kept the company moving after a huge backlash against the previous CEO. He made some controversial (and bold) decisions like increasing the API price to block out third-party apps, but it seems to work? So yes, he somewhat deserves that compensation.
Are there any Reddit alternatives these days? Something like HN but more slightly more casual (image/video embeds, subreddits)
4chan.org stacker.news
First Reddit makes it private. Then Reddit bans the moderator. Then the sub is banned because there's no moderator.
Earlier quoted context omitted.
For a company that produced negative income, absolutely absurd. Why do investors put up with this? Is there truly no oversight? There is no way he provides value close to his compensation.
He is the co-founder, and he kept the company moving after a huge backlash against the previous CEO. He made some controversial (and bold) decisions like increasing the API price to block out third-party apps, but it seems to work? So yes, he somewhat deserves that compensation.
CEO remuneration is out of control when somebody can perform such a beige list of acts and be treated like the Messiah. Mozilla is in the same boat. Such poor value for money.
Are there any Reddit alternatives these days? Something like HN but more slightly more casual (image/video embeds, subreddits)