Reddit power users balk at chance to participate in IPO as Wall Street debut nears

https://lemmy.world/post/13355182

Reddit power users balk at chance to participate in IPO as Wall Street debut nears - Lemmy.World

Most people I think see through this, they’re just trying to bring in some bag holders to inflate the share price while they cash out.
Yeah I don’t think mods and “power users” that stayed after last year are necessarily against reddit succeeding, just not willing to buy in at a 6.5bil valuation for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative. And after the bad will they gained last year burning mods and third party apps it’s not a big surprise many are watching with a big ol’ bucket of popcorn.

They kicked myself and my entire mod team from r/Canning because we held a vote and our users asked us to shut the community down in protest of their 3rd party app policies.

Then recently they emailed and messaged me telling me I could get in on the ground floor of buying shares.

That’s going to be a big resounding “no” from me there u/spez.

Are you saying that they… canned you?

Sorry I couldn’t resist.

You’re not the first to have noted that — but it remains funny, so we’re good 🤣.