Quite a lot of Redditors hate the Reddit IPO

The Reddit wordmark on a yellow background, with its Snoo character framing it.
“Quick the shit out of it.” | The Verge

If you’re a sure form of cynical, Reddit’s S-1 submitting units off alarm bells. There’s the point out of r/WallStreetBets. (5 mentions in complete, really.) There’s the stockpile it’s amassed of Bitcoin and Ethereum. And there’s this system to offer sure energy customers the choice of shopping for inventory earlier than it debuts on the general public market.

The S-1 is a doc filed with the US Securities and Trade Fee earlier than an organization goes public. It discloses all kinds of issues: income figures, threat components, key knowledge in regards to the enterprise. And it sends sure indicators. On this case: I see some meme inventory shit.

I can completely think about company insiders figuring, effectively, Reddit is the place for meme shares, so yolo, and many others. Besides right here’s the factor:…

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