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submitted 7 months ago by BrikoX@lemmy.zip to c/technology@lemmy.zip

Reddit must now answer to its shareholders as well as its vocal users.

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[-] BigMikeInAustin@lemmy.world 103 points 7 months ago

When did Reddit answer to any users?

[-] givesomefucks@lemmy.world 61 points 7 months ago

About 15 years ago.

When they first got popular and had to ban all the pedo subs because people were pissed

[-] Anticorp@lemmy.world 15 points 7 months ago

All the time. The answers were usually to the tone of "lol, fuck you".

[-] homesweethomeMrL@lemmy.world 40 points 7 months ago

Hey member that time AOL bought Warner Brothers. And everybody was all “wow these internet companies are here to stay!”

Lol

[-] Anticorp@lemmy.world 19 points 7 months ago

Ha! It's already falling in price.

[-] bradorsomething@ttrpg.network 4 points 7 months ago

If 45 breaks monday this turkey is dead

[-] timicin@lemmygrad.ml 1 points 7 months ago* (last edited 7 months ago)

i doubt it matters since huffman already got his money.

i wonder if any moderators regret making him rich at the expense of their own time and effort; with nothing to show for it

[-] Liz@midwest.social 10 points 7 months ago

Can anyone remember what share price Reddit offered to "power users?"

[-] givesomefucks@lemmy.world 26 points 7 months ago

IPO price, around $30, so it's up 50%.

Normal IPO, you have to hold like 6 months then sell. It artificially increases scarcity and keeps price up.

The reddit users can sell right now though, and if enough do it at once, it can scare off new buyers and make those who already bought after IPO sell.

It could waterfall and leave the traditional IPO buyers who can't sell get stuck holding the bag.

[-] AlexWIWA@lemmy.ml 3 points 7 months ago

It was pretty damn high

[-] ColeSloth@discuss.tchncs.de 1 points 7 months ago* (last edited 7 months ago)

It was $34 I'm waiting for options to pop up so I can buy puts and make money on it dropping to $25 over the next 6 weeks.

*I got my puts bought today when share price was $51. I went for four months out on expiration. Wish me luck! Or come back in July and offer condolences.

[-] eran_morad@lemmy.world 7 points 7 months ago

Lotsa regards gonna be sellin ass behind the Wendy’s dumpster.

[-] FireTower@lemmy.world 6 points 7 months ago

As well as?

I'm not to sure about that second part.

this post was submitted on 23 Mar 2024
100 points (96.3% liked)

Technology

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