Reddit users debate pre-register to buy shares, deadline is near


Last month, Reddit gave its 75,000 users the first power in company front stakes goes public later this year.

Although Reddit may have raised Billed as a “special program”, popular opinions within the Reddit community indicate that the reception has been mixed.

“I was asked to join the IPO and I'm not taking that risk,” one Reddit user posted. “The user base is not worth the investment.” Another introduced a opposite opinionnoting that the Reddit community relies on Reddit results for quality answers, while disputing the quality of that content.

Connected: Reddit co-founder Alexis Ohanian says the 'surfer mindset' is the 'right' approach to business and life.

However, others have considered Reddit an “action meme” which is a term that ironically originated on the platform.

The 15 million members on the r/WallStreetBets subreddit have previously influenced the stock market by manipulating underperforming stocks, or “meme stocks,” with GameStop being an example that costs institutions billions of dollars in loss.

Still, some investors consider Reddit a good bet.

“I want to invest in a search engine anyway because I think it's a good investment to have,” said Gillian Tahajian, a 24-year-old marketing analyst. TechCrunch. “Google is overpriced and Pinterest is failing me.”

The deadline to pre-register for Reddit shares hits this week for the 75,000 users Reddit chose to invite. According to Reddit's S-1 filing with the SEC, which the company filed to prepare for its initial public offering, Redditors who CONTRIBUTORS mainly for the community received preference for pre-registration. Reddit considered a user's “karma points,” which measure how much their actions contribute to the Reddit community, and the moderator's actions in making their choices.

Connected: Spirit Airlines is the latest meme stock up 131%.

Reddit, which he calls himself “home page”, founded BY Alexis Ohanian, Aaron SwartzAND Steve Huffman IN 2005. The platform gives users the power of posting and community moderation, which are instrumental enough to the platform's success that they were able to take the site down. last year in response to administrative changes.

Reddit could demand a $6.5 billion valuation, according to a Source CNBC.

Data from Semrush's Traffic Analytics Tool REVEALS that Reddit was the third most visited website in the US in December 2023, beating out Facebook with approximately 535 million views. Twitter, Instagram and TikTok ranked 10th, 13th and 17th respectively. Globally, Reddit GET 9th place according to Semrush, which puts its traffic numbers above TikTok and WhatsApp, but below Facebook, Twitter and Instagram.

Connected: Netflix Documentary 'Eat the Rich: The GameStop Saga' Explains the Meme Stock Saga That Cost Wall Street $20 Billion

Reddit's SEC filing reveals that the company had 267.5 million weekly active users, more than 100,000 active communities and a total number of posts of 1 billion. The company was unprofitable last year, with a net loss of $90.8 million, but plans to become profitable through “advertising, monetization of platform commerce and licensing data,” according to the filing.

The filing further shows that Reddit currently generates 98% of its revenue through advertising.

Reddit hit one $60 million deal with Google in February allowing the company to train its AI models on Reddit posts.





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