Why Reddit Users Have Turned Against the Company’s IPO ...Middle East

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Why Reddit Users Have Turned Against the Company’s IPO
Two years ago, Reddit users established themselves as a fearsome economic force when the subreddit community WallStreetBets mobilized to save GameStop’s stock price from pessimistic Wall Street traders. Now, Reddit itself is hoping to tap into its users’ unruly energy by allowing them to participate in the company’s IPO. Reddit filed to go public last Thursday, seeking a valuation of at least $5 billion. Crucially, the company said it would set aside a large number of shares for 75,000 of the company’s most prolific users, who might be able to profit off the company’s financial success and have a seat at the company table. “Now you can become one of our (non-corporate) overlords,” Re

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