Reddit goes public: the latest updates on its IPO
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Matt Levine has some thoughts about Reddit offering its stock to Redditors.
There are rumors the Reddit IPO is happening soon. Some of the most active Redditors may get the opportunity to buy in at the IPO price. Is a new meme stock in the making? Maybe!
In the 2020s, some companies are owned in large part by retail investors, and some of those investors are more interested in being part of an online community of investors, and trading jokes and memes, than they are in financial analysis. And you can make those investors happy in less traditional ways, like by giving them popcorn or buying a gold mine or doing a YouTube interview with no pants on.
Reddit’s IPO Is for Redditors
[Bloomberg]
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