👀 Reddit IPO making web2.5 moves with its equity “airdrop”

Anyone following the story?

👀 Reddit IPO making web2.5 moves with its equity “airdrop”

Anyone following the story?

https://www.wyomingpublicmedia.org/2024-02-22/meet-rddt-popular-social-platform-reddit-to-sell-stock-in-an-unusual-ipo

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance

It’s so crazy that this isn’t an airdrop. The channel creators made Reddit. Inviting them to “invest” after getting them to this point is so offensive.

onchain jams. building and tending /garden- + department.energy | https://twitter.com/codybrown

it could benefit the shareholders in the long run. some of Reddit's community has already fractured w/ how they handled Apollo. This is even more flagrant and could see why some would leave.

A true airdrop wouldn't benefit existing shareholders who are looking for liquidity.