Ryan Sean Adams (rsa.eth)
@rsa.eth
So the top reddit creators - the ppl who make reddit what it is - aren't getting equity they're getting the *ability to buy* reddit shares at IPO price? Umm...thanks for the worst airdrop ever? In crypto if you don't airdrop to your best users they will abandon you for a network that does.
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Ryan Sean Adams (rsa.eth)
@rsa.eth
source: https://www.wsj.com/finance/stocks/reddit-stock-ipo-buyers-users-58744446?mod=hp_lead_pos5
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agrimony↑🎩
@agrimony.eth
thats called a whitelist ser
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Gabe Rabello (aka Barry Lime)
@barry
Though to be fair, this is still better than what most other legacy companies have done for their userbase. Facebook didn’t let their users get first dibs on the IPO.
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Jeremy
@deczard
The Reddit alternative should be built on @farcaster !
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Peter🎩
@silencedogood.eth
Still beats Starknet
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oliver
@oliverk120.eth
It's definitely worth something - typically share prices pop the first day of trading (avg ~14% but can be higher)
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Fran
@0x99fran
I dont find this negative. I see this like crypto pulling web 2 companies in the direction of crypto values. Prioritizing ownership among the user base is a crypto value. Seems very web 2.5.
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Elie
@elie
Tokens are broken. I’m happy to keep getting the free money but doesn’t mean any loyalty. Reddit has a product that provides value to users. That’s why they’ll continue to use the product.
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SSJ2_Spartan
@ssj2
I don't see a problem with this within TradFi as this isn't a privilege retail investors normally get also, in TradFi the purpose of an IPO is for the company to raise capital moreover, airdrops have been good for users but I'm not sure if its been good for the tokens itself, while users have become entitled as well
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Patrick
@patrickayelle.eth
Don’t bring this up to Molly…
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