Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying::Reddit says it wants to reward users by letting them buy into the company’s public listing. Some say it’s too risky—others say they won’t pay a company they’ve already given hours of free labor to.
Tbh if they’d made an offer like this a couple years ago I probably would’ve taken them up on it. In fact, I remember when spez first took over he made a thread that floated a similar idea.
Yeah, Reddit became mainstream. But with the quality going down (and me just not liking it anymore), I would probably never now.
Then they started listening to consultants, and now Im here
Well everyone wants to be Zuckerberg so what else are you gonna do except get consultants?
Here’s my Reddit Gold. 🪙 One share please!
I wonder what’s considered a power user. Because I got one, and I wouldn’t have considered myself one…
What’s your approx upvote count if you don’t mind me asking? I wonder what their criteria is.
8 y.o. account, 23k post karma, 64k comment karma. So, not that much. Sadly can’t tell you over how many posts/comments, because the API Tools that used to count that all are dead. Obviously.
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Are you a mod of something? Might be related to that, cause I got an invite too and the only thing I can think of is I have moderation activity.
Nope
He’s damn close to tier 2. With some of the behind-the-scenes Karma balancing stuff he may be at 100,000 total.
Yeah they just started tier 2. I got an invite and I’ve abandoned all my accounts.
Interesting. I haven’t received anything and I’ve had my account for about the same amount of time but have 100k karma. Most of mine is also comment karma.
I have over 100k comment karma (and much less post) and got an invite. It’s meaningless anyway as I am not a US citizen.
Oh, for me too, I still find it interesting
I got one a week ago.
I did some digging on who gets what when and over the course of about a week and a half they have three tiers.
I think the first was 200K+, then I think 50K+, and then 10K+ off the top of my head.
Thank you!
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Just getting the opportunity to register an account to be included in the IPO presale event.
Just an FYI, that’s a bot, possibly either for a news site, some kind of valuation service, or for AI. Half hour old account that’s asking related questions and quoting the entire context of the question, and offering no actual input beyond that.
It looks like everyone big in crypto scam and market manipulation have such qualities. Most of them are alt right and Musk fans so it is easy to spot them.
Huh?
Say a negative thing about Brave or any of alt right hate campaigns against anyone who likes diversity. They will keep down voting whatever you post/comment and insane things happen. E.g. 2 comments supporting the same idea in the same post scoring +20 and -20. The best thing to do against is not to be there at the first place. People who think they are highly technical, nerd, bright or have elite taste shouldn’t work for Spez, for free.
I got one, and though I’ve accumulated a bunch of karma, I haven’t been regularly active for months.
It’s based on Karma or mod actions and the invites are going out in waves. I’ve taken a screenshot from reddit’s faq page regarding the program that shows the tiers.
Imagine being in /r/centuryclub but still not being cool enough to get into the real exclusive club - Group 1 reddit IPO.
That’s literally the group they just offered to. So, I guess not enough people bought the first wave.
Hm, 25k karma is not what I’d call a power user, but ok. Thanks for sharing.
They’ll only invite people at that level if nobody buys at the higher tiers.
Oh, that makes more sense
I got the invite but unprofitable companies don’t really make up a large part of my portfolio
Fill in their form with fake data ;)
Exactly. It might be that the content they own (that we have them) is worth enough for them to be profitable, but I’m not going to put money down now based on something that might happen later. They’re not a startup, they’ve been operating nearly 20 years!
I am not American tax payer but what does American government and independent organisations do regarding influencers are being bribed to help a high profile IPO?
E.g. a user will have 200K+ karma and thousands of followers and will get pre IPO share. So, will “duckyduck” will sure sit on a corner and will never try to benefit his stock? They won’t post to wall street bets? Because of ethics?
This asshole is just exercising his options to take money from the same moderators that were up in arms over his changes last year. Make no mistake, this is Spez’s revenge.
I really hope this whole thing backfires on reddit, but I think the reality is that it will further enshittify until it’s profitable, and it’s already so big it’s unlikely to fail.
Lemmy just isn’t a replacement and I think the nature of lemmy will stop it from ever being one unless someone throws godlike resources at one giant instance that federates with basically nobody.
Sounds like you should buy.
What is holding lemmy back? I use it almost exclusively for months and find it to be a great replacement.
The far left view of the community and Linux lovin showing up in nearly all of the threads.
Lemmy has relatively poor automation and moderation tools compared to Reddit. There is no automatic moderator, for example, and you also don’t have usability tools and things that other people have coded, unlike if you were to use Reddit today, or some years ago in its heyday. Beehaw defederated from lemmy.world because the tools at the time meant that anyone can sign up at
.world, and post to beehaw, bypassing their registration restrictions.Federation can also be a bit of a headache to get around if you’re a layman. Do you need to go to all of the instances, or risk losing out on content that is hosted on other places? How do you sign up to it, etc. It’s a good bit more complicated, and less intuitive compared to a centralised service like Reddit.
The user base also isn’t big enough. Lemmy doesn’t quite have the critical mass of users to make it into the mainstream, and put it in more direct competition with a place like Reddit. Even busy communities are really quiet compared to a relatively active thread. This community is arguably only as active as it seems to be because of the bot posts.
Finally, Lemmy is still pretty young, and has a fair few teething issues. It wasn’t all that long ago that servers that updated to 0.18 couldn’t see any posts from older servers, because they didn’t Federate properly, and not all that long before that where Lemmy’s UI had some serious glitches, such as by seeming to signing you in as someone else’s account. People might want something that’s a bit more stable, rather than moving over for sure.
It’s probably part of why a fair few Subreddits moved to Discord, since it doesn’t have a few of those issues, and is relatively mature.
I think the main thing holding it back is the lack of active niche communities.
Yeah a lot of people here pretend like Lemmy and as a side thing Linux are these massive things poised to take over the world but realistically they’re just a minority thing that isn’t changing much at all.
Will take a new competitor doing something completely different to really stir things up to make moving away from traditional options worthwhile.
Yeah a lot of people here pretend like Lemmy and as a side thing Linux are these massive things poised to take over the world but realistically they’re just a minority thing that isn’t changing much at all.
Your assessment of Linux is bad. So bad. Laughably bad. Hilariously bad. Ask anybody who works on servers whether or not Linux is “a minority thing that hasn’t changed much at all”.
Will take a new competitor doing something completely different to really stir things up to make moving away from traditional options worthwhile.
It depends upon who are you are, doesn’t it? For me, Lemmy hasn’t become a total replacement for reddit, but it’s replaced it about 90% I would say. The only time I spend on reddit is for those niche communities, and a lot of people don’t have those niche communities.
Linux has its uses yes.
Posters here act like the everyday consumer gives a fuck about it though, and they don’t. Great for servers, garbage for consumers.
And I’m sure lemmy can be used to replace reddit for most things, but again - the majority of everyday people won’t because it’s convoluted and not as good for their needs.
They will get created and grow
This is the big thing. There are multiple niche, and not-so-niche, subreddits that just don’t exist here. Or they have nowhere near the presence as on Reddit.
Don’t get me wrong, I’m trying to fix that by contributing where I can, but I am just one person.
For me it’s the lack of interesting communities to browse. Everything active seems to be about, Linux, programming, politics, Star Trek or anime. Some midtier memes. That’s basically a list of subreddits I had blocked on reddit. And it’s all that exists here.
Edit: I just counted. I’m subscribed to 179 communities. In the first 50 posts on my subscribed feed (basically 2 days worth of content), there are 7 communities featured. The first post that does not mention above topics and isn’t a meme is post no 15. In total, there are 4 posts in the first 50 posts that do not mention any of those topics. 2 of those are interesting to me. That’s just not a good enough ratio.
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Hey, I’m not connecting the dots about the revenge. Could you elaborate please?
I got a message from them today and I haven’t used reddit since last June or so. They must be desperate.
Same here. Quite bizarre too, since I’m not even a US citizen so I’m not even allowed to buy in. And surely based on their user data Reddit should know that…
Just fill in the form anyway with fake data. I did it.
So they’re going to send many useless invitations.
I’m in exactly the same boat. I was tempted to buy exactly one share to gamble with, and then I thought about their monetization efforts and the fact that they’re offering shares to a person who deleted every comment and post they ever made.
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The users generate the content. The users control ad viewership and thus revenue. Inviting power users to invest as retail investors is insider trading.
I received the email yesterday despite having deleted my account. I rarely if ever delete emails. This was a first in many years.
We are letting you in to take a slice if this juicy juicy pie only because you are special. Seems sometging out of a dodgy salesman or a conmans playnook to me
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Hey those one guys went to the moon, why not me too hur dur
-Spez probably
what if we edit our old posts to random junk to mess up the ai
I deleted all my comments in June, still got an invite.
a lot of people do. there are greasemonkey scripts for it. some scripts even only delete certain old posts after a certain date so reddit isn’t picking up to it quickly.
Who the fuck is reddit
Some enshittified Lemmy alternative run by a megalomaniac who sucks Elon’s dick behind Wendy’s dumpsters and milks his userbase (but not in the fun way)
I got one even though I’ve not posted in months, let it go when I made an account here. Old account though so maybe whatever algorithm they used didn’t look for recency. I don’t think I’m interested, it seems to me they have already passed the peak and are on their way down, and going public will surely just accelerate the decline.
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They sent me an offer. I ain’t buying
There have been quite a few comments like yours here. Is everyone on Lemmy a former ‘power user’. That would be great.
In another thread a former mod said that both they and their bot had been given the offer.
I apparently must be as I got one as well.
I had two accounts over the years that I’ve gotten to higher tier levels.
It was honestly pretty easy back in the day. There were a couple of topics that I could pretty consistently get 5k+ karma from. Large subs with well known view points. Play into those and you take in massive amounts of karma.
Someone replied to me in another thread and said that they were giving invites out in stages based on number of mod actions or karma. The first cutoff was “only” 200k karma. The lowest was 20k.
I was thinking of signing up just to see the information but then I read the prospectus and realized it was a losing investment, plain and simple.
I have around 700k comment karma
I certainly never considered myself a “power user,” but I got an invite despite not using reddit since mid-June last year.
Last I checked my account was in the top 1% of karma.
lol yeah century club with a 16 year old account here. I got nothing.
I just got one 7 hours ago.
15,955 post karma 166,632 comment karma
13 years and a few gildings over the years. Plus I was an alien blue user who got a bunch of years of gold before Reddit’s first app kill off.
I found it this morning. I don’t read reddit but never closed the tab and there was a noid. I read it, laughed, and moved on with my day.
I haven’t looked at my account in a few months and decided to go look just to see if I had an invite.
They must be getting more desperate s they move down the list.
That certainly has to do with account age, though that’s a strange metric to choose.
my old account before it got banned was well over 500k. I’d been on since 2013. yeah, most of us are power users I think.
Fill in the form with fake data ;)
I got it via email. Reported it as spam. 🤣
