Reddit is taking a nontraditional approach with its IPO by making a portion of its shares available to some of its most loyal users before the general public. The move is meant to appeal to the user base and create a deeper sense of ownership among those who contribute their time to managing the site, potentially engendering even greater loyalty. However, this approach could also come at a cost if the stock price sinks after the IPO, with individual investors being the most affected."
Read this story from "Fortune" for free without being tracked.
https://read.distractionfree.site/fortune/2024/02/22/reddit-unusual-ipo-redditors-loyal-users/
#RedditIPO #NontraditionalApproach #LoyalUserBase #GreaterLoyalty #StockPriceSink
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npub19v…mj236
2024-02-23 05:50:05
Author Public Key
npub19vqkmyttvpwpul5njms9ej6hgc30e2t03shnx9dzyvy4gwstcc4s0mj236Published at
2024-02-23 05:50:05Event JSON
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"content": "Reddit is taking a nontraditional approach with its IPO by making a portion of its shares available to some of its most loyal users before the general public. The move is meant to appeal to the user base and create a deeper sense of ownership among those who contribute their time to managing the site, potentially engendering even greater loyalty. However, this approach could also come at a cost if the stock price sinks after the IPO, with individual investors being the most affected.\"\n\nRead this story from \"Fortune\" for free without being tracked.\n\nhttps://read.distractionfree.site/fortune/2024/02/22/reddit-unusual-ipo-redditors-loyal-users/\n\n#RedditIPO #NontraditionalApproach #LoyalUserBase #GreaterLoyalty #StockPriceSink",
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