This is a most excellent place for technology news and articles.
Wonder if this would mean that Reddit might end up going the way of Quora, when they did their question monetisation scheme. Since users might be incentivised to become big by posting a lot, and replying a lot.
Might be interesting to see if this might mean a massive surge in reposts, or just a big increase in the amount of posting as people fight for those spots, trying to be funny/up voted enough for it.
What implications will this have for people who post other people's content for profit? Karma being worthless was the only thing keeping the whole model in a grey area, I thought.
How is buying at IPO price a “privilege”? I get that options are a privilege, and gifted stocks are, too.
The theory is that the issue price is less than what the stock will be at shortly after IPO. That's why principals get excited about IPOs. You're issued some vested shares and often have the privilege of purchasing more shares at the issue price before launch, then it goes up, you profit.
Of course, sometimes that goes hilariously wrong, see Facebook.
That's actually nice, in a vacuum
Given how rigged the entire experience became over the years, what with the relationships between supermods and admins, the number of openly broken promises and the sheer amount of asshattery involved in everyday happenings, the neverending lies, and then marginalizing the visually impaired in one stroke with a response that seemed like a useless long form of "so what are you gonna do about it?" just like they did with the API call debacle, this seems far more like a toilet factory reserving shares in shit for its biggest shitters more than anything else. And at least a toilet factory would have something tangible in porcelain to show for it in the end, but Reddit's just a huge steaming pile of ad riddled bot shit now.
I think this IPO reserve probably sounds reallllly good to both the very guilty and the very gullible, and to absolutely no one in between.
Anyone else buying puts?
Ready for that pump and dump.
Emphasis on dump . . .
I hope that one guy with both broken arms gets some of that sweet IPO action. That guy was a fucking legend
Do you think he'll kick it with coconut guy on their private island?
They can split the difference with the knife from the poop knife guy
They’ll be greeted by cum box guy.
Well I'll be damned, karma was actually worth something this whole time...
Still don't regret deleting my account. Millions in karma through years of sharing interesting things. But Reddit has become a cesspool and this only proves it is getting worse.
No wonder so many mods were licking Reddit's boots.
Some were licking the boot because reddit promised ways to monetize subs during a Mod Summit ~2 years ago (business model would be taking a cut of all transactions happening on their platform). I quit modding shortly after and then reddit entirely so I'm not sure if they ever implemented this. Even if they didn't, mods will remember that promise.
Unidan punching the air right now
Here’s the thing…
He's right behind you.
