Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.
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It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.
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Yep. Did the same.
Ironic that reddit goes the way of digg.
How much would that be divided each currently active Lemmy instance?
And they don't even let you report it as the spam it is.
I got banned for doing this. "Report abuse", they called it.
No one regrets getting banned from nazi digg.
So instead of Report abuse, they see it as Report abuse.
So my 16 year account with 90k legit comment karma wasnt good enough to be invited?
Now I dont get to early participate in the fomo panic IPO being forced by investors?
I could've made or lost tens of dollars.
I’m at 10 year with about 500k combined. They sent me one. I laughed. Made me feel about as special as being given a pizza Friday at a job I’d been working for just as long. Actually, I would have been happier with the pizza.
that's so weird because I got an email inviting me to participate and I haven't ever been considered a 'prolific poster'. I'm only at 60k and 12 years. I had no clue I was invited until I looked in my spam folder.
How do I buy puts on this?
CBOE will create options for it pretty soon after IPO, probably that week or the next. You'll definitely be able to buy puts on it before you'll be allowed to short sell it.
They lost 93 million on 2023, and paid the CEO more than double that.
Nope - can't think of a single thing they could do to make reddit profitable.
They paid him just shy of 400k. The stock and options he was given have nothing to do with reported losses. It's all monopoly money until IPO, them we'll see what it's worth.
Paying yourself 190 million in stock options when the company is running at a loss is pretty much blatantly admitting that the company is severely overvalued. My guess is that it will tank 90% once it goes public. If not more, Reddit produces nothing inherent of value and they are really hostile to their users.
Well kinda but not really, he owns around 4% of Reddit which is where the $193m comes from because of the $5b valuation.
Still, fuck spez
That little "tldr" at the beginning of that text wall makes me feel gross
Most of that money is in stock, so he's doing this to further inflate his stock value
This is such an amazing grift. I can't wait until more social media firms start trying to direct-market their stock to their user base.
No way this can backfire
And watch as being a shareholder confers no tangible benefits for owning stock in the website of which you are a user, or worse, you get benefits, but they are limited to how much stock you have.
That's how stock normally works.