eggmasterflex

I don’t think so. I mean, some publications might, but big ones like Bloomberg and Reuters have acknowledged since the IPO that the major investors believe it is well overvalued. IIRC they reported that Fidelity and Blackrock gave it a $5B valuation. I recall another major investor cited the difficulty of feeding paid ads to its user base in the current community based format, and unsuccessful attempts to push profile/user centric “feeds” (similar to Facebook and Twitter) instead.

I guess it’s combined 25k since I got the message. A massive number of casual users will qualify for that considering Reddit has been around for over a decade.

Are they really just spamming out a scam email to hundreds of thousands of their users? They can’t get a good enough valuation with real investors so they’re banking on having enough non-financially savvy people in their massive user base to be able to cash out with a valuation they know is bullshit? Really?

Considering there are legal requirements to become an accredited investor for private companies, I’m surprised something like this (and on this scale) is even allowed. Isn’t this fraud?

I got one even though I deleted all my posts and comments months ago. I have not engaged on Reddit since then.

Also, what is the threshold? I only have 14k post and 19k comment karma which is pretty low considering the size and age of Reddit. I don’t think I’ve ever even posted anything in a large sub, just niche hobby ones.

Are they just asking everyone now?

Wow I guess they’re not even trying to hide it anymore.

There’s a ton of these accounts. They gather karma with scripts that randomly repost top 100 all time posts on big subs and then delete them so their account looks clean. Then they sell it to ad companies that post client sanctioned posts and comments and get paid based on user engagement with the brand.

Check out r/hailcorporate. A huge portion of Reddit is just guerrilla advertising.