There were lots of people saying they were being offered pre-IPO shares due to their community involvement. I'm told at about 35 dollars?
I deleted my Reddit account during the recent API debacle. These days the cool kids are all at KBin and Lemmy the distributed unsellable threadiverse. Won't be no IPO of the threadiverse.
But there's a lot of uncool kids still there, and they are easier advertising fodder.
Usually you'll see a new IPO drop 50% before it even decides which way to go. So I'd say sell 'em fast if you got 'em at 35 dollars. Rebuy at 25 of you really wanna hold long term for some reason. My guess would be Reddit does not do well, even if they become a meme stock.
@pre or, possibly it could be that they have a good plan for the future and a path to profitability. ... Probably not. I grant you, but it is a possibility.
Did you know: Reddit refused my advertising money. They would not accept my adverts for my tarot deck even just posted to the actual tarot subreddit on account of tarot being occult or some such prudish christian nonsense. Probably nonsense their payment provider insists upon.
They occasionally email asking if i want to advertise with them again and I usually ignore it but sometimes rant back that they won't just shut and take my money.
I doubt being a public company has changed their policy.