FuckBigNewsMedia on Nostr: Reddit is taking a nontraditional approach with its IPO by making a portion of its ...

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