75K LOYAL REDDITORS CAN SNAG SHARES BEFORE REDDIT GOES PUBLIC

Summary from the TLDR newsletter

Reddit hopes to entice its users to become shareholders to help drive change and make the market more fair to individual traders. 75,000 of the most prolific Redditors will have the opportunity to buy shares before trading starts when the company goes public later this year, possibly as soon as March. The privilege is usually reserved for big investors. Reddit announced its IPO in December 2021, when it was valued at about $10 billion. The site experienced widespread protests in June last year after it killed off many third-party apps by charging for access to its API. Users are still questioning the company's leadership over the decision.