A lot of people dislike the Reddit IPO
A Reddit user has shared a video online, where he discusses the social networking website’s Initial Public Offering. ” Reddit shares won’t help the video game community, according to a user who goes by ‘Rat’,” he said. “The rest of the internet is all a giant mess… Reddit still feels like a place where you can learn things and have fun,” he added.
There is a popular social platform that sells stock in an IPO
US-based social networking site Reddit has filed for an initial public offering (IPO) to raise as much as $200 million, Reuters reported. “We’re aiming to go public at a price of up to $500 million,” Reddit Founder Alexis Ohanian wrote in a letter. Reddit, which was founded in 1998, was valued at about $500 million in its last IPO in March this year.