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Has anyone else received the Direct Share Program email for Reddit's IPO? (lemmy.zxcvn.xyz)

submitted 8 months ago by [email protected] to c/[email protected]

38 comments fedilink hide all child comments

I got an email from reddit to the address for one of my old Reddit logins. The text, in part, when visiting the URL they provided (had to be logged in, not all of my old handles could see it):

Yes, it's really happening this time, and as we take the next step toward becoming a public company, we're inviting all eligible redditors to participate in Reddit's IPO.

“Eligible” you note skeptically? Yes. Unfortunately, there are a ton of imposed legal restrictions defining when, who, and how we do this. So while our goal is to give all redditors the same access to stock as institutional investors (why should they have all the fun?), our lawyercats tell us we must follow specific rules listed below.

Our Directed Share Program (“DSP”) is set up to let eligible users and moderators own a piece of Reddit by purchasing Reddit stock at the same price as institutional investors when we IPO. We will offer this opportunity to as many redditors as we are able to accommodate, and the number of people who can participate is limited.

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[–] [email protected] 3 points 8 months ago (2 children)

Oh I didn't know there were tiers, whereabouts is that?

[–] [email protected] 2 points 8 months ago

https://redditforcommunity.com/Directed-Share-Program

[–] [email protected] 2 points 8 months ago (1 children)

When you sign up, they explain that there are tiers based on karma or number of moderation actions.

[–] [email protected] 1 points 8 months ago (1 children)

Oh shit, I think that was announced right at the time of the exodus. When I signed up, there was no such thing. But my last alt had been created maybe 5-6 years ago.

[–] [email protected] 1 points 8 months ago (1 children)

They meant when you sign up for the DSP:

The tiers are (poorly) explained here:

https://redditforcommunity.com/Directed-Share-Program

[–] [email protected] 1 points 8 months ago (1 children)

Thanks for that, I either didn't see the same thing when I got the email, or otherwise just didn't scroll long enough (just went back to check, there's link to a FAQ which appears to be the same as your link).

But what I had in mind in my last comment was the contributor program, which looks like the "Reddit community programs" in one of the tables in your link. I had left in the June exodus, and it looks like the program was announced in Sep.

[–] [email protected] 1 points 8 months ago

Yeah - I have no idea what the “MVP” community programs are. I also left during the exodus, but qualified through karma anyway.