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Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying (www.wired.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying::Reddit says it wants to reward users by letting them buy into the company’s public listing. Some say it’s too risky—others say they won’t pay a company they’ve already given hours of free labor to.

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[–] Cheradenine@sh.itjust.works 24 points 8 months ago (8 children)

There have been quite a few comments like yours here. Is everyone on Lemmy a former 'power user'. That would be great.

In another thread a former mod said that both they and their bot had been given the offer.

[–] dhork@lemmy.world 11 points 8 months ago

Someone replied to me in another thread and said that they were giving invites out in stages based on number of mod actions or karma. The first cutoff was "only" 200k karma. The lowest was 20k.

I was thinking of signing up just to see the information but then I read the prospectus and realized it was a losing investment, plain and simple.

[–] Deceptichum@sh.itjust.works 6 points 8 months ago

I apparently must be as I got one as well.

[–] Dasnap@lemmy.world 5 points 8 months ago (1 children)

Last I checked my account was in the top 1% of karma.

[–] stoly@lemmy.world 3 points 8 months ago (1 children)

lol yeah century club with a 16 year old account here. I got nothing.

[–] nilloc@discuss.tchncs.de 1 points 8 months ago

I just got one 7 hours ago.

15,955 post karma 166,632 comment karma

13 years and a few gildings over the years. Plus I was an alien blue user who got a bunch of years of gold before Reddit’s first app kill off.

[–] OutsizedWalrus@lemmy.world 3 points 8 months ago

I had two accounts over the years that I’ve gotten to higher tier levels.

It was honestly pretty easy back in the day. There were a couple of topics that I could pretty consistently get 5k+ karma from. Large subs with well known view points. Play into those and you take in massive amounts of karma.

[–] empireOfLove2@lemmy.dbzer0.com 2 points 8 months ago

my old account before it got banned was well over 500k. I'd been on since 2013. yeah, most of us are power users I think.

[–] Theharpyeagle@lemmy.world 1 points 8 months ago

I got one with 10k karma and 133k comment karma. Of course, most of my karma is from talking about cartoons, so I'm not sure that really makes me the kind of "power user" that would spend money on this.

[–] crypticthree@lemmy.world 1 points 8 months ago

I have around 700k comment karma

[–] samus12345@lemmy.world 1 points 8 months ago

I certainly never considered myself a "power user," but I got an invite despite not using reddit since mid-June last year.