118
Reddit plans to reserve shares for its big users in IPO, WSJ reports
(www.reuters.com)
This is a most excellent place for technology news and articles.
Something about this is very bizarre to me. On the one hand, offering ownership to heavy users sounds like a great idea, albeit one quite counter to Reddit’s demeanor and behavior towards users over the last couple years. On the other hand, isn’t this kind of like Netflix offering shares to the subscribers who stream the most content? Just because you use a service more than anyone else doesn’t necessarily mean you should be invested in the company. I dunno, I have mixed feelings about this, but I’m generally skeptical that Reddit ever has its users best interests in mind.
Nah, it's like sharing ad revenue with content creators on youtube.
If they mean with big users, users that post and comment a lot and by that keep the community alive and kicking.
More incentive to repost trash, great.
Yeah that makes more sense. Kind of ironic though, they didn’t respect their users enough to continue allowing third party apps, but now that they realize they still need new content to sign over to some unnamed AI company, they’re suddenly willing to compensate their heaviest users by reserving shares.