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Reddit plans to reserve shares for its big users in IPO, WSJ reports
(www.reuters.com)
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this post was submitted on 21 Feb 2024
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No wonder so many mods were licking Reddit's boots.
Some were licking the boot because reddit promised ways to monetize subs during a Mod Summit ~2 years ago (business model would be taking a cut of all transactions happening on their platform). I quit modding shortly after and then reddit entirely so I'm not sure if they ever implemented this. Even if they didn't, mods will remember that promise.