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My guess is that the current Reddit Inc. investors know that the price per share will sink in the initial public offering. So to squeeze a bit more cash, they're trying to sell some shares to suckers who are emotionally invested into the platform, before the IPO.
If that's correct it's extremely scummy, bait-and-switch behaviour. And damn stupid given that Reddit's CEO Steve "Greedy Pigboy" Huffman was taunting and pissing off powerusers and moderators not too long ago.
It will pump at first then crash hard, like Robinhood did.
I wonder if Spez is a wall street bets user and he'll buy puts against his own company ๐ค
A couple days after the initial pump, your Shares will be available for trading
He is aligned with WSB power users and mods.
WSB is their golden goose.
Reddit doing something extremely scummy? Never!
"get it now, while supplies last!!!!" hurry up motherfucker and dump your money