I lost my 14 year old Reddit mod account. That modded a million plus subreddit. Because I made a joke that McConnell was close to death. Which he is. But they banned me before having to offer me stock options. Cunts.
People often think it was the encryption key controversy that broke Digg. Nah, the massive vote brigades and cliques operating blatantly on the open were the first nail. The second nail was Digg redesign with the stated goal of “power users are good ackshually and no way this will go wrong”
If random ordinary users don’t have any power on the site anymore - won’t be heard and will just be punished for ordinary actions - what has Reddit really become?
Was the option to purchase the stock at a reduced rate, or just to purchase it before the IPO? When that happened, it just seemed like a way to inflate their opening stock price by getting the most hard core users to literally buy in.
Ok, thanks, I’m unfamiliar with pre IPO access, so that’s helpful. Just to make sure I understand, from Reddit’s perspective, they weren’t setting the option price lower than the market price when the option offered? There was just a pre ipo market which you got the ability to trade on, no income earned when executing the option?
Correct. You were offered 1000-5000 shares depending on your accounts celebrity status at the strike price of $34. This was the same buy in price on Robinhood. As someone who was at Reddit from 2009 on. I could t believe I was banned for a joke I made hundreds of times in the past. Bros old. When’s he going to broke?
I lost my 14 year old Reddit mod account. That modded a million plus subreddit. Because I made a joke that McConnell was close to death. Which he is. But they banned me before having to offer me stock options. Cunts.
I just woke up to my 15 year old account with a warning and “suspended for suspicious activity” 🤣
Fuckkkkkkk Reddit. It’s killing itself off.
reddit is making way for right wing-only content, they allow “other side content” to drive up engagement.
Remember what killed Digg? Sarah Palin super users getting Republican content to the top of Digg. That will just kill Reddit off sooner.
People often think it was the encryption key controversy that broke Digg. Nah, the massive vote brigades and cliques operating blatantly on the open were the first nail. The second nail was Digg redesign with the stated goal of “power users are good ackshually and no way this will go wrong”
If random ordinary users don’t have any power on the site anymore - won’t be heard and will just be punished for ordinary actions - what has Reddit really become?
Why was your 14 year old a reddit mod?
Because if he was 15 he would be too mature to be a mod!
Ba-dum-tissssss
This feels like the internet version of Statler and Waldorf bit
They offer mods stock options?
Long term and popular accounts were offered stock options. I missed it because I was banned. I had millions of upvotes on that account. Very popular.
Was the option to purchase the stock at a reduced rate, or just to purchase it before the IPO? When that happened, it just seemed like a way to inflate their opening stock price by getting the most hard core users to literally buy in.
If you sold today. Still a 30,000$ investment would be worth nearly a million.
They made the offer to specific long term accounts pre-ipo. No different than with Robinhood pre ipo access.
Ok, thanks, I’m unfamiliar with pre IPO access, so that’s helpful. Just to make sure I understand, from Reddit’s perspective, they weren’t setting the option price lower than the market price when the option offered? There was just a pre ipo market which you got the ability to trade on, no income earned when executing the option?
Correct. You were offered 1000-5000 shares depending on your accounts celebrity status at the strike price of $34. This was the same buy in price on Robinhood. As someone who was at Reddit from 2009 on. I could t believe I was banned for a joke I made hundreds of times in the past. Bros old. When’s he going to broke?