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 $34. This was the same buy in price on Robinhood. As someone who was at Reddit from 2009 on. I could t believe I was banned for a joke I made hundreds of times in the past. Bros old. When’s he going to broke?
Long term and popular accounts were offered stock options. I missed it because I was banned. I had millions of upvotes on that account. Very popular.
Was the option to purchase the stock at a reduced rate, or just to purchase it before the IPO? When that happened, it just seemed like a way to inflate their opening stock price by getting the most hard core users to literally buy in.
If you sold today. Still a 30,000$ 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?