Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying::Reddit says it wants to reward users by letting them buy into the company’s public listing. Some say it’s too risky—others say they won’t pay a company they’ve already given hours of free labor to.
It’s based on Karma or mod actions and the invites are going out in waves. I’ve taken a screenshot from reddit’s faq page regarding the program that shows the tiers.
Hm, 25k karma is not what I’d call a power user, but ok. Thanks for sharing.
They’ll only invite people at that level if nobody buys at the higher tiers.
Oh, that makes more sense
Imagine being in /r/centuryclub but still not being cool enough to get into the real exclusive club - Group 1 reddit IPO.
That’s literally the group they just offered to. So, I guess not enough people bought the first wave.