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Potential ‘meme stock’ Reddit will let Redditors sell shares immediately

Reddit's IPO should be interesting to watch -- and not just because the business remains unprofitable, but also because of how the company has chosen to

Reddit’s IPO should be interesting to watch — and not just because the business remains unprofitable, but also because of how the company has chosen to bring in its community of active users and moderators into its public markets debut. “Given the broad awareness and brand recognition of Reddit, including as a result of the popularity of r/wallstreetbets among retail investors, and the direct access by retail investors to broadly available trading platforms, the market price and trading volume of our Class A common stock could experience extreme volatility for reasons unrelated to our underlying business or macroeconomic or industry fundamentals, which could cause you to lose all or part of your investment if you are unable to sell your shares at or above the initial offering price. However, the company struggles to turn a profit on both a GAAP and adjusted basis, despite its scale which sees the site attracting 267 million weekly active users engaging across its over 100,000 communities.

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