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Reddit is going public and inviting investment from key users, some think it might be the beginning of the end though
Reddit shares could be purchased by top users as the platform allocates 1.3 million shares to fund community-related programs.
In an unusual proposition, the social network forum has reserved 1.3 million shares of its Class A common stock to ‘fund community-related programs that empower Redditors to bring their ideas to life.’ The BBC reports an opinion from a forum-loving fan: “When the most important customers shift from [users] to shareholders, the product always [suffers]. Heading straight into a regional newsroom, after graduating with a BA (Hons) degree in Journalism, Sophie started by working for Reach PLC.
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