News for hackers. Stuff that matters.
Re:Reddit S1 by goles on Thursday February 22, 2024 @05:24PM (#39474178)
They discuss the Directed Shares Program on page 224.

https://www.sec.gov/Archives/edgar/data/1713445/000162828024...

Briefly - Users & Moderators will be invited on 6 phased tiers. Accounts created on or before Jan 1st, 2024.

T1 - Users identified by us who have made meaninful contribution to Reddit community programs.

T2 - 200,000 Karma / 5,000 Mod actions

T3 - 100,000 Karma / 2,500 Mod actions

T4 - 50,000 Karma / 1,000 Mod actions

T5 - 25,000 Karma / 500 Mod actions

T6 - All eligible users

Class A Common stock, # and % appears redacted.

Re:Reddit S1 by rospaya on Thursday February 22, 2024 @07:03PM (#39475112)
15yr club, 90k karma, former mod of a 200k sub - no stocks for me. Then again I've grown to despise reddit and whatever I contributed.
Re:Reddit S1 by calf on Thursday February 22, 2024 @09:28PM (#39476217)
I'm 17yr club casual redditor, I just comment without regard to karma or anything like that.
Re:Reddit S1 by grecy on Thursday February 22, 2024 @06:27PM (#39474798)
Huh. That 100k karma might finally be worth something!
Re:Reddit S1 by 01HNNWZ0MV43FF on Thursday February 22, 2024 @05:55PM (#39474500)
Too bad all my old alts either rotated or got hellbanned lol
Re:Reddit S1 by diox8tony on Monday February 26, 2024 @02:04PM (#39515497)
Is there a price listed anywhere? thats all i care about finding out