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Reddit IPO could usher in the next big meme stock, users speculate

TechCrunch · 1y

Reddit, the popular social media platform, plans to go public with an IPO and is offering shares to its devoted users. In a departure from the norm, Reddit is giving priority to investors based on their amount of karma, a measure of user contribution. Users who see the potential for Reddit to become the next meme stock are considering investing. Communities like r/WallStreetBets have already had a significant impact on the stock market. However, some users are skeptical about the IPO, believing it is a ploy to profit from user loyalty without giving them free shares.