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Reddit power users balk at chance to participate in IPO as Wall Street debut nears - TL;DR CNBC

Reddit power users balk at chance to participate in IPO as Wall Street debut nears

Publishing timestamp: 2024-03-20 11:43:30


Summary

Reddit is inviting some users to participate in its upcoming IPO, following the lead of other companies. However, some Reddit moderators are declining the offer due to tensions with management and concerns over the company's business. The IPO comes at a time of market volatility and skepticism, with some Redditors planning to participate while others express doubts about the investment opportunity.


Sentiment: MIXED

Tickers: RBLXMETAGMEPINSRIVNSNAPDOCSABNBAMCGOOGLAMZNUNDEFINED

Keywords: klaviyo incamazon.com incamc entertainment holdings incroblox corptechnologyrivian automotive incinternetmeta platforms incdoximity incinstacart (maplebear inc)snap incgamestop corpalphabet incbusiness newspinterest incbreaking news: technologyairbnb incmobilesocial media

Source: https://www.cnbc.com/2024/03/20/reddit-power-users-balk-at-chance-to-participate-in-ipo-as-debut-nears.html


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