Reddit goes Wall Street: Moderators to Receive Stock Options

In a surprising turn of events, social news aggregator Reddit has announced its plans to go public. This move could bring in approximately 748 million US dollars for the company, which has not been profitable thus far. A total of 22 million shares will be sold at a price ranging from 31 to 34 US dollars.

What makes this announcement particularly interesting is that even subreddit moderators will benefit from the IPO. Eight percent of the shares have been set aside for them, according to the information provided in Reddit’s S-1 filing with the US Securities and Exchange Commission.

With over 73 million daily active users, Reddit boasts an impressive user base. The company already has an extensive list of investors, including Tencent and Andreessen Horowitz.

In a press release, Reddit also revealed an expanded partnership with Google. Google will have the right to use Reddit’s Data API for an annual fee of 60 million US dollars, in order to enhance its products and services. This collaboration aims to improve the training of AI models and increase revenue through targeted advertising.

However, the Federal Trade Commission (FTC), a US trade watchdog, plans to investigate the sale, licensing, or sharing of user-generated content on Reddit with third parties. So, before you post that hilarious cat video, you might want to think twice.

All in all, Reddit’s IPO and partnership with Google are significant developments for the company. It remains to be seen how these changes will impact the platform and its users, but one thing’s for sure: the role of subreddit moderators just got a lot more interesting. Let’s hope they don’t start wearing Wall Street suits and carrying briefcases full of memes.

Schlagwörter: Reddit + Andreessen Horowitz + Google

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