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Has anyone else received the Direct Share Program email for Reddit's IPO? (lemmy.zxcvn.xyz)

submitted 8 months ago by _dev_null@lemmy.zxcvn.xyz to c/asklemmy@lemmy.world

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I got an email from reddit to the address for one of my old Reddit logins. The text, in part, when visiting the URL they provided (had to be logged in, not all of my old handles could see it):

Yes, it's really happening this time, and as we take the next step toward becoming a public company, we're inviting all eligible redditors to participate in Reddit's IPO.

“Eligible” you note skeptically? Yes. Unfortunately, there are a ton of imposed legal restrictions defining when, who, and how we do this. So while our goal is to give all redditors the same access to stock as institutional investors (why should they have all the fun?), our lawyercats tell us we must follow specific rules listed below.

Our Directed Share Program (“DSP”) is set up to let eligible users and moderators own a piece of Reddit by purchasing Reddit stock at the same price as institutional investors when we IPO. We will offer this opportunity to as many redditors as we are able to accommodate, and the number of people who can participate is limited.

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[–] Socsa@sh.itjust.works 5 points 8 months ago* (last edited 8 months ago)

Yes and if you click through it asks you for a bunch of personal information to get "on the list."

I will bet all of my reddit karma that most people put on this list won't get any access, and the whole scam is to just get names and phone numbers from people.