Reddit users don’t want to buy Reddit stock

• Reddit’s upcoming IPO will give moderators the opportunity to buy stock.
• But many users aren’t interested in the popular r/WallStreetBets and r/stocks subreddits.
• “Can I pre-register for Shorts?” one Redditor asks.

Reddit has announced an initial public offering, with an IPO scheduled for next month under the ticker RDDT. And on Wednesday, it announced a $60 million annual deal with Google to license content for AI training.

What it does is provide moderators with something unusual: the opportunity to buy stock. The possibility of a large number of her Redditors owning the stock is enough of a volatility risk that it had to be mentioned in the IPO filing. (lol)

However, Reddit power users actually Interested in buying Reddit stock? Take a peek.

r/WallStreetBets is a subreddit with 15 million subscribers dedicated to meme-centric stock chatter, best known for the 2021 GameStop stock boom. The reaction was…cool, you might say.

“Can someone tell me how to short an IPO?” one user posted on r/WallStreetBets about Thursday’s announcement.

Another user, a moderator with a Karma score of over 300,000, posted a screenshot of a message he received from Reddit about joining the Directed Shares Program, wondering if he should invest.

“Hard pass,” someone answered.

“The question is, Should I eat where I’m talking shit? ” Another mused.

“Only if you sell it for half price next week,” said another.

Sentiment was similarly enthusiastic on r/stock.

“Please short it until it is delisted.”

“Please short it.”

“So, I can pre-register to acquire shares…but can I pre-register to sell short?”

“This is a septic tank filled with the stupidest monkeys, led by dull, incompetent hacks with a lust for power. It’s hard to monetize.”

Of course, the small sample of teens who might post about stocks doesn’t necessarily mean it’s good forward-looking advice. (Please, please do not use this for stock advice.)

And complaining about the social networks you currently post on is one of the most important activities for people who are very online.

What this means for Reddit’s IPO is anyone’s guess. But for now…lol.