Reddit power users who participated in the company's IPO made millions of dollars as a group in profits after the stock's big jump in its first day on the market.
It's a model that was used by companies like Airbnb , Rivian and Doximity to reward their loyal users and customers.
In a reply to LearnedButt, Reddit user friskevision wrote, "Although I didn't invest as much as you, I did make a quick $1,500.
Reddit user Reepicheepee made a small investment in the shares.
The Reddit user Galactic responded, "High-5, fellow DSP dumper," adding, "Never thought this site would make me money, but here we are!"
Persons:
Redditors, Drew Vollero, Axios, —, LearnedButt, friskevision, Reddit, blackberrydoughnuts, Reepicheepee, follysurfer, subreddit, Steve Huffman, Huffman, Redditor erjo5055
Organizations:
New York Stock Exchange, Inc, CNBC, GameStop, AMC Entertainment, Galactic
Locations:
It's