It's not just market conditions that have Reddit moderators like Gilbert forgoing the investment opportunity.
Reddit has long had a rocky relationship with moderators and the site's most dedicated users, or Redditors.
In total, Reddit said underwriters have reserved 1.76 million of the 8 million shares in the IPO for the DSP.
Meme stocksOf all companies, Reddit knows something about stock market volatility.
However, given the dearth of tech IPOs since the start of 2022, White said Reddit's offering is "probably a little more risky."
Persons:
Jonathan Raa, Sarah Gilbert, she's, She's, Airbnb, Doximity, Reddit's, Klaviyo —, It's, Gilbert forgoing, Reddit, Steve Huffman, Gilbert, you've, Alexis Ohanian, Twitch, BuckRowdy, Joshua White, White, FormicaDinette33, subreddits, it's, Wrestlegirl, Maharaj, shouldn't, He's, jeering, Courtnie Swearingen, Victoria Taylor, Swearingen, San, — CNBC's Cameron Costa
Organizations:
Nurphoto, Getty, New York Stock Exchange, Cornell University's Citizens, Technology, Google, YouTube, Facebook, CNBC, GameStop, AMC Entertainment, Vanderbilt University
Locations:
New, Chicago, San Francisco