$Reddit(RDDT)$ Reddit is about

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$Reddit(RDDT)$ Reddit is about to go public, and it's already making a huge splash. Tencent is Reddit's second largest shareholder, and OpenAI CEO Altman is the third largest shareholder. The IPO values Reddit at $6 billion, only half of its valuation in previous funding rounds. But what’s really exciting is that Reddit plans to offer subscription rights to tens of thousands of core top users with no lock-in period. There is no lock-up period and I am not worried about retail investors triggering a post-IPO selling wave. Instead, it may be reminiscent of the GameStop mania of a few years ago. This is definitely an interesting development to watch. 🚀📈

# Reddit is Sinking! Will You Short the Meme Stock?

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