Being a Reddit user has always had its perks, but now the most loyal Redditors will get VIP passes to own part of the company.
Beware the apes, Reddit told the world in its IPO documents, though not in such explicit terms. Put simply, the company warned potential investors that one of its subreddits, the infamous r/WallStreetBets, could make its stock price and volume extremely volatile—and there’s little Reddit can do about it.