Ok, thanks, I’m unfamiliar with pre IPO access, so that’s helpful. Just to make sure I understand, from Reddit’s perspective, they weren’t setting the option price lower than the market price when the option offered? There was just a pre ipo market which you got the ability to trade on, no income earned when executing the option?
Correct. You were offered 1000-5000 shares depending on your accounts celebrity status at the strike price of $34. This was the same buy in price on Robinhood. As someone who was at Reddit from 2009 on. I could t believe I was banned for a joke I made hundreds of times in the past. Bros old. When’s he going to broke?
If you sold today. Still a 30,000$ investment would be worth nearly a million.
They made the offer to specific long term accounts pre-ipo. No different than with Robinhood pre ipo access.
Ok, thanks, I’m unfamiliar with pre IPO access, so that’s helpful. Just to make sure I understand, from Reddit’s perspective, they weren’t setting the option price lower than the market price when the option offered? There was just a pre ipo market which you got the ability to trade on, no income earned when executing the option?
Correct. You were offered 1000-5000 shares depending on your accounts celebrity status at the strike price of $34. This was the same buy in price on Robinhood. As someone who was at Reddit from 2009 on. I could t believe I was banned for a joke I made hundreds of times in the past. Bros old. When’s he going to broke?