HACKER Q&A
📣 jimhi

Did Reddit ever end up giving equity to any of its users?


https://www.theverge.com/2014/9/30/6874353/reddit-50-million-funding-give-users-10-percent-stock-equity

I always thought this was a bold idea and yet I never heard anything about it after was this one comment from Sam Altman's AMA:

https://www.reddit.com/r/IAmA/comments/2hwr02/i_am_sam_altman_lead_investor_in_reddits_new/ckwqv8x/

Did it not pass regulation or did they just abandon the idea?

Gigster also made similar claims and I have not heard anything since: https://techcrunch.com/2016/11/01/gigster-fund/

  👤 nojito Accepted Answer ✓
They just announced the vault. Which uses what they call "community points"

https://www.reddit.com/vault/

👤 rshnotsecure
Reddit has changed ownership structure significant since these comments were made. It is highly unlikely that Tencent would be willing to see their $300 million investment from last year diluted at all [1]. Tencent is also one of the largest companies in China, essentially a State Owned Enterprise (SOE). Such a move would clearly privilege American users, who have been on Reddit significantly longer, than it would Chinese citizens.

Keep in mind the telecom connections to add the internet to China were not made until 1994, and residential was not available even to Beijing until 1997.

[1] - https://techcrunch.com/2019/02/11/reddit-300-million/amp/