![]() (ticker: FB), dropped 31% in its first year, but the stock is up some 795% from the offering price. IPOs of other high-profile social-media companies have been mixed, at least at first. Others recalled sites like Myspace and digg, successful social-media platforms in their time, which suffered as attempts to cash in misfired. “You either die a hero, or live long enough to become a public company that will monetize the sh-t out of us,” one user wrote on the forum, which is famous for its crude language, memes, and inside jokes. Reddit had more than 50 million active users as of January, but 2021’s meme-stock explosion could have spurred further growth. The company declined to comment beyond its IPO filing. ![]() ![]() (TSLA), and GameStop-joked that Reddit, once public, could look for new ways to make money from users, potentially harming users’ experience. Many of the top comments on the WallStreetBets forum-the hub for retail investors who made aggressive options bets on companies such as
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