The best part is that this whole thing is about having the "opportunity" to purchase reddit stock at its IPO price. This user generated content farm wouldn't dare give away equity for free to users responsible for the site having any past, present, or future value.

I'm not a finance person, but the only gambling I'd do on this company is hope that Wall Street pumps the price post-IPO so I can short it.

My understanding is that the value of each reddit user is priced roughly at $2. A Facebook user is priced at roughly $40. Their only options to maybe be profitable are more enshittification, more users, or both. Or, you know, not paying hundreds of millions of dollars to the execs of an RSS feed with voting and comments.

I got offered a while ago and I had 1,500 link and 0.5M comment karma after a decade. I was never a moderator or did anything important. I can't imagine that was considered meaningfully contributed. At least I hope not.

As someone who was invited to that first group and told them to go fuck themselves, it's actually mostly people who have participated in reddit surveys and reddit mod meetups (where mods from a local area get blasted on Huffman's dime). Almost every mod that I know that went to one of these events got an invite and all of them gave similar answers to me.

Also, 200k karma isn't a ton. It likely places you in the top 1%, but most people don't participate anyways. I had over 300k (I think, I'm not checking) and maybe 1k was from a single post. Everything else was from the occasional comment

For the first group though they didn't actually bother to look into them. The 2 subs I ran have both been private since the last priest despite numerous warnings that I'd be removed if I didn't make them public. And my subs participated in numerous protests before then.

Still a mod on there all this time later!