"Reddit's Unusual IPO: Power Users Invited to Invest as Company Discloses Bitcoin and Ether Holdings"

Reddit, the popular social media platform, has filed for an initial public offering (IPO) to sell stock on the New York Stock Exchange under the ticker symbol "RDDT." The company, known for its laissez-faire approach to online communities, plans to allow top users and individual investors to purchase shares, with eligibility based on their contributions and reputation on the platform. Reddit's move to go public comes amid efforts to generate revenue and address profitability concerns, as it faces pressure to demonstrate its ability to be profitable.