Any pointers on how to report them?
As requested, I’m posting the full text of the email into this post body. I hope it’s screen reader friendly:
u/USERNAME,
tl;dr – you’re invited to a special program that lets redditors purchase stock at the same price as institutional investors when we IPO. Details about eligibility and next steps follow. This (long, dense) email has all the info we can provide due to legal restrictions.
As you may have heard, Reddit has taken steps toward becoming a publicly traded company with the initial public filing of our registration statement with the U.S. Securities and Exchange Commission on February 22, 2024. Yes, it’s happening.
And because you have helped make Reddit what it is today, you now have the opportunity to become Reddit owners at the same price as institutional investors.
We’re offering a Directed Share Program (“DSP”) that invites eligible users and moderators who have contributed to Reddit to participate in our initial public offering (“IPO”). (Including you!) Program Requirements While being selected to pre-register is the first step, there are certain legal and regulatory requirements to participate in the DSP that are outside of Reddit’s control. Bear with us here…
To be eligible for the DSP, you must: • Be a current U.S. resident; o You will be asked to provide the DSP Administrator a valid social security or permanent resident number, along with other personal information. Reddit will not have access to this data. o Please note that U.S. residents using a VPN may face application limitations if the VPN locates them in certain non-U.S. jurisdictions. • Be at least 18 years old; • Provide your full legal name and an email address; • Not be a current or former Reddit employee (FTE). When the DSP launches (a few weeks after pre-registration ends), individuals who have been confirmed for the program will be contacted by our external DSP Administrator. You will then be asked to provide additional information securely to the DSP Administrator to confirm your eligibility. How to pre-register The number of people who can participate in the DSP is limited; we will offer this opportunity to as many redditors as we are able to accommodate. If capacity is reached before the deadline, you will be added to the waitlist. Based on demand, we may also limit the number of shares available.
If you are interested in being part of Reddit’s DSP, please go to https://reddit.com/dsp on desktop to complete the pre-registration form. If you are one of the confirmed participants, we will follow up with an email with more details in the coming weeks. You can also refer to the Frequently Asked Questions for more information. Due to regulatory restrictions (yeah… we know…) we are not able to respond to further inquiries or questions.
Pre-registering does not guarantee that you will be invited or able to participate in the DSP; it also does not obligate you to purchase shares.
As with any investment opportunity, you should make an individual decision based on your own personal circumstances and risk tolerance. Therefore, we urge you to review the preliminary prospectus, when available, before deciding whether to invest in Reddit.
The deadline for pre-registering for the DSP is March 5, 2024. If capacity is reached before the deadline, you will be added to the waitlist. What happens next? While there won’t be a confirmation email immediately after you pre-register, everyone who pre-registers will receive an email in the coming weeks from “[email protected]”, telling them whether they can proceed with the next steps for the DSP.
This is an automated message (beep, boop, beep) and does not receive replies. Please refer to the FAQ for more information. Per our lawyercats, we are not able to respond to further inquiries or questions. Prospectus and Important Disclosures The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from: Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email: [email protected]; J.P. Morgan Securities LLC, Attention:c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or email: [email protected]; and BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: [email protected].
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notification shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date. An indication of interest in response to this notification will involve no obligation or commitment of any kind.
You are receiving this email because a Reddit account, USERNAME, is registered to this email address. 548 Market St., #16093, San Francisco, CA 94104–5401
Upon leaving the EU any laws that were in use were ‘enshrined’ into UK law. In order for the UK to remove EU laws we’d need to actively remove them through an act of parliament. (At least that’s my vague understanding…) https://www.legislation.gov.uk/eu-legislation-and-uk-law
I’m happy to keep the EU laws, it’ll save time when we rejoin.🇪🇺🇬🇧
Yeah, EU directives need to be adopted into local country legislature (with some deadlines), whereas EU delegated acts (usually hierarchically under a directive) automatically apply to all EU members. Hehe, members.
When is that going to happen? I would be very happy to have you back in the club 😊
It would take years for the UK to rejoin. First there’d have to be public polling, referendum and a desire by the sitting government to start the process then it’ll be however long it takes for the EU to debate the application and then the UK needs all members to accept the application. Currently neither the two largest UK parties want to even re-open the brexit debates. So basically it’d be at least over a decade.
We could maybe be on a Norway-style deal sooner than that though… Some things like single market access or Erasmus membership don’t necessarily require the long process of EU accession
Maybe but that would also mean people from let’s say Poland can live and work in the UK right? I thought that was one of the bigger Brexit points.
Hmm tbh I don’t know which of the internationak frameworks requires freedom of movement. Norway have it bc theyre in Schenghen, we weren’t in that but we still had it because of the EU. Idk if Iceland have freedom of movement
That would require Freedom Of Movement, which from my experience living in the UK at the time of the Leave Referendum was the main thing driving the Leave vote, closely followed by the UK having to follow EU directives (i.e. the whole “sovereignty” malarkey).
Looking around (not the just UK), xenophobia has become even stronger since, not weaker and Norway-style is still mainly “following EU directives”, though with some opt-outs in things not to do with Trade or Freedom Of Movement.
Also this time around it would be Spain as an EU member whilst the UK tried to get in (the reverse of last time) so they would probably demand to get Gibraltar back as condition for their vote (which is required since a unanimous vote is required). More in general pretty much any EU member with a bone to pick with the UK would get their chance, which might also be interesting for the likes of Greece (better make sure there isn’t a leftwing government in Greece given how the UK literally intervened militarilly to make sure at the end of WWII that the Fascists ended up in power in Greece, a dictatorship that lasted until the 80s).
Ugh, it sucks to be taken revenge on for things that you literally weren’t even around for to be able to stop.
I think it’s only unfair for people who aren’t nationalists.
Those who think they’re important because they hail from an important country, on the other hand, deserve the bad along with the perceived good. Sadly in my experience Britain is thick with nationalism, heavilly promoted even by the slant of international news on TV (were Britain’s importance to the rest is always exagerated), much more than other countries I lived in.
IMHO, Brexit was powered by that excessive nationalism and even the Remain side displayed a heavilly nationalist streak (I remember the “we should stay and change the EU from the inside” argument, implying that 50 million Britons should lead the other 470 million in the EU) so it’s only fair if others reciprocate.
Personally I think most Britons deserve it, though definitelly not all.
would we really though? think about them driving around in their austin powers union jack painted minis, just whipping around random roundabouts saying “I say” and “buh herr hear haar”