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Hackers demand $4.5 million and API price reversal from Reddit | Engadget
(www.engadget.com)
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Correct. They said they would hold on to the info and wait for reddit's IPO.
The info must have informed them that reddit is intentionally tanking to take down gme subreddits.
They know releasing it into their IPO will tank the company so thd threat now of all times makes sense.