@[email protected] to [email protected] • 9 months agoNow that Reddit's IPO is done, what is the over/under on when old.reddit.com gets killed?message-square32fedilinkarrow-up1139file-text
arrow-up1139message-squareNow that Reddit's IPO is done, what is the over/under on when old.reddit.com gets killed?@[email protected] to [email protected] • 9 months agomessage-square32fedilinkfile-text
minus-squarehauilinkfedilink6•9 months agoHe already sold over 500.000 shares, same as his CFO iirc. Classic pump and dump. Reddit is 25% down, below initial value. From an article I read today.
minus-square@[email protected]linkfedilink1•9 months agoHe still kept majority of his shares. Like the previous poster said he can’t sell more or SEC will grab him by his tiny balls.
minus-squarehauilinkfedilink1•9 months agoJeez. I thought insiders werent allowed to sell at all for x amount of time.
minus-square@[email protected]linkfedilink2•9 months agoThey aren’t. But, you can set a number to sell at the IPO. You can’t dump the rest a week later if the price sky rockets.
He already sold over 500.000 shares, same as his CFO iirc. Classic pump and dump. Reddit is 25% down, below initial value. From an article I read today.
He still kept majority of his shares. Like the previous poster said he can’t sell more or SEC will grab him by his tiny balls.
Jeez. I thought insiders werent allowed to sell at all for x amount of time.
They aren’t. But, you can set a number to sell at the IPO. You can’t dump the rest a week later if the price sky rockets.
Interesting! Thanks for mentioning it.