ReedReads@lemmy.zip to Reddit@lemmy.world · 9 months agoNow that Reddit's IPO is done, what is the over/under on when old.reddit.com gets killed?message-square39fedilinkarrow-up1136arrow-down12file-text
arrow-up1134arrow-down1message-squareNow that Reddit's IPO is done, what is the over/under on when old.reddit.com gets killed?ReedReads@lemmy.zip to Reddit@lemmy.world · 9 months agomessage-square39fedilinkfile-text
minus-squarehaui@lemmy.giftedmc.comlinkfedilinkarrow-up3arrow-down1·9 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-squaredubyakay@lemmy.calinkfedilinkarrow-up1·9 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-squarehaui@lemmy.giftedmc.comlinkfedilinkarrow-up1·9 months agoJeez. I thought insiders werent allowed to sell at all for x amount of time.
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.