- cross-posted to:
- reddit@lemmy.world
- cross-posted to:
- reddit@lemmy.world
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Well when the CEO gives himself 25% of the companies revenue as his annual pay, it doesn’t set a good precedent for investment growth
Sure it does. All they have to do is fire the CEO and they’ll have so much more money.
No one could have foreseen this. No one. Not a sausage.
But now we will see next week… Everyone thinks it will take a nose dive, but sometimes the market surprises us. I would not be surprised if it goes up 6% on Monday.
Well, spez and the COO sold over a million shares. I thought they’d be tied down by some kind of lock-in period.
Considering that ‘opportunity’ they gave to long term reddit users it seems like this fleecing was planned from the get go.
Quite frankly, this scam was so obvious, I have zero sympathy for anyone who fell for it.
Yup, this is why I didn’t buy. I didn’t smell a good intention. (Although, I refrained from judging whether the price would go up or down.)
Narrator: it was.
I mean, an IPO is a pretty reasonable point to allow insiders to trade. You’ve just published a huge amount of information about the company, so the insider advantage is at a relative low. It’s somewhat common for blackout periods to exist prior to things like earnings announcements, but after the announcement is usually when trading is permitted.
Perhaps they shouldn’t have driven away a significant number of their most engaged content creators.
honestly, im shocked it stayed over the ipo price so far.
i was expecting a drop, kinda like robinhood
What stock is going to crash faster, Reddit or Truth Social?
Reddit went public earlier, on the other hand truth social doesn’t generate much of revenue, on the other hand foreign entities could purchase truth social stock.
Folks just taking profit
