Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.
  • athos77@kbin.social
    1·
    6 months ago

    Well, spez and the COO sold over a million shares. I thought they’d be tied down by some kind of lock-in period.

    • grte@lemmy.ca
      1·
      6 months ago

      Considering that ‘opportunity’ they gave to long term reddit users it seems like this fleecing was planned from the get go.

      • eveninghere@beehaw.org
        2·
        5 months ago

        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.)