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Kerb ,
@Kerb@discuss.tchncs.de avatar

honestly, im shocked it stayed over the ipo price so far.

i was expecting a drop, kinda like robinhood

andri ,

Folks just taking profit

kowcop ,

Well when the CEO gives his elf 25% of the companies revenue as his annual pay, it doesn’t set a good precedent for investment growth

Archpawn ,

Sure it does. All they have to do is fire the CEO and they’ll have so much more money.

expatriado ,

only 25%? still some ways to go

DirkMcCallahan ,

Perhaps they shouldn’t have driven away a significant number of their most engaged content creators.

Igotz80HDnImWinning ,

If he dies, he dies

athos77 ,

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 ,

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

infinitevalence ,
@infinitevalence@discuss.online avatar

Narrator: it was.

Diplomjodler ,

Quite frankly, this scam was so obvious, I have zero sympathy for anyone who fell for it.

eveninghere ,

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.)

_sideffect ,

Did they?? Fucking grifters

Sabata11792 ,
@Sabata11792@kbin.social avatar

Corpo exit scam?

Avanera ,

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.

finthechat ,
@finthechat@kbin.social avatar

Sucks to suck

mercano ,
@mercano@lemmy.world avatar

What stock is going to crash faster, Reddit or Truth Social?

takeda ,

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.

happybadger ,
@happybadger@hexbear.net avatar

Fuck yeah. Burn baby burn.

RavenFellBlade ,
@RavenFellBlade@startrek.website avatar

Flames a getting hottah!

fartsparkles ,

No one could have foreseen this. No one. Not a sausage.

1984 ,
@1984@lemmy.today avatar

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.

masterofn001 ,

Then:

  1. Fomo
  2. Dives 60%
  3. …
  4. profit?
finickydesert ,
@finickydesert@lemmy.ml avatar
  1. Profit loss
stewie3128 ,

Dead cat bounce before it settles into its long-term valuation

NewNewAccount ,

Facebook was also down after a couple days and in its first couple weeks. Look how that turned out.

kadu ,
@kadu@lemmy.world avatar

Reddit emailed me to buy their shares even though I had deleted my account, which should be protected by LGPD (brazilian GDPR) and therefore my email should no longer be stored. Fun times.

Ghostalmedia ,
@Ghostalmedia@lemmy.world avatar

Did you make the request to delete your data? Simply deleting the account is usually not enough.

www.reddit.com/policies/privacy-policy?rdt=34844#…

takeda ,

The shares they offered to redditors were meant to drive price up in case it would tank on the first day. Once it looked good they rejected purchases.

Looks like they now want people to bump the price now (if I understand you correctly)

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