reddit CEO Hoffman and executives sell their reddit shares 5 days after IPO 😂😂😂
btw Why is the link displayed like that? "access denied"...
https://www.investors.com/news/technology/reddit-insiders-selling-days-after-ipo-shares-fall/?src=A00220Open linkView original on fedit.pl
Reddit is dying.
Sure doesn't look that way.
Well only time will tell, my friend.
Reddit is dead. Everyone still there is fucking its dead corpse.
Reddit has 22m shares, spez had 10%, so this is 22.7% of his shares.
O shit, thats a lot. And that gave him only like 15 mln$. I mean ok thats a lot but comparing this to for example Mark's fortune its not. Damn I would short that stock if I could.
Honestly, I think you cash out while you can. reddit is what it's going to be. It peaked a long, long time ago and now is a niche website for a certain type of user, so all they can do is try to squeeze more money out of the people left.
Oh sure... Do it with a dark web market and its called "exit scamming". Do it with a shitty IPO and its a "shrewd investment"...
LOL time to bail!
That's what they said!
Well, they certainly timed it correctly.