What do you think?

  • 𞋴𝛂𝛋𝛆@lemmy.world
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    1 year ago

    Has spaz sold it all and disappeared yet? I figured it was a stage coach robbery situation. Reddit died June 10th according to my whitelist firewall. The microbes don’t die at the same time as the cadaver, but the survivors move on to a new host fast.

    • roscoe@lemmy.dbzer0.com
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      1 year ago

      Are his shares restricted? The way I understand it, usually insiders aren’t allowed to sell until some time after the IPO.

      • hauiA
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        1 year ago

        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.

        • dubyakay@lemmy.ca
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          1 year ago

          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.

          • hauiA
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            1 year ago

            Jeez. I thought insiders werent allowed to sell at all for x amount of time.

            • John_McMurray@lemmy.world
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              1 year ago

              They aren’t. But, you can set a number to sell at the IPO. You can’t dump the rest a week later if the price sky rockets.

              • hauiA
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                1 year ago

                Interesting! Thanks for mentioning it.