▲ 621 ▼ Reddit Insiders Selling Days After IPO; Shares Fall (www.investors.com) submitted 2 years ago by scottywh@lemmy.world to c/news@lemmy.world 162 comments fedilink hide all child comments
[–] ExcursionInversion@lemmy.world 21 points 2 years ago (1 child) Where are you getting this info? https://www.cnbc.com/video/2024/03/27/reddit-shares-slump-after-ceo-steve-huffman-sells-500000-shares.html https://www.sec.gov/Archives/edgar/data/1713445/000162828024011448/reddit-sx1a2.htm#i1b9a579e78a34dfa99f7f26daeec195b_100 permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev 29 points 2 years ago* (1 child) According to the second link, he sold nearly all of his class A shares, but none of his class B shares. His total share of the company went from 3.2% to 2.6%, which, is still not insignificant. permalink fedilink source parent hideshow 2 child comments replies: [–] laverabe@lemmy.world 13 points 2 years ago* (last edited 2 years ago) (2 children) yeah but your *OP's statement 'he sold almost all of his shares' isn't really accurate as he really only sold 19% of his shares permalink fedilink source parent hideshow 4 child comments replies: [–] nyctre@lemmy.world 3 points 2 years ago* 19% is still a lot higher than the "only 40mil out of a 16 bil stock" that I've seen mentioned and upvoted elsewhere in the thread. But yeah, not that big of a deal, I imagine. I was expecting him to sell over 30% permalink fedilink source parent [–] nulluser@programming.dev 2 points 2 years ago (1 child) Thar wasn't me. permalink fedilink source parent hideshow 2 child comments replies: [–] laverabe@lemmy.world 1 point 2 years ago oops, my mistake. added correction permalink fedilink source parent
[–] nulluser@programming.dev 29 points 2 years ago* (1 child) According to the second link, he sold nearly all of his class A shares, but none of his class B shares. His total share of the company went from 3.2% to 2.6%, which, is still not insignificant. permalink fedilink source parent hideshow 2 child comments replies: [–] laverabe@lemmy.world 13 points 2 years ago* (last edited 2 years ago) (2 children) yeah but your *OP's statement 'he sold almost all of his shares' isn't really accurate as he really only sold 19% of his shares permalink fedilink source parent hideshow 4 child comments replies: [–] nyctre@lemmy.world 3 points 2 years ago* 19% is still a lot higher than the "only 40mil out of a 16 bil stock" that I've seen mentioned and upvoted elsewhere in the thread. But yeah, not that big of a deal, I imagine. I was expecting him to sell over 30% permalink fedilink source parent [–] nulluser@programming.dev 2 points 2 years ago (1 child) Thar wasn't me. permalink fedilink source parent hideshow 2 child comments replies: [–] laverabe@lemmy.world 1 point 2 years ago oops, my mistake. added correction permalink fedilink source parent
[–] laverabe@lemmy.world 13 points 2 years ago* (last edited 2 years ago) (2 children) yeah but your *OP's statement 'he sold almost all of his shares' isn't really accurate as he really only sold 19% of his shares permalink fedilink source parent hideshow 4 child comments replies: [–] nyctre@lemmy.world 3 points 2 years ago* 19% is still a lot higher than the "only 40mil out of a 16 bil stock" that I've seen mentioned and upvoted elsewhere in the thread. But yeah, not that big of a deal, I imagine. I was expecting him to sell over 30% permalink fedilink source parent [–] nulluser@programming.dev 2 points 2 years ago (1 child) Thar wasn't me. permalink fedilink source parent hideshow 2 child comments replies: [–] laverabe@lemmy.world 1 point 2 years ago oops, my mistake. added correction permalink fedilink source parent
[–] nyctre@lemmy.world 3 points 2 years ago* 19% is still a lot higher than the "only 40mil out of a 16 bil stock" that I've seen mentioned and upvoted elsewhere in the thread. But yeah, not that big of a deal, I imagine. I was expecting him to sell over 30% permalink fedilink source parent
[–] nulluser@programming.dev 2 points 2 years ago (1 child) Thar wasn't me. permalink fedilink source parent hideshow 2 child comments replies: [–] laverabe@lemmy.world 1 point 2 years ago oops, my mistake. added correction permalink fedilink source parent
[–] laverabe@lemmy.world 1 point 2 years ago oops, my mistake. added correction permalink fedilink source parent