▲ 846 ▼ Reddit shares plunge almost 25% in two days, finish the week below first day close (www.cnbc.com) submitted 2 years ago by Hubi@feddit.de to c/reddit@lemmy.world 165 comments fedilink hide all child comments
[–] octopus_ink@lemmy.ml 6 points 2 years ago (1 child) if they believed in the company, they would hold their stock. The COO holds 1.4 million now, so she dumped 25% of her shares permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 10 points 2 years ago (2 children) Selling quarter of your stock AT THE FUCKING IPO is a shame. I can't believe people are defending that. And I suspect they can't sell the rest as easily as the A shares. permalink fedilink source parent hideshow 4 child comments replies: [+] Illuminostro@lemmy.world 5 points 2 years ago (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev -2 points 2 years ago (1 child) And how does that go against the "they don't have faith in their business" argument? permalink fedilink source parent hideshow 2 child comments replies: [–] dmrzl@programming.dev 3 points 2 years ago Imagine talking about faith in that situation. If you really think faith is a good base for financial decisions you better keep far away from the stock market. permalink fedilink source parent [–] octopus_ink@lemmy.ml 5 points 2 years ago* (1 child) I have nothing I'm willing to defend about Reddit management, I love the idea that they will end up penniless one day (though I'm sure that will not happen.) I just don't think selling off 25% of one's shares (necessarily) means what has been suggested. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev -3 points 2 years ago (1 child) What would you agree means that they don't have faith in their business? permalink fedilink source parent hideshow 2 child comments replies: [–] howrar@lemmy.ca 2 points 2 years ago Selling everything = I have no faith Keeping everything when these shares represent almost your entire net worth = I know with 100% certainty that this business will grow Selling off 25% = I believe in the company, but I also acknowledge that there are many variables outside of my control that can affect the success of this company and I don't want those to have huge negative repercussions on my life. permalink fedilink source parent
[–] msage@programming.dev 10 points 2 years ago (2 children) Selling quarter of your stock AT THE FUCKING IPO is a shame. I can't believe people are defending that. And I suspect they can't sell the rest as easily as the A shares. permalink fedilink source parent hideshow 4 child comments replies: [+] Illuminostro@lemmy.world 5 points 2 years ago (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev -2 points 2 years ago (1 child) And how does that go against the "they don't have faith in their business" argument? permalink fedilink source parent hideshow 2 child comments replies: [–] dmrzl@programming.dev 3 points 2 years ago Imagine talking about faith in that situation. If you really think faith is a good base for financial decisions you better keep far away from the stock market. permalink fedilink source parent [–] octopus_ink@lemmy.ml 5 points 2 years ago* (1 child) I have nothing I'm willing to defend about Reddit management, I love the idea that they will end up penniless one day (though I'm sure that will not happen.) I just don't think selling off 25% of one's shares (necessarily) means what has been suggested. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev -3 points 2 years ago (1 child) What would you agree means that they don't have faith in their business? permalink fedilink source parent hideshow 2 child comments replies: [–] howrar@lemmy.ca 2 points 2 years ago Selling everything = I have no faith Keeping everything when these shares represent almost your entire net worth = I know with 100% certainty that this business will grow Selling off 25% = I believe in the company, but I also acknowledge that there are many variables outside of my control that can affect the success of this company and I don't want those to have huge negative repercussions on my life. permalink fedilink source parent
[+] Illuminostro@lemmy.world 5 points 2 years ago (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev -2 points 2 years ago (1 child) And how does that go against the "they don't have faith in their business" argument? permalink fedilink source parent hideshow 2 child comments replies: [–] dmrzl@programming.dev 3 points 2 years ago Imagine talking about faith in that situation. If you really think faith is a good base for financial decisions you better keep far away from the stock market. permalink fedilink source parent
[–] msage@programming.dev -2 points 2 years ago (1 child) And how does that go against the "they don't have faith in their business" argument? permalink fedilink source parent hideshow 2 child comments replies: [–] dmrzl@programming.dev 3 points 2 years ago Imagine talking about faith in that situation. If you really think faith is a good base for financial decisions you better keep far away from the stock market. permalink fedilink source parent
[–] dmrzl@programming.dev 3 points 2 years ago Imagine talking about faith in that situation. If you really think faith is a good base for financial decisions you better keep far away from the stock market. permalink fedilink source parent
[–] octopus_ink@lemmy.ml 5 points 2 years ago* (1 child) I have nothing I'm willing to defend about Reddit management, I love the idea that they will end up penniless one day (though I'm sure that will not happen.) I just don't think selling off 25% of one's shares (necessarily) means what has been suggested. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev -3 points 2 years ago (1 child) What would you agree means that they don't have faith in their business? permalink fedilink source parent hideshow 2 child comments replies: [–] howrar@lemmy.ca 2 points 2 years ago Selling everything = I have no faith Keeping everything when these shares represent almost your entire net worth = I know with 100% certainty that this business will grow Selling off 25% = I believe in the company, but I also acknowledge that there are many variables outside of my control that can affect the success of this company and I don't want those to have huge negative repercussions on my life. permalink fedilink source parent
[–] msage@programming.dev -3 points 2 years ago (1 child) What would you agree means that they don't have faith in their business? permalink fedilink source parent hideshow 2 child comments replies: [–] howrar@lemmy.ca 2 points 2 years ago Selling everything = I have no faith Keeping everything when these shares represent almost your entire net worth = I know with 100% certainty that this business will grow Selling off 25% = I believe in the company, but I also acknowledge that there are many variables outside of my control that can affect the success of this company and I don't want those to have huge negative repercussions on my life. permalink fedilink source parent
[–] howrar@lemmy.ca 2 points 2 years ago Selling everything = I have no faith Keeping everything when these shares represent almost your entire net worth = I know with 100% certainty that this business will grow Selling off 25% = I believe in the company, but I also acknowledge that there are many variables outside of my control that can affect the success of this company and I don't want those to have huge negative repercussions on my life. permalink fedilink source parent