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[–] 109 points 2 years ago (2 children)

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

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  • [–] 17 points 2 years ago (2 children)

    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.

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  • [–] 89 points 2 years ago (3 children)

    Well, spez and the COO sold over a million shares. I thought they'd be tied down by some kind of lock-in period.

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  • [–] 70 points 2 years ago (3 children)

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

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  • [–] 16 points 2 years ago

    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.

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  • [–] 51 points 2 years ago* (1 child)

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

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  • [–] 51 points 2 years ago (2 children)

    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.

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  • [–] 4 points 2 years ago

    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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  • [–] 27 points 2 years ago

    If he dies, he dies

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  • [–] 15 points 2 years ago

    Sucks to suck

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  • [–] 15 points 2 years ago

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

    i was expecting a drop, kinda like robinhood

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  • [–] 13 points 2 years ago

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

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  • [–] 9 points 2 years ago (1 child)

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

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  • [–] 5 points 2 years ago

    only 25%? still some ways to go

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  • [–] 0 points 2 years ago

    Folks just taking profit

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