@[email protected] to [email protected]English • 1 year agoReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comexternal-linkmessage-square173fedilinkarrow-up1861cross-posted to: [email protected][email protected][email protected][email protected]
arrow-up1861external-linkReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.com@[email protected] to [email protected]English • 1 year agomessage-square173fedilinkcross-posted to: [email protected][email protected][email protected][email protected]
minus-squareyeehawlinkfedilink45•1 year ago“Earlier this week, Reddit disclosed in a corporate filing that CEO Steve Hoffman sold 500,000 shares, and Reddit COO Jennifer Wong also disclosed that she sold 514,000 shares.” Third bullet point. Nuff said.
minus-square@[email protected]linkfedilink1•1 year agoThis is normal and not a big deal at all. Essentially happens with most IPOs.
minus-squareFlying Squidlinkfedilink24•1 year agoThat is definitely part of it, but r/Wallstreetbets is also shorting the fuck out of the stock. One of multiple threads- https://www.reddit.com/r/wallstreetbets/comments/1bcfl86/reasons_to_short_the_reddit_ipo_make_big/
“Earlier this week, Reddit disclosed in a corporate filing that CEO Steve Hoffman sold 500,000 shares, and Reddit COO Jennifer Wong also disclosed that she sold 514,000 shares.”
Third bullet point. Nuff said.
This is normal and not a big deal at all. Essentially happens with most IPOs.
That is definitely part of it, but r/Wallstreetbets is also shorting the fuck out of the stock.
One of multiple threads- https://www.reddit.com/r/wallstreetbets/comments/1bcfl86/reasons_to_short_the_reddit_ipo_make_big/
Oh I forgot about those guys. Juicy.
Tally ho lads