Hubi@feddit.de to Reddit@lemmy.worldEnglish · 8 months agoReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comexternal-linkmessage-square166fedilinkarrow-up1861arrow-down115cross-posted to: reddit@lemmy.mlanticorporate@lemmy.giftedmc.combecomeme@sh.itjust.works
arrow-up1846arrow-down1external-linkReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comHubi@feddit.de to Reddit@lemmy.worldEnglish · 8 months agomessage-square166fedilinkcross-posted to: reddit@lemmy.mlanticorporate@lemmy.giftedmc.combecomeme@sh.itjust.works
minus-squareyeehaw@lemmy.calinkfedilinkarrow-up44·8 months 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-squarePrinceali311@lemm.eelinkfedilinkarrow-up1arrow-down1·8 months agoThis is normal and not a big deal at all. Essentially happens with most IPOs.
“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.