ReedReads@lemmy.zip to Reddit@lemmy.world · 3 months agoNow that Reddit's IPO is done, what is the over/under on when old.reddit.com gets killed?message-squaremessage-square34fedilinkarrow-up1140arrow-down13file-text
arrow-up1137arrow-down1message-squareNow that Reddit's IPO is done, what is the over/under on when old.reddit.com gets killed?ReedReads@lemmy.zip to Reddit@lemmy.world · 3 months agomessage-square34fedilinkfile-text
minus-squaredubyakaylinkfedilinkarrow-up1·3 months agoHe still kept majority of his shares. Like the previous poster said he can’t sell more or SEC will grab him by his tiny balls.
minus-squarehaui@lemmy.giftedmc.comlinkfedilinkarrow-up1·3 months agoJeez. I thought insiders werent allowed to sell at all for x amount of time.
minus-squareJohn_McMurray@lemmy.worldlinkfedilinkarrow-up2·3 months agoThey aren’t. But, you can set a number to sell at the IPO. You can’t dump the rest a week later if the price sky rockets.
minus-squarehaui@lemmy.giftedmc.comlinkfedilinkarrow-up1·3 months agoInteresting! Thanks for mentioning it.
He still kept majority of his shares. Like the previous poster said he can’t sell more or SEC will grab him by his tiny balls.
Jeez. I thought insiders werent allowed to sell at all for x amount of time.
They aren’t. But, you can set a number to sell at the IPO. You can’t dump the rest a week later if the price sky rockets.
Interesting! Thanks for mentioning it.