honestly, im shocked it stayed over the ipo price so far.
i was expecting a drop, kinda like robinhood
this post was submitted on 30 Mar 2024
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Folks just taking profit
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
Sure it does. All they have to do is fire the CEO and they'll have so much more money.
only 25%? still some ways to go
Perhaps they shouldn't have driven away a significant number of their most engaged content creators.
If he dies, he dies
Well, spez and the COO sold over a million shares. I thought they'd be tied down by some kind of lock-in period.
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.
Did they?? Fucking grifters
Corpo exit scam?
Considering that 'opportunity' they gave to long term reddit users it seems like this fleecing was planned from the get go.
Yup, this is why I didn't buy. I didn't smell a good intention. (Although, I refrained from judging whether the price would go up or down.)
Quite frankly, this scam was so obvious, I have zero sympathy for anyone who fell for it.
Narrator: it was.
Sucks to suck
What stock is going to crash faster, Reddit or Truth Social?
Reddit went public earlier, on the other hand truth social doesn't generate much of revenue, on the other hand foreign entities could purchase truth social stock.
Fuck yeah. Burn baby burn.
Flames a getting hottah!
No one could have foreseen this. No one. Not a sausage.
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.
Dead cat bounce before it settles into its long-term valuation
Then:
- Fomo
- Dives 60%
- ...
- profit?
- Profit loss
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.
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)
Did you make the request to delete your data? Simply deleting the account is usually not enough.
https://www.reddit.com/policies/privacy-policy?rdt=34844#policy-h2-7