vegeta@lemmy.world to News@lemmy.world · 6 months agoTrump's coming stock bustwww.businessinsider.comexternal-linkmessage-square25fedilinkarrow-up1151
arrow-up1151external-linkTrump's coming stock bustwww.businessinsider.comvegeta@lemmy.world to News@lemmy.world · 6 months agomessage-square25fedilink
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up18·6 months agoYep. spez and the CFO sold hundreds of thousands of shares and r/wallstreetbets were planning on shorting it pretty much the second the IPO was announced months ago.
minus-squareOutsizedWalrus@lemmy.worldlinkfedilinkarrow-up8·6 months agoI don’t really find that to be damning. They’ve been trying to turn a financial windfall for a while. That’s just them finally cashing out.
minus-squareClanOfTheOcho@lemmy.worldlinkfedilinkarrow-up6·6 months agoIsn’t there normally a restriction from executives selling stock for a period of time after an IPO?
minus-squaregregorum@lemm.eelinkfedilinkEnglisharrow-up2·6 months agoThe top brass sold off a portion of the stock, not the majority of it, and certainly not all of it.
Reddit has already come down.
Yep. spez and the CFO sold hundreds of thousands of shares and r/wallstreetbets were planning on shorting it pretty much the second the IPO was announced months ago.
I don’t really find that to be damning. They’ve been trying to turn a financial windfall for a while. That’s just them finally cashing out.
Isn’t there normally a restriction from executives selling stock for a period of time after an IPO?
The top brass sold off a portion of the stock, not the majority of it, and certainly not all of it.