Reddit shares plunge almost 25% in two days, finish the week below first day close : reddit

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submitted 8 months ago by ylai@lemmy.ml to c/reddit@lemmy.ml

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[-] athos77@kbin.social 90 points 8 months ago

Well, spez and the COO sold over a million shares. I thought they'd be tied down by some kind of lock-in period.

[-] grte@lemmy.ca 72 points 8 months ago

Considering that 'opportunity' they gave to long term reddit users it seems like this fleecing was planned from the get go.

[-] Diplomjodler@feddit.de 47 points 8 months ago

Quite frankly, this scam was so obvious, I have zero sympathy for anyone who fell for it.

[-] infinitevalence@discuss.online 35 points 8 months ago

Narrator: it was.

[-] eveninghere@beehaw.org 2 points 6 months ago

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.)

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this post was submitted on 30 Mar 2024

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