I’m completely uninformed when it comes to USA legislation, so here’s a question:
If the reasoning in the OP of the linked Reddit thread is correct, with Huffman and Newhouse seeking to enrich themselves at the expense of retail shareholders, would there be any possibility for the shareholders to sue them?
I’m asking that because I expect at least some suckers to buy Reddit stock, even if only to diversify their portfolios.
The structure of their ownership is public knowledge and available to anyone looking to purchase. That pretty much covers them in the US. Zuckerberg has a somewhat similar deal with meta.
I’m completely uninformed when it comes to USA legislation, so here’s a question:
If the reasoning in the OP of the linked Reddit thread is correct, with Huffman and Newhouse seeking to enrich themselves at the expense of retail shareholders, would there be any possibility for the shareholders to sue them?
I’m asking that because I expect at least some suckers to buy Reddit stock, even if only to diversify their portfolios.
The structure of their ownership is public knowledge and available to anyone looking to purchase. That pretty much covers them in the US. Zuckerberg has a somewhat similar deal with meta.
Damn. That also hints why they’re selling shares only in USA, not in other countries.
[Thank you for the info!]