HubitoReddit@lemmy.worldEnglish·7 months agocross-posted to: reddit@lemmy.mlReddit shares plunge almost 25% in two days, finish the week below first day close(www.cnbc.com)external-linkarrow-up1861arrow-down115message-square173fedilink
arrow-up1846arrow-down1external-linkReddit shares plunge almost 25% in two days, finish the week below first day close(www.cnbc.com)HubitoReddit@lemmy.worldEnglish·7 months agocross-posted to: reddit@lemmy.mlmessage-square173fedilink
minus-squareBeardedGingerWonderEnglisharrow-up3arrow-down1·7 months agolinkfedilinkIn what way do you think they’ve siphoned $16mm out of Reddit?
minus-squareGuntriggerarrow-up1arrow-down0·7 months agolinkfedilinkAwarded themselves shitloads of stock, then sold a quarter of their shares each as soon as humanly possible. That money is not being invested in the company, it’s going straight in these individual’s pockets.
In what way do you think they’ve siphoned $16mm out of Reddit?
Awarded themselves shitloads of stock, then sold a quarter of their shares each as soon as humanly possible. That money is not being invested in the company, it’s going straight in these individual’s pockets.