@vegeta@lemmy.world to News@lemmy.world • 6 months agoTrump's coming stock bustwww.businessinsider.comexternal-linkmessage-square25fedilinkarrow-up1151arrow-down15
arrow-up1146arrow-down1external-linkTrump's coming stock bustwww.businessinsider.com@vegeta@lemmy.world to News@lemmy.world • 6 months agomessage-square25fedilink
minus-squareFlying Squidlinkfedilink52•6 months ago There are plenty of reasons to believe it won’t stay up there. Reason #1: It has never made money and it never will make money.
minus-squareFlying Squidlinkfedilink16•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-square@ClanOfTheOcho@lemmy.worldlinkfedilink6•6 months agoIsn’t there normally a restriction from executives selling stock for a period of time after an IPO?
minus-squaregregorumlinkfedilinkEnglish2•6 months agoThe top brass sold off a portion of the stock, not the majority of it, and certainly not all of it.
minus-square@OutsizedWalrus@lemmy.worldlinkfedilink5•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.
Reason #1: It has never made money and it never will make money.
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.
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.
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.