Hubi@feddit.de to Reddit@lemmy.worldEnglish · 2 years agoReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comexternal-linkmessage-square171linkfedilinkarrow-up1861arrow-down115
arrow-up1846arrow-down1external-linkReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comHubi@feddit.de to Reddit@lemmy.worldEnglish · 2 years agomessage-square171linkfedilink
minus-squareBeardedGingerWonder@feddit.uklinkfedilinkEnglisharrow-up3arrow-down1·2 years agoIn what way do you think they’ve siphoned $16mm out of Reddit?
minus-squareGuntrigger@feddit.chlinkfedilinkarrow-up1·2 years agoAwarded 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.