This post tightly fits what I want to see in this community. Anti-corporate sentiment and “good news” for non corporate entities.
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Frankly, surprised it was only that much of a drop.
Earlier this week, Reddit disclosed in a corporate filing that CEO Steve Hoffman sold 500,000 shares, and Reddit COO Jennifer Wong also disclosed that she sold 514,000 shares.
No, not a pump and dump at all! Totally confident in our ability to execute our fiduciary duties!
If you are not emitting shares to raise money there is very little upside to going public except for your owners to be able to sell their shares.
