Reddit Insiders Selling Days After IPO; Shares Fall
Reddit Insiders Selling Days After IPO; Shares Fall
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170 comments
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I won't lie, I do regret not making a quick buck off of it. I could have gotten in at 30-something and out at 40-something easily enough.
I just couldn't stomach the thought of buying RDDT. I also guessed Pigboy Spez and his pals would leave us suckers holding the bag.
Turns out some brave peasants did make money on the IPO. Just not this peasant.
I suspect the stock will spiral down from here.
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Meh. Hindsight and all that.
People said it about Apple, Amazon, and Bitcoin. Can’t know which ones that will happen with and which won’t.
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I didn’t want to tie my user name to my real life details for that payoff.
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Same here! I gave them a fake email and didn't want to do myself to them. Glad you brought that up.
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On the desktop version of reddit you can click through the screen that asks for an email. I never gave reddit my email.
Had to make a new email for lemmy though.
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I thought about it, and I refused on a moral ground to support reddit. It still may go up, despite everything.
Rich people don't usually have morals... That's the difference between us and them.
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There are no guarantees an IPO will pop, even a buzzy one. Uber debuted at the low end of their estimate and trended downward, for ex, and didn't recover for over a year.
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My instinct was that there would be irrational exuberance for the stupid stock. And ignored it.
The market is often pure speculation and gambling until the sobriety kicks in.
Anyway, I missed out on this one because of my caution and contempt for reddit. No point crying over it.
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170 comments