scottywh@lemmy.world to

News@lemmy.world · 7 months ago

Reddit Insiders Selling Days After IPO; Shares Fall

www.investors.com

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Reddit Insiders Selling Days After IPO; Shares Fall

www.investors.com

scottywh@lemmy.world to

News@lemmy.world · 7 months ago

CEO Steve Huffman and others disclosed sales days after the IPO.

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7 months ago
He borrowed money on Reddit’s books. Reddit used that money as part of the IPO. Then he sold his shares, and got his hands on the now clean cash money. Reddit is left with the debt? Is this about right?

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