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Could this all be deliberate to tank Reddit stock as soon as it goes public to make money off shorting?
by Razengan 3y ago
Could this all be deliberate to tank Reddit stock as soon as it goes public to make money off shorting?
- aveao 3y agothat'd be insider trading, and FTC has generally has opinions about that
- HWR_14 3y agoThe FTC may have opinions about that, but the SEC files lawsuits about it.
- cityofdelusion 3y agoIts going to tank but for a different reason -- because like Coinbase, Robinhood, and other hyped stock listings, all the insiders are going to dump shares on the unsuspecting retail public. I imagine day 1 of trading will be the highest the stock ever gets.
- greiskul 3y agoLol, good luck doing that during a recession, and after pissing users off. They might have tricked me into buying it before this fiasco, but definitely they lost me now.
- nonethewiser 3y agoYou have to be kidding me.
- UncleMeat 3y agoExecs (and most employees) aren’t allowed to short their own stock.
- rchaud 3y agoFor Reddit to go public they have to submit a financial disclosure known as the S-1. This will give the public an idea of Reddit's finances and business model. There's a long way to go before shorting can happen. If anything, Reddit are shorting themselves.