• octopus_ink@lemmy.ml
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    7 months ago

    if they believed in the company, they would hold their stock.

    The COO holds 1.4 million now, so she dumped 25% of her shares

    • msage@programming.dev
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      7 months ago

      Selling quarter of your stock AT THE FUCKING IPO is a shame. I can’t believe people are defending that.

      And I suspect they can’t sell the rest as easily as the A shares.

      • octopus_ink@lemmy.ml
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        7 months ago

        I have nothing I’m willing to defend about Reddit management, I love the idea that they will end up penniless one day (though I’m sure that will not happen.)

        I just don’t think selling off 25% of one’s shares (necessarily) means what has been suggested.

          • howrar@lemmy.ca
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            7 months ago

            Selling everything = I have no faith

            Keeping everything when these shares represent almost your entire net worth = I know with 100% certainty that this business will grow

            Selling off 25% = I believe in the company, but I also acknowledge that there are many variables outside of my control that can affect the success of this company and I don’t want those to have huge negative repercussions on my life.

        • msage@programming.dev
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          7 months ago

          And how does that go against the “they don’t have faith in their business” argument?

          • dmrzl@programming.dev
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            7 months ago

            Imagine talking about faith in that situation. If you really think faith is a good base for financial decisions you better keep far away from the stock market.