scottywh@lemmy.world to News@lemmy.world · 6 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square170fedilinkarrow-up1637arrow-down115cross-posted to: reddit@lemmy.world
arrow-up1622arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to News@lemmy.world · 6 months agomessage-square170fedilinkcross-posted to: reddit@lemmy.world
minus-squarethisorthatorwhatever@lemmy.worldlinkfedilinkarrow-up1arrow-down4·6 months agoHe 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?
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?