vegeta@lemmy.world to News@lemmy.world · 8 months agoTrump's coming stock bustwww.businessinsider.comexternal-linkmessage-square21fedilinkarrow-up1147arrow-down15
arrow-up1142arrow-down1external-linkTrump's coming stock bustwww.businessinsider.comvegeta@lemmy.world to News@lemmy.world · 8 months agomessage-square21fedilink
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up18arrow-down2·8 months agoYep. spez and the CFO sold hundreds of thousands of shares and r/wallstreetbets were planning on shorting it pretty much the second the IPO was announced months ago.
minus-squareClanOfTheOcho@lemmy.worldlinkfedilinkarrow-up6·8 months agoIsn’t there normally a restriction from executives selling stock for a period of time after an IPO?
minus-squaregregorum@lemm.eelinkfedilinkEnglisharrow-up2·8 months agoThe top brass sold off a portion of the stock, not the majority of it, and certainly not all of it.
minus-squareOutsizedWalrus@lemmy.worldlinkfedilinkarrow-up7arrow-down3·8 months agoI don’t really find that to be damning. They’ve been trying to turn a financial windfall for a while. That’s just them finally cashing out.
Yep. spez and the CFO sold hundreds of thousands of shares and r/wallstreetbets were planning on shorting it pretty much the second the IPO was announced months ago.
Isn’t there normally a restriction from executives selling stock for a period of time after an IPO?
The top brass sold off a portion of the stock, not the majority of it, and certainly not all of it.
I don’t really find that to be damning. They’ve been trying to turn a financial windfall for a while. That’s just them finally cashing out.