I think it says something that Reddit's CEO and COO both sold a shitton of their shares instead of holding longer. It's a shame that some garbage human beings are going to make big money off of this, but I guess at least the true believers will see their investment disappear.
The tech scams are fucking real and a lot of people even those who should potentially know better don't understand how even the well known brands these days are operating on fake growth. I rant about this a lot and I get repetitive but it needs to be posted about and I think there's way more going on than even people quite informed on this potentially know about. Faking growth through government money, fake job applications, fake jobs, fake revenue and then everybody wonders why these CEOs bail on their companies and the people in charge have to cut all these frankly useless employees that don't generate any value for the company.
My favourite behaviour I've been noticing about the tech company startups is how you've got these millennial CEOs who are trying to hype up whatever they're attempting to sell and it looks like they're using the money they have purely as a vehicle of getting bought out by one of the bigger companies and letting those idiot investors act as a bagholder.
it looks like they're using the money they have purely as a vehicle of getting bought out by one of the bigger companies and letting those idiot investors act as a bagholder.
There aren't that many endgames. You get stuck as a medium size business. You get bought, or you get big enough to dominate something and be one of the buyers. Of these, the sellout option both enriches the founders and often absolves them of responsibility.
guy sold at like 32 or something, short term he looks like a doofus but long term he'll look like a genius when the stock plummets down to near single digits.
Also where do the real wsb congregate these days? reddit wsb is pure ass.
The executives have probably been waiting to cash out. In many ways, public offering is a maneuver to dump the company's debt on some pension fund while insiders exit with cash.
I think it says something that Reddit's CEO and COO both sold a shitton of their shares instead of holding longer. It's a shame that some garbage human beings are going to make big money off of this, but I guess at least the true believers will see their investment disappear.
The tech scams are fucking real and a lot of people even those who should potentially know better don't understand how even the well known brands these days are operating on fake growth. I rant about this a lot and I get repetitive but it needs to be posted about and I think there's way more going on than even people quite informed on this potentially know about. Faking growth through government money, fake job applications, fake jobs, fake revenue and then everybody wonders why these CEOs bail on their companies and the people in charge have to cut all these frankly useless employees that don't generate any value for the company.
My favourite behaviour I've been noticing about the tech company startups is how you've got these millennial CEOs who are trying to hype up whatever they're attempting to sell and it looks like they're using the money they have purely as a vehicle of getting bought out by one of the bigger companies and letting those idiot investors act as a bagholder.
There aren't that many endgames. You get stuck as a medium size business. You get bought, or you get big enough to dominate something and be one of the buyers. Of these, the sellout option both enriches the founders and often absolves them of responsibility.
guy sold at like 32 or something, short term he looks like a doofus but long term he'll look like a genius when the stock plummets down to near single digits.
Also where do the real wsb congregate these days? reddit wsb is pure ass.
The executives have probably been waiting to cash out. In many ways, public offering is a maneuver to dump the company's debt on some pension fund while insiders exit with cash.