38 Reddit stock down 24% to $49.32 from a $65 peak in TWO days. (media.scored.co) posted 1 year ago by GiveThemNothing 1 year ago by GiveThemNothing +38 / -0 26 comments share 26 comments share save hide report block hide replies
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.