Reddit shares plunge almost 25% in two days, finish the week below first day close
Reddit shares plunge almost 25% in two days, finish the week below first day close
Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.
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Alpha71 @lemmy.world We all knew this was a pump and dump scheme. Spez got his, fuck everyone else.
154 1 Replymojofrododojo @lemmy.world did he really though? because I'd read a big chunk of that massive 100+ million dollar compensation was shares vested after IPO based on performance.
hopefully it ruins them all.
12 1 ReplyCroquette @sh.itjust.works He sold 500 000 shares for a big fat paycheck. It's not 100 millions of fictional dollars, but he still made out like a bandit.
31 0 ReplyEssentialNPC @lemmy.world I'm not so sure. That is only $25 million or so. Who can live on that?
8 1 Replynbdjd @lemmy.world Me. I can live on that. I would have to change my habits like eating more but that’s something I am willing to change.
9 0 Replypikmeir @lemmy.world Lobster and sushi only on days that end with a Y. It'll be tough cutting back but he'll manage.
1 0 Reply
Lucidlethargy @sh.itjust.works Yeah, this guy isn't even going to be able to afford caviar for dinner every night. That's not living.
9 0 Replybradorsomething @ttrpg.network $25 million will allow you to, at best, snort cocaine off a hooker’s forearm. Not doing it off her ass is like seeing a partial eclipse.
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GregorGizeh @lemmy.zip I bet i could live even off 24 Million, call me crazy
I'd have to live like a hobo tho
4 0 ReplyLemmyKnowsBest @lemmy.world I could live comfortably for the rest of my life on 1/25th of that.
3 1 ReplyJasonDJ @lemmy.zip Or you could buy a house within a reasonable distance of a major city.
1 0 ReplyLemmyKnowsBest @lemmy.world The statement you made should be in response to someone who says they need more money rather than less.
1 0 ReplyJasonDJ @lemmy.zip Sure. I'm just pointing out that a million bucks isn't that much in the grand scheme. A life-changing amount to just get one day,, sure. But it's still basically "own a house" rich. Woopty-do. Every boomer within 10 miles of a major metro with a paid of mortgage is nearly a millionaire just in their primary residence.
2 0 Reply