• SorteKaninA
    link
    fedilink
    arrow-up
    37
    ·
    4 months ago

    Does this mean that they don’t believe in reddit or is this normal?

    It’s pretty normal I think. This is how economy works these days. Companies IPO to turn the shares into liquidity. It’s all so that the greedy people at the top can get their payday.

    • pelespirit@sh.itjust.works
      link
      fedilink
      arrow-up
      10
      ·
      4 months ago

      So they don’t care about the company or this is so normal that they’ll continue as they have been and no one thinks it’s anything?

      • They hopefully would plan on continuing as normal even if they expect the company to tank. Otherwise it would be an obvious insider trading violation I think. Of course CEO is a bit of a fanboy of Musk, who regularly committed securities-related crimes and is always under SEC investigation for the crimes he repeatedly commits, but probably still makes more money off the crimes than the penalties…