this post was submitted on 30 Mar 2024
315 points (97.6% liked)

Reddit

13435 readers
2 users here now

founded 5 years ago
MODERATORS
[email protected]
315
Reddit shares plunge almost 25% in two days, finish the week below first day close (www.cnbc.com)
submitted 4 months ago by [email protected] to c/[email protected]
28 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 14 points 4 months ago

I mean, an IPO is a pretty reasonable point to allow insiders to trade. You've just published a huge amount of information about the company, so the insider advantage is at a relative low. It's somewhat common for blackout periods to exist prior to things like earnings announcements, but after the announcement is usually when trading is permitted.