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I haven't seen this posted yet. All of reddit's C-levels sold $41.245 million worth of stock in the first week of trading.

If that's not the textbook image of rats leaving a sinking ship, I don't know what is. "Fuck you. Got mine!"

The price pump that conveniently happened immediately after release sure was nice for Pig Boy Huffman, wasn't it.

Data on short positions become available tomorrow (April 9th) as referenced in this article so the roller coaster is only just getting started. It's gonna get wild once the market realizes what a house of cards Reddit is built on.

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Reddit @lemmy.ml scottywh @lemmy.world
Reddit Insiders Selling Days After IPO; Shares Fall

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