Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year::Nineteen years since its founding, the social media site is finally going public.

  • Chriswild@lemmy.world
    link
    fedilink
    English
    arrow-up
    17
    ·
    8 months ago

    If the company is going public it doesn’t really matter, they can just sell the stock.

    • essteeyou@lemmy.world
      link
      fedilink
      English
      arrow-up
      9
      arrow-down
      1
      ·
      8 months ago

      Employees usually can’t just sell their stock whenever they want, especially at the C level. They have scheduled sales because they always have material knowledge about the company that would lead to insider trading.

      Regular employees will have long vesting schedules (often backdated to their start date if they worked there while it was private), and often can’t sell in certain blackout periods.

      • DosDude👾@retrolemmy.com
        link
        fedilink
        English
        arrow-up
        10
        arrow-down
        2
        ·
        8 months ago

        But the fines are usually peanuts compared to the profits, so chances are the pigboy is going to sell.