Reddit shares plunge almost 25% in two days, finish the week below first day close

Hubi@feddit.de to Reddit@lemmy.world – 833 points –
Reddit shares plunge almost 25% in two days, finish the week below first day close
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We all knew this was a pump and dump scheme. Spez got his, fuck everyone else.

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.

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.

I'm not so sure. That is only $25 million or so. Who can live on that?

Yeah, this guy isn't even going to be able to afford caviar for dinner every night. That's not living.

$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.

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.

Lobster and sushi only on days that end with a Y. It'll be tough cutting back but he'll manage.

I bet i could live even off 24 Million, call me crazy

I'd have to live like a hobo tho

I could live comfortably for the rest of my life on 1/25th of that.

Or you could buy a house within a reasonable distance of a major city.

The statement you made should be in response to someone who says they need more money rather than less.

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.