this post was submitted on 30 Mar 2024
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Reddit shares plunge almost 25% in two days, finish the week below first day close (www.cnbc.com)
submitted 7 months ago by ylai@lemmy.ml to c/reddit@lemmy.ml
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[–] Avanera@kbin.social 16 points 7 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.