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Mar 29, 2024, 8:09 am729 pts
9to5Mac![photo of Reddit share value rose 86%, but sales by CEO and COO saw reversal [U] image](https://i0.wp.com/9to5mac.com/wp-content/uploads/sites/6/2024/03/Reddit-share-value.jpg?resize=1200%2C628&quality=82&strip=all&ssl=1)
Redditors who took advantage of their privileged access to stock ahead of the IPO have seen Reddit share value rocket from $34 to $59.80 by yesterday’s close – an 86% increase. Update: Subsequent share sales by the company’s CEO and COO – coupled to a report describing the stock as “grossly overvalued” – saw…
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