this post was submitted on 14 Jun 2023
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Technology
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It's become increasingly clear that Steve and his cronies are desperately trying to get Reddit to its IPO with value intact so they can cash out and leave someone else holding the bag. As I've said elsewhere, I wouldn't be surprised if he and others end up shorting Reddit.
If he does, that's insider trading and wildly illegal. Not saying he won't, just that the ethical thing to do would be to treat Reddit as a Conman's scheme and withdraw any value you've put into it sooner rather than later. Reduce the IPO value by not going back