89
submitted 10 months ago by alyaza@beehaw.org to c/technology@beehaw.org
you are viewing a single comment's thread
view the rest of the comments
[-] abhibeckert@beehaw.org 18 points 10 months ago* (last edited 10 months ago)

Who doesn’t want to promote and advertise how profitable they are to potential shareholders just before an IPO.

They might want to, but it's illegal.

The "quiet period" is a reference to an SEC law that forces any company to be radio silent for a strict 40 day period during the IPO process. Reddit is in that period now and therefore they cannot say a word.

JPMorgan was fined almost a billion dollars for answering questions on a phone call during their quiet period.

this post was submitted on 01 Feb 2024
89 points (100.0% liked)

Technology

37782 readers
236 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS