89
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Feb 2024
89 points (100.0% liked)
Technology
37702 readers
246 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
The essential part at the end:
We can infer that it was not the fountain of money they thought it would become.
More telling is their silence. 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.