Hacker News new | ask | show | jobs
by wallawe 814 days ago
Why wouldn't they? It's been pumped up way beyond the IPO price that they and the bankers thought was reasonable.

Even if you are bullish long-term, it makes sense to cash out while it's overbought and buy back later.

Also, keep in mind 500,000 shares might sound like a lot to us, but it's not even close to a majority of their position.

Looking at this as a signal as to whether you should hold as an employee would be silly.