I am confused why he is upset. He has built a big business for himself on the back of Reddit. Reddit realizes that he is extracting value from their platform, since they aren’t able to harvest ad review, discourages registers, etc.
Now Reddit wants rent to compensate for the lost ads. My guess Reddit also noticed most people using Apollo doesn’t create content, so Apollo users are just extracting value from Reddit.
I’d like to see the hard numbers before having an opinion about who yo be upset with.
> My guess Reddit also noticed most people using Apollo doesn’t create content
How did you come to that conclusion?
1. The information has to be specific - Yes - you should sell Boeing
2. Would a reasonable investor take this information into account when making a decision to trade - Yes - this seems quite clear
3. The information must be non public - IIRC disclosure to a large group of people - in this case the perhaps 200ish people on the plane knowing it had a problem would probably count as the information being public and thus this test is not met and you are free to trade - I think the bar is around 30 people
I knew all those hours spent in compliance training would come in handy one day!