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0 pointsRetric1y ago0 comments

Earlier investors. Ever hear of pump and dump? After you sell you’re insulated from future performance as long as you don’t commit actual fraud etc.

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JumpCrisscross1y ago

> Earlier investors. Ever hear of pump and dump?

When did GrubHub buy early investors' shares with company cash?

RetricOP1y ago

Early investors had already “sold” the company well before this transaction: https://about.grubhub.com/news/grubhub-stockholders-approve-...

It was an all stock transaction, so they maintained an indirect stake but it was significantly diluted: https://en.wikipedia.org/wiki/Just_Eat_Takeaway.com Meanwhile Just Eat Takeaway investors got taken for a ride.

lotsofpulp1y ago

This does not seem like pump and dump:

https://www.investopedia.com/terms/p/pumpanddump.asp

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