Redhat's Stock Offering to Developers Not Working Out as Planned
from the go-ahead,-take-our-money dept
So it seems that many of the folks that Redhat offered "friends and family" IPO-priced shares to cannot get them as E*Trade requires IPO traders to have a certain amount of experience and net worth to trade in IPOs. This brings up a mixed reaction for me personally. As I've said before, I don't like the idea of giving out stock to the public on the assumption that it's a definite "reward" as traders should realize it really (really!) is possible for stock to go down and people to lose money. All that E*Trade is doing is weeding out investors who may not realize that or may not be prepared to handle it. However, because of the sillyness of our markets, the fact is, it should be a pretty safe bet, and Redhat is just trying to reward folks who helped them out.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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A better approach
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E*Trade tells them to lie
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