Reddit's stock $RDDT, which had a successful IPO, has seen significant fluctuations as it soared 92% above its listing price but later fell 16% due to Hedgeye's short idea. Insiders, including the CEO, have sold millions in shares post-IPO, leading to concerns. The stock continues to slide, with short-sellers eyeing it and implied volatility high. Reddit shares plunged almost 25% in two days, finishing below the first-day close. Executives selling early missed out on additional gains. The company's market cap is $10.6 billion, at 10.7x forward sales, with no reported profit yet.