If this miserable excuse for a company didn't deserve the name SHITTERSTOCK before, it certainly does now.

I am sooo happy to be outta there.

Me too!  As I read through everything, it almost looks like Oringer is going to sink the company and made this move to squeeze the last out of the company.  The stock WILL NOT hold in the mid $50's, yet he is trying to sell a lot of shares after he artificially pumped up the stock price. Something just doesn't smell right.  Whoever buys at $55 will be making a horrible investment.  It is almost like they are doing a last hoorah to get Oringer and his dog, Pavlov, enriched while the company slowly erodes and is put up for sale.  This was not a move for long term business health, it was a move to enrich a very few people with little long term outlook. So something else is really brewing IMO.

...The stock WILL NOT hold in the mid $50's, yet he is trying to sell a lot of shares after he artificially pumped up the stock price. ...

It's been as low as $47.xx today so far, having lost over 13% while the overall NYSE is at a record high (that's insane too, but that's a different story ). Doesn't look like the market is happy with Jon's plan...

Edited to add: $48.87 at 11am PST...

Quote from: Jo Ann Snover on August 10, 2020, 19:54

It's all even uglier than I realized. Oringer sold stock on August 3 and 4th - a total of 85,000 shares for a total of $4,645,801.97

The investor page shows the Aug 5 filing of SEC form 4

https://investor.shutterstock.com/static-files/5b826d21-eecb-4bd3-9852-cd28fa01bb3f

To get an idea of how much Jon Oringer pocketed as a result of their maneuver to bump up the stock price, compare the 85k shares sold with what they would have fetched at the July 8th price (his prior stock sale) - he made just over $1.5 million more ($1,508,451.97).

All of the above is before his plan filed today to get rid of another 3.5 - 4 million shares (it'll depend on the price as to what $200 million maps to)

What a disgusting man thing he is

That's no a man at all, is a shitthief!

Sorry for my bad English and my bad words, that company stole my money. I am very upset about that.

Your English is just fine, alexandersr, and your "bad words" could certainly be a whole lot worse, given the miserable situation that we on this forum and others throughout the world are in right now.

Quote from: alexandersr on August 10, 2020, 21:21

Quote from: Shelma1 on August 06, 2020, 07:43

He took the money from our pockets and placed it directly into his bank account. This is capitalism at its finest.

That's not capitalism, that company is a pirate ship, and i say that because they dissabled my account and get the money i have there, arguing nonsense. ... Shitterstock  is a big thief!

unfortunately this is PRECISELY the definition of laissez-faire capitalism - rampant in the robber barons of the gilded age and back for sequel - for decades, starting w Reagan, we've seen the triumph of corporations over people- including SCOTU  recent rulings in Hobby Lobby & Citizens United

and while SS has been terrible, in perspective it's not even a minnow among the whales where corporate socialism is  the ideology - you keep your profits  but the govt covers your losses

Well, i live in a socialist country Venezuela, and we have big thief here. Have ever heard about this "All animals are equal, but some animals are more equal than others", Animal Farm, i love Orwell written works,  this so true. Capitalism is inhuman, but communism too.

First the pump and now the big dump by Mr Oringer. Shutterstock will be sold soon based on this.
https://finance.yahoo.com/news/shutterstock-announces-proposed-public-offering-201900037.html

Is it 25% of shares owned by him? This time it is much more than few previous transactions. It is definitely a sign that something big is going on. The question is who is going to buy it?

Oringer's selling 2 million shares and SS is selling 2.5 million at $48.50 per share. While he slides a couple of dimes across the table to us. https://investor.shutterstock.com/news-releases/news-release-details/shutterstock-announces-pricing-public-offering-common-stock

The question remains who is buying. What are the chances that these guys are offloading before they sell it to a big player who they don't want to be associated with. Think getty, facebook, smugmug types. So this gives them a golden parachute, and what happens after is of no concern.

Think flickr over the last few years

Think flickr over the last few years

Flickr is actually hasn't changed much since it's late yahoo years. It's still a boring place for photographers to dump their images for favs. Probably because they got a buyer who understood what it was all about.

The true comparison is 500px where photographers were actually making some money before they got bought out by Visual China and we all know how that turned out.

With Shutterstock, if/when they're selling out, the most likely scenario is going to be what happened to 500px. Like you said, a big player (probably Facebook or Microsoft) is going to buy it up and milk it to their liking with contributors not getting even the 10 cents they get now.

It really depends on type of the order. if it is a Limit order it won't be sold until the price gets back to the one put as a limit. If it is a Market order it will be executed no matter the price drop. It can also by limited by date. I don't know if this information is public.

heard they might do another "Wolf on Wall Street" movie staring Jon as himself...

I have no idea whether this is a glitch or an omen of things to come, but my Shutterstock favicon just changed itself to Google:

Look at this!