• Cethin
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    3 months ago

    The point would be to diversify assets. You don’t want to gamble everything on the hope the thing you believe in is successful. Not that I think they believe in the platform, but it is probably a smart idea to diversify no matter what. 25% of your shares does seem like a lot though.

    • frezik@midwest.social
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      3 months ago

      If they sold at $50 a share, they pocketed over $25M each. Even after taxes, that is more than enough to live comfortably in any region’s cost of living.

      That’s not diversifying. That is greed.

      • Cethin
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        3 months ago

        Them not selling isn’t any more greedy. No matter what, they own the value of the stocks, whether they liquidate them or not. It’s fucked up that anyone gets paid that amount in general, but they did and it’s theirs. I don’t know what you people would want from them. Isn’t holding onto the shares hoping the value goes up even more greedy?

      • rezifon@lemmy.world
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        3 months ago

        Or you sell stock when you need to rebalance. Fuck spez, but selling 25% at IPO seems sane and reasonable to me.