this post was submitted on 28 Aug 2024
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News

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[–] [email protected] 52 points 2 months ago (4 children)

If he tries to sell any substantial portion of his holding, the price will crater.

[–] [email protected] 75 points 2 months ago* (last edited 2 months ago)

Thats the best part! He can take out loans against that as collateral. Then when he inevitabley defaults and the banks finally acknowledge the collateral is worthless, we bail out the banks! Capitalism!

[–] [email protected] 10 points 2 months ago

Not if there's a state actor or two to keep buying. I wonder who that would be...

[–] [email protected] 7 points 2 months ago (1 children)

But it won't matter because he'll have already sold. Well, it won't matter to him.

[–] [email protected] 23 points 2 months ago

He can’t just sell 2bn at once. They’re saying as he sold the price would naturally crater even without news getting involved.

[–] [email protected] 5 points 2 months ago

Since the stock price is based on fee-fees, grift, bribery, and money laundering - there is absolutely no reason to think this is true.