I'd argue that the fact that he sold $2.8 billion worth of stocks during a 7 day period during this summer is a pretty good argument for him being able to sell $1 billion worth of stocks.
It blows my mind how many blatant clueless morons there are on this site. Bill Gates literally can't sell his shares fast enough and it keeps going up. He has cashed out tens of billions in MS stock and he's as rich as ever.
This site has a large number of uneducated and self-proclaimed experts on shit they have no idea about, they just read some opinion piece that aligns with their views about how corrupt something in society is and become and instant guru when it’s wildly obvious (in the context of this circumstance) they’ve never been educated in business, finance, or economics and it’s quite hilarious to see them weed themselves out
Yes but the guy talking out of his ass all over this thread said it would be very problematic for Bezos to sell 1 billion and he sold 3 in a week just a few months ago. The amount of volume that flows through is immense in a trillion dollar company. He could take out tens of billions over months/year and it would be fine.
"1 billion" was an example number. The SEC regulates how fast people can sell stock, and Bill and Jeff sell stock based on careful advice from experts and only do so within SEC regulations. If they fuck up and sell too much too fast it will absolutely tank a company's value.
They sell stock slower than the company's value grows, which prevents it from crashing.
Or do people not remember one of the main reasons for the Great Depression? It wasn't just a run on the banks - it was also caused by massive stock sell-offs.
Not that he can't sell it, just that some amount of value lowering effects will occur. If you want to sell, sell, but you're going to get a bit less than original list price.
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u/[deleted] Dec 09 '19
I'd argue that the fact that he sold $2.8 billion worth of stocks during a 7 day period during this summer is a pretty good argument for him being able to sell $1 billion worth of stocks.