alt Hacker News100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
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I'm sure at an $80 valuation they will tell everyone how it's time to buy as it slides down further
(1) there's a lock out, they can't legally (2) Moving that kind of volume at market price is extremely difficult (3) This disclosure was required by law as part of their earnings. They would rather have said nothing and quietly offloaded it.
One consequence of booking the revenue is that they're going to have to report a loss when they sell it.
It's possible there's some tax shenanigans at play (idk): report the profit, mark it against their massive AI capex, sell later when they can book a loss. (I'm not sure if it works that way, it wouldn't for an individual, but maybe they can find a way to trigger a stepped up basis.)
There would be some laws in place. And it would also stress the relationship with Elon.
This is a micro/macro mistake. You obviously can't dump a 6% stake at strike price on Robinhood.
"The Market", at this scale, means "You find the buyer(s) yourself and work up the deal with a hundred lawyers and PR staff and hope the contract negotiation stays secret".
Feeling sated and not constant greed is no way to build billionaires, nope.
if you are big company like google, another 100 billion is not gonna make you feel better since cold cash is liability at that scale
100 billion is nothing if that money can put you in better spot at technology landscape
Per the article, they can’t, yet.