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Coinbase CEO Brian Armstrong just dumped $1.6M worth of his company's shares
Posted on 11/17/22 at 11:55 am
Posted on 11/17/22 at 11:55 am
quote:
Take what you can out of the sinking ship. In the real world, that is, pre-crypto, a CEO never sell his or her own shares while shouting "all is OK". A CEO selling shares expresses such a loss of confidence in the company it is taken extremely seriously.
Nassim Taleb
frick it, I'm out. Taking my last 0.1 BTC out. USD FTW!
ETA - Bonus: Nassem and Vitalik get into it in the above Twitter thread.
This post was edited on 11/17/22 at 11:59 am
5
Posted on 11/17/22 at 12:30 pm to hikingfan
Not a lot of shares… probably less than a fraction of percent of his holdings.
Posted on 11/17/22 at 12:45 pm to hikingfan
As someone who is not pro-crypto, I will say this is normal selling on his part that he announced prior. Peanuts compared to his overall holdings
This post was edited on 11/17/22 at 12:46 pm
Posted on 11/17/22 at 1:30 pm to hikingfan
Odds are, without looking (don't care enough), the actual filing probably paints a different picture.
Posted on 11/17/22 at 1:40 pm to hikingfan
Just so happens that I emptied my account this morning. When I saw the second platform go down I figured it just wasn't worth it.
I think Coinbase is a legitimate company, but that won't keep them from becoming the next bank run.
I think Coinbase is a legitimate company, but that won't keep them from becoming the next bank run.
Posted on 11/17/22 at 1:53 pm to hikingfan
quote:
Take what you can out of the sinking ship. In the real world, that is, pre-crypto, a CEO never sell his or her own shares while shouting "all is OK". A CEO selling shares expresses such a loss of confidence in the company it is taken extremely seriously.
You dont sell that much stock, while laying off employees, unless your confidence is shaken in your company
Posted on 11/17/22 at 3:04 pm to RobbBobb
quote:do you know how much stock he has in the company? Id guess 1.6m or 30k+ shares at 50$ is a very small amount of his. He might be buying a new house.
You dont sell that much stock, while laying off employees, unless your confidence is shaken in your company
I take that back.. maybe he needs blinds for one of the rooms in his house.....
cypto-ceo-brian-armstrong-buys-los-angeles-home-for-133-million
This post was edited on 11/17/22 at 3:10 pm
Posted on 11/17/22 at 4:22 pm to CarRamrod
His shares are held through a living trust and in Oct he said he planned to sell 2% over the next year to fund scientific research. The trust still holds 60 million shares.
So this was likely planned and means nothing.
So this was likely planned and means nothing.
Posted on 11/17/22 at 5:02 pm to Diseasefreeforall
quote:look at that, shocker.
So this was likely planned and means nothing.
These threads almost always end up being this
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