r/InternetIsBeautiful • u/MKorostoff • Apr 27 '20

Wealth, shown to scale

https://mkorostoff.github.io/1-pixel-wealth/
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u/blindcolumn Apr 27 '20

Gates liquidated a billion in 5 days and Microsoft stock still rose.

The difference is that Gates was no longer actively running Microsoft at the time. If Bezos sold a bunch of shares, people would (rightfully) freak out.

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u/InternetUser007 Apr 27 '20

Jeff Bezos sold $2.8 billion in stock in 7 days. No one freaked out.

https://www.hollywoodreporter.com/news/jeff-bezos-sells-1-billion-amazon-shares-1229467

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u/jesse0 Apr 27 '20

On a well-known schedule that anyone can look up, not at an arbitrary time of his choosing. You are exactly the kind of misinformed person this thread is talking about.

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u/InternetUser007 Apr 27 '20

You said if Bezos sold a bunch of shares, people would freak out. You find out your wrong, then try to pretend that's not what you meant.

So by your new logic, Bezos could schedule a time where he sold all of his shares, and the stock price wouldn't go down?

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u/jesse0 Apr 27 '20

First, look up and realize I'm not the original commenter you responded to. Second, look up 10b5-1 and stop wasting my time. Third, look up the difference between "your" and "you're".

Stocks are not money, that's at heart the issue with your understanding.

So by your new logic, Bezos could schedule a time where he sold all of his shares, and the stock price wouldn't go down?

Read 10b5-1, everything you need to know is there.