Comment by ck2
14 hours ago
I'm still struggling with the idea that 4,400 millionaires are going to be created overnight
(out of 22,000 employees)
Because many of them are going to sell sell sell at least half of their shares
Which then means the value will PLUMMET
College roommate worked for nvidia and cashed out last year and retired in his early 50s. Tens of millions in cash. After tax too. Am I jealous? Hell yes.
I think most still believe in the mission, especially the ones with that many shares. I get selling enough to buy a house and add some diversity to your portfolio, but you really have to have a dismal outlook to sell all your shares, or even half.
I take it you are going to be shorting the stock?
Shorting is not as easy as you think. You have to time it right and you risk big losses.
KNOWING OpenAI et al WILL fail is not enough to make money from that.
You realize there will be people on the other end wanting and/or being forced to buy buy buy right? They aren't selling into a vacuum.
People seem to have a weak grasp on how supply and demand dynamics actually work in a market. Price doesn't magically plummet; people need to agree to buy and sell at a given price.