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Given the title it's amazing that he never actually explains why he's selling.
by golemotron 10y ago
Given the title it's amazing that he never actually explains why he's selling.
- kelnos 10y agoI think it's pretty clear: he's selling so he can invest in do-good-things-for-the-world causes. It's understandable that he didn't care to name the specific recipients of the funds he'd get from the sale; that's no one's business as of now. The only reason he posted this piece was to stave off the otherwise-inevitable "Twitter Co-Founder and Board Member Sells a Third of His Stake: Does He Not Believe in the Company?" headlines. Though his "It actually pains me to be selling at this point" bit in his post is almost certainly to be translated as "I'm disappointed that I have to sell when the stock is in the dumpster".
- mikeryan 10y agoI thought he pretty clearly explained he wanted it to fund other investments and charitable giving?
- golemotron 10y agoHe alludes to a reason rather than saying it is the reason. That is the tell. He is not being completely forthright.
- maxxxxx 10y agoSounds a little like the usual "I want to spend more time with my family" explanation when someone leaves
- boomboomsubban 10y agoWanting to spread your investment is a normal concept, as is keeping your investments secret.
- mikeryan 10y agoHe's got a VC fund called Obvious (mentioned in the post). If you want to know more details their portfolio is listed here: https://obvious.com/portfolio https://obvious.com/portfolio
- r0m4n0 10y agoYea interesting... I continued scrolling down thinking there was some build up toward a greater good. It turned out to be: I'm selling my shares to spend money elsewhere, and possibly donate some too