3 ms·
Without contradicting your general point, Spiegel’s bet worth is so illiquid (so solid? :) ) that I’m not sure what it really would be if he wanted to get cash
by namdnay 7y ago
Without contradicting your general point, Spiegel’s bet worth is so illiquid (so solid? :) ) that I’m not sure what it really would be if he wanted to get cash out
- vxNsr 7y agoI'd guess that a lot of the offer was in SO. so also illiquid. Though FB stock is worth way more than Snap stock so he probably made the wrong choice, but who knows.
- likpok 7y agoFB is less illiquid than SNAP for Evan. If he sells 50% of his SNAP shares, people will get concerned about his investment in the business. A mid-level exec (or even high profile acquisition) selling a bunch of FB stock doesn’t affect the price much. But he probably likes running the company more than he’d like the extra money.
- dillonmckay 7y agoThat is the key, he still had cash and control of a platform. Very different situation for Jack Dorsey w/ Twitter.