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Does this mean selling the shares now to get $1B cash or they keep the shares floating around and sell them as they need cash?
by quickthrower2 7y ago
Does this mean selling the shares now to get $1B cash or they keep the shares floating around and sell them as they need cash?
- cynix 7y agoSounds like he's giving the shares away, and it's up to the recipients to sell or hold.
- gnicholas 7y agoIt would be very surprising if he were selling shares and donating cash. There is a very large tax advantage to donating appreciated assets (you can deduct the current FMV of the shares, but you never have to recognize the appreciation as gain for income tax purposes). Whenever you hear about a donor giving $1M and funding a university library or something, assume the donor gave appreciated stock, art, or another asset.
- taneq 7y agoWhat would dumping $1B of stock do to the share price? I imagine it wouldn't be great.
- quickthrower2 7y agoDark pool?