4 ms·

Is there any way to edit the HN post title to be more accurate? "Zoom CEO sold $24m worth of stock" is still a pretty compelling headline.

by rodw 6y ago

johnwheeler 6y ago
If he has stock worth $10 billion, it's insignificant.
- rodw 6y ago
  I guess. I don't know how much of that $10b is readily liquid. If we really want to look at it in percentage terms it seems like that number is the one to compare to. Frankly it seems reasonable to me to sell off some shares to "lock in" some of the gains; I'm not sure that shows a lack of confidence going forward. Besides, there's a lot of reasons to sell shares. Maybe he's buying a house.
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skwirl 6y ago
Just flag it. I really don't think your proposed headline would have gotten any traction here and would have immediately dropped off the front page.
- MR4D 6y ago
  Good point. Also, the title violates HN guidelines.
- rodw 6y ago
  > I really don't think your proposed headline would have gotten any traction here That's OK with me.
ceejayoz 6y ago
> "Zoom CEO sold $24m worth of stock" is still a pretty compelling headline. Is it? That's like a quarter percent of his holdings.
- Bang2Bay 6y ago
  > That's like a quarter percent of his holdings. my calc says 0.025%
  - ceejayoz 6y ago
    $24M sale / $10B holdings * 100
not2b 6y ago
How about "Zoom CEO sold 0.5% of his stock", which would be just as accurate but less compelling. He sold $24m, still has roughly 4 billion.
- gojomo 6y ago
  The best synthesis would be something like: "Zoom CEO sells $24M from his $10B Zoom stake" The current headline, "Zoom CEO sold all of his common shares", is technically correct but highly misleading – but's it's still interesting to see what a founder on a rocketship is doing to diversify a little, even in the particulars of the conversion/disclosure & how it's (mis-)interpreted by peanut galleries everywhere.
deleted 6y ago
[deleted]

Is there any way to edit the HN post title to be more accurate? "Zoom CEO sold $24m worth of stock" is still a pretty compelling headline.

by rodw 6y ago

Is there any way to edit the HN post title to be more accurate? "Zoom CEO sold $24m worth of stock" is still a pretty compelling headline.

johnwheeler 6y ago

If he has stock worth $10 billion, it's insignificant.

rodw 6y ago
I guess. I don't know how much of that $10b is readily liquid. If we really want to look at it in percentage terms it seems like that number is the one to compare to. Frankly it seems reasonable to me to sell off some shares to "lock in" some of the gains; I'm not sure that shows a lack of confidence going forward. Besides, there's a lot of reasons to sell shares. Maybe he's buying a house.

deleted 6y ago

[deleted]

skwirl 6y ago

Just flag it. I really don't think your proposed headline would have gotten any traction here and would have immediately dropped off the front page.

MR4D 6y ago
Good point. Also, the title violates HN guidelines.
rodw 6y ago
> I really don't think your proposed headline would have gotten any traction here That's OK with me.

ceejayoz 6y ago

> "Zoom CEO sold $24m worth of stock" is still a pretty compelling headline. Is it? That's like a quarter percent of his holdings.

Bang2Bay 6y ago
> That's like a quarter percent of his holdings. my calc says 0.025%
- ceejayoz 6y ago
  $24M sale / $10B holdings * 100

not2b 6y ago

How about "Zoom CEO sold 0.5% of his stock", which would be just as accurate but less compelling. He sold $24m, still has roughly 4 billion.

gojomo 6y ago
The best synthesis would be something like: "Zoom CEO sells $24M from his $10B Zoom stake" The current headline, "Zoom CEO sold all of his common shares", is technically correct but highly misleading – but's it's still interesting to see what a founder on a rocketship is doing to diversify a little, even in the particulars of the conversion/disclosure & how it's (mis-)interpreted by peanut galleries everywhere.

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