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Wait, that sounds like fraud. The CEO of a company had the company he runs buy into a limited asset he also owns... Gg society, the fact that we're talking thi
by SQueeeeeL 6y ago
Wait, that sounds like fraud. The CEO of a company had the company he runs buy into a limited asset he also owns...
Gg society, the fact that we're talking this up like it's a good thing means most of us deserve to be poor af
- trident1000 6y agoSounds a little dramatic (especially since 50 million isnt moving the price single handedly). Also stock buybacks are essentially the same thing (if you were to call it a conflict of interest) and almost every company in existence does that.
- SQueeeeeL 6y agoYou just talked about Twitter buying BTC as important news showing it's viability though... It's mostly a popularity/buzz game. Also yeah, stock buybacks were illegal up until 1982 and since there legalization we've seen large trades in companies from R&D spending towards buyback spending...
- trident1000 6y agoI mentioned several noteworthy people and institutions making an investment to demonstrate a trend. "its mostly a popularity/buzz game" yeah thats how value networks work. From gold to cash to facebook.
- SQueeeeeL 6y agoYeah, I don't think we're in disagreement. Buying a commodity personally, and then using an institution under your control to buy that commodity and create publicity/network effects is just great business (for personal enrichment). It probably isn't even illegal!
- oarsinsync 6y agoIt's only (potential) fraud if he doesn't disclose his stake as a potential conflict of interest. I'm not suggesting that Twitter investing in BTC is or isn't a good thing, but the CEO having a personal stake should not prevent the company from investing if there's suitable expectation of positive returns for the business.