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To some, it raises questions about the fundamentals of the business[0] [0]:https://twitter.com/nntaleb/status/1383860897999851521?s=19 https://twitter.com/nnta

by max_ 6y ago

To some, it raises questions about the fundamentals of the business[0] [0]:https://twitter.com/nntaleb/status/1383860897999851521?s=19 https://twitter.com/nntaleb/status/1383860897999851521?s=19

vidarh 6y ago
Make sure to read the replies to this one, as the tweet you have linked to seems to massively misrepresent the sales in question (presenting them as proportions of these peoples total holdings, rather than the proportion of the shares they'd registered to sell) Compared this, from the quoted tweet: > On the same day #Coinbase CEO @brian_armstrong was on @CNBC publicly pumping COIN, he was privately dumping 71% of his shares. with [1]: > CEO Brian Armstrong sold 749,999 shares in three batches at prices ranging from $381 to $410.40 per for total proceeds of $291.8 million, according to one filing. While a Coinbase representative declined to comment due to the company being in a so-called “quiet period,” based on filings made before the listing, it would indicate Armstrong sold about 1.5% of his stake. [EDIT: I'll note that both Taleb and the person he quoted have had their mistake pointed out to them and have just ignored it, which frankly is a pretty awful look] [1] https://finance.yahoo.com/news/coinbase-ceo-sold-291-8m-235052357.html https://finance.yahoo.com/news/coinbase-ceo-sold-291-8m-2350...
- cinntaile 6y ago
  Unfortunately he is quite unpleasant on Twitter, except for when he talks about food or language. Disagreements usually seem to end up in being blocked by him.
- max_ 6y ago
  You are going off-topic. The case in point is USV selling all their stake in a company and what that means for the business. I didn't say anything about the CEO
  - vidarh 6y ago
    USV isn't selling their stake either At least nowhere near all of it. As the filing itself says, a lot of is being disposed of to their LPs (the owners of the capital in the fund). This is normal practice when a fund is preparing to wind down. The headline here is flat out wrong. You then linked to a tweet which spread further misinformation.
jcims 6y ago
This and the Brian Armstrong story seem to be intentional or ignorant mischaracterizations of what is happening.

by max_ 6y ago

To some, it raises questions about the fundamentals of the business[0] [0]:https://twitter.com/nntaleb/status/1383860897999851521?s=19 https://twitter.com/nntaleb/status/1383860897999851521?s=19

vidarh 6y ago

Make sure to read the replies to this one, as the tweet you have linked to seems to massively misrepresent the sales in question (presenting them as proportions of these peoples total holdings, rather than the proportion of the shares they'd registered to sell) Compared this, from the quoted tweet: > On the same day #Coinbase CEO @brian_armstrong was on @CNBC publicly pumping COIN, he was privately dumping 71% of his shares. with [1]: > CEO Brian Armstrong sold 749,999 shares in three batches at prices ranging from $381 to $410.40 per for total proceeds of $291.8 million, according to one filing. While a Coinbase representative declined to comment due to the company being in a so-called “quiet period,” based on filings made before the listing, it would indicate Armstrong sold about 1.5% of his stake. [EDIT: I'll note that both Taleb and the person he quoted have had their mistake pointed out to them and have just ignored it, which frankly is a pretty awful look] [1] https://finance.yahoo.com/news/coinbase-ceo-sold-291-8m-235052357.html https://finance.yahoo.com/news/coinbase-ceo-sold-291-8m-2350...

cinntaile 6y ago
Unfortunately he is quite unpleasant on Twitter, except for when he talks about food or language. Disagreements usually seem to end up in being blocked by him.
max_ 6y ago
You are going off-topic. The case in point is USV selling all their stake in a company and what that means for the business. I didn't say anything about the CEO
- vidarh 6y ago
  USV isn't selling their stake either At least nowhere near all of it. As the filing itself says, a lot of is being disposed of to their LPs (the owners of the capital in the fund). This is normal practice when a fund is preparing to wind down. The headline here is flat out wrong. You then linked to a tweet which spread further misinformation.

jcims 6y ago

This and the Brian Armstrong story seem to be intentional or ignorant mischaracterizations of what is happening.