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But now even the rich are pulling out. Musk, Bezos, Zuck have all upped their stock sales. Zillow also stopped ibuying. At least some non-permabear participants

by uh_uh 5y ago

But now even the rich are pulling out. Musk, Bezos, Zuck have all upped their stock sales. Zillow also stopped ibuying. At least some non-permabear participants think that something is brewing now.

abeppu 5y ago
Isn't Musk's increased stock sale to facilitate the exercise of expiring options? That doesn't seem like "pulling out". Zillow stopped ibuying, but a lot of post-hoc analysis seemed to explain that ibuying can do poorly even if real estate is doing well, because the owners most likely to sell to Zillow were ones with properties that were overvalued by Zillow's model, due to attributes that the model didn't consider.
- uh_uh 5y ago
  The narrative was that Musk is selling stocks to cover his taxes. But he's selling more than that: https://www.cnbc.com/2021/11/16/taxes-arent-the-only-reason-elon-musk-is-selling-tesla-stock-.html https://www.cnbc.com/2021/11/16/taxes-arent-the-only-reason-...
  - avrionov 5y ago
    Musk can't just sell shares. People like him file a schedule with FCC in advance and sell based on the schedule. His tweets were misleading.
    - uh_uh 5y ago
      So? You can still infer whether he's doing that to cover taxes or not.