6 ms·
100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
by throwaw12 2mo ago
100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
- embedding-shape 2mo agoFeeling sated and not constant greed is no way to build billionaires, nope.
- lotsofpulp 2mo agoYour comment is difficult to parse. Is Alphabet greedy for spending $900M on SpaceX equity many years ago before the business was built and there was a risk it would not be built? Or is Alphabet greedy for holding onto the equity instead of selling it for cash? Or is throwaw12 greedy for wanting to sell something after a 100x return?
- rf15 2mo agoI'm sure at an $80 valuation they will tell everyone how it's time to buy as it slides down further
- knodi 2mo agoAverage pre-ipo sale price is $6.xx
- 230581abv 2mo agoPichai will talk about data centers in space again, like he did before the IPO. Then he'll sell SPCX.
- downrightmike 2mo ago1 Gigawatt in space is about 31k acres of just solar panels, not including heat dissipation systems. Given we can't block the sky for advertising, and this would block the night sky worse, I don't see it happening.
- ajross 2mo agoThis is a micro/macro mistake. You obviously can't dump a 6% stake at strike price on Robinhood. "The Market", at this scale, means "You find the buyer(s) yourself and work up the deal with a hundred lawyers and PR staff and hope the contract negotiation stays secret".
- TheAtomic 2mo agoActually, that's the service provided by GS, etc. They have those buyers on the other side of their Rolodex.
- ajross 2mo agoWell, yes. They're the ones who actually employ the hundred lawyers and PR staff. But that's what it takes, and it's not about clicking some buttons on a Web 2.0 Day Trading UI.
- dgellow 2mo agoIt's really not far from it. You don't need to do a private off-exchange sale (though you can), they do incremental execution (where you break the trade in small batches)
- imagent 2mo agoWhat is GS?
- smnscu 2mo agoPresumably Goldman Sachs (or any investment bank worth its salt)
- thaumasiotes 2mo agoWell, to be really accurate, I assume GS is Goldman Sachs alone and "any investment bank worth its salt" is referred to by the "etc".
- hiddencost 2mo ago(1) there's a lock out, they can't legally (2) Moving that kind of volume at market price is extremely difficult (3) This disclosure was required by law as part of their earnings. They would rather have said nothing and quietly offloaded it. One consequence of booking the revenue is that they're going to have to report a loss when they sell it. It's possible there's some tax shenanigans at play (idk): report the profit, mark it against their massive AI capex, sell later when they can book a loss. (I'm not sure if it works that way, it wouldn't for an individual, but maybe they can find a way to trigger a stepped up basis.)
- WarmWash 2mo agoRetail doesn't really move stocks like Google too much, and institutions might understand Google and it's finances better than Google...i.e. there are no accounting tricks or mysterious losses that can shake institutional analysts much (besides illegally hidden stuff). They will perfectly understand why Google is taking a "loss" on the sale.
- sidcool 2mo agoThere would be some laws in place. And it would also stress the relationship with Elon.
- rsynnott 2mo agoPer the article, they can’t, yet.
- tonyhart7 2mo agoif you are big company like google, another 100 billion is not gonna make you feel better since cold cash is liability at that scale 100 billion is nothing if that money can put you in better spot at technology landscape