-1 upvotes, 2 direct replies (showing 2)
View submission: Liverpool owners won’t sell club to ‘interested’ Elon Musk
This is such a dumb thing people keep repeating. Stocks are basically liquid assets. He has infinite money
Comment by _indi at 07/01/2025 at 22:20 UTC
5 upvotes, 1 direct replies
Not for the CEO. They have to sell on a schedule, and to sell all their shares would also tank the stock, who wants to buy a load of stock that the CEO of that company is getting rid of?
Comment by rieusse at 08/01/2025 at 02:28 UTC
2 upvotes, 0 direct replies
Nope not in the way that stocks are liquid assets for you or me. Someone like Musk liquidating his stocks would lose a massive amount of value for him because stock price would plummet in the process. His net worth would nosedive just from him selling. All of which has to be done on a schedule, announced and over a long period of time.