this post was submitted on 26 Jul 2023

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459

Billionaire rule (sh.itjust.works)

submitted 1 year ago by wildbus8979@sh.itjust.works to c/196@lemmy.blahaj.zone

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[–] JustEnoughDucks@feddit.nl 7 points 1 year ago

Jeff Bezos has liquidated over 10 billion PER YEAR with absolutely 0 effect on the stock whatsoever. People who make the stock argument really don't understand the scale at which megacorps sell stock and also how fast it would recover. Yes, if beaks liquidated every stock in one day, his stock would crash... for about a day before it was all bought up by hedge funds instantly because they know that it will recover with no problem whatsoever. Then voila, stock price recovers.