this post was submitted on 10 Jun 2024
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[–] [email protected] 203 points 1 year ago (4 children)

So how does this man being an executive officer not immediately send a company's stocks into the shitter at this point?

[–] [email protected] 23 points 1 year ago

I don't know if this explains the entire price but we have all seen his securities fraud on Twitter.

[–] [email protected] 19 points 1 year ago* (last edited 1 year ago)

There's money to be made when you know a company is going to tank. In fact there are people who specialize in bankrupting companies. When rich people commit fraud they don't get in trouble

[–] [email protected] 7 points 1 year ago

Sunk cost fallacy.