This 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".
(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.)
"The company’s marketable equity securities include $80 billion in shares subject to short-term restrictions and $14.1 billion subject to long-term restrictions"
Actually more like $14.1 and whatever value the other $80 is worth when they sell. Which is probably going to be worth well North of whatever is lost on the $14.1 B long-term... All part of the scam to inflate the value of the AI bubble
100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
There would be some laws in place. And it would also stress the relationship with Elon.
I'm sure at an $80 valuation they will tell everyone how it's time to buy as it slides down further
This 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".
(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.)
Feeling sated and not constant greed is no way to build billionaires, nope.
I am short both Google and SpaceX RN; SpaceX's IPO smells foul. Google is an AI-bubble short; Anthropic and OpenAI haven't IPOed yet.
Didn’t they just raise $85B “for AI”?
https://archive.ph/kQtHB
Hopefully they made this investment pre-IPO at some vastly lower valuation because otherwise… …this is a not going to end well for them.
They got in at a ~12B valuation. They'll be fine
If true then they paid under $800 Million for their 6%, now valued at $94 Billion.
Yes, google they paid $900 millions in 2015 for about 7% stake, 100X. % Number probably fell because of all the "merging".
Why? They will still have their same stake no matter what happens with the stock price.
FIFY: Google discloses $94B loss
They didn't invest 94B$
But yes the stock could go down much further and I hope they are willing to show the losses if they can show this as gains today.
Imagine the next call being about how their 95$B went to sub 30B$..
Will that be a negative line item. I don't see the point in disclosing this stake as earnings.
But I do get that accounting was made as a tool for companies to show off.
It will be difficult since they acquired it for less than a billion 10 years ago.
https://www.theguardian.com/science/2015/jan/20/spacex-fundi...
hate makes people stupid.
"The company’s marketable equity securities include $80 billion in shares subject to short-term restrictions and $14.1 billion subject to long-term restrictions"
Actually more like $14.1 and whatever value the other $80 is worth when they sell. Which is probably going to be worth well North of whatever is lost on the $14.1 B long-term... All part of the scam to inflate the value of the AI bubble
exactly. amazing what sort of showman Musk is. Didn't he sleep with Brin's girlfriend at one time?
Idk, but he sure did try to get invited to Epstein’s island to “party”.
Terrible! Source?
https://www.theguardian.com/technology/2026/jan/30/elon-musk...
For example.
It is extremely funny that Epstein is clearly all “oh, fuck, not this guy, gotta make an excuse”, here.
Justice Department [0] seems a definitive source.
[0] https://www.justice.gov/epstein/files/DataSet%2010/EFTA01762...
Epstein emails. Google will find it for you.