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by JumpCrisscross
249 days ago
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> Selling 100B worth of stocks for anything close to 100B is not possible. That volume would mini-crash the entire exchange Nasdaq trades about half a trillion dollars a day [1]. Even if Musk were an idiot and dumped $100bn in one day, it would crash Tesla's stock price, not the Nasdaq. If Musk wanted to give OpenAI $100bn, the best way to do it would be to (a) borrow against his shares or (b) given OpenAI his (non-voting) shares. [1] https://www.nasdaqtrader.com/Trader.aspx?id=DailyMarketSumma... |
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