Jack Dorsey Selling Square Stock

#1

Post by 3327 » Wed, Dec 27, 2017, 2:52 PM UTC

Jack Dorsey Selling Square Stock
dispatchtribunal.com

Re: Jack Dorsey Selling Square Stock

#2

Post by 3327 » Wed, Dec 27, 2017, 3:06 PM UTC

Honestly is square worth 14bn? why would he be selling hear end if he doesn't think it will be worth more next year?

Re: Jack Dorsey Selling Square Stock

#3

Post by 1123581321 » Wed, Dec 27, 2017, 5:57 PM UTC

3327 wrote: post #2

Honestly is square worth 14bn? why would he be selling hear end if he doesn't think it will be worth more next year?

These small sales are routine.

Re: Jack Dorsey Selling Square Stock

#4

Post by vple » Wed, Dec 27, 2017, 5:59 PM UTC

3327 wrote: post #2

Honestly is square worth 14bn? why would he be selling hear end if he doesn't think it will be worth more next year?

He's probably selling to diversify. It looks like he's selling based on a 10b5-1 plan, i.e. he's selling on a predetermined plan.

Re: Jack Dorsey Selling Square Stock

#5

Post by bovermyer » Wed, Dec 27, 2017, 6:02 PM UTC

This is not news to be concerned about. However, I appreciate that someone went to the trouble of collecting and presenting this data.

Re: Jack Dorsey Selling Square Stock

#6

Post by wand3r » Wed, Dec 27, 2017, 6:03 PM UTC

3327 wrote: post #2

Honestly is square worth 14bn? why would he be selling hear end if he doesn't think it will be worth more next year?

The valuation of Square in the future is possibly not the only factor. Dorsey could be leaving the company, seeking liquidity, relinquishing control of the company or making another investment that has a better expected return. Also, he could be diversifying as he likely still holds a lot of shares. He seems like a smart guy and there are rational reasons an investor would divest a company with a positive forward outlook.

His trades are only a small data point to consider when valuing square. Whether it is worth 14b or not has little to do with him selling 150k shares without additional information.

Re: Jack Dorsey Selling Square Stock

#7

Post by AznHisoka » Wed, Dec 27, 2017, 6:28 PM UTC

Why does this matter? You're bound to sell the stock of the company you own eventually, right? If this happened 10 years from now, people would make a big deal of this. If it happened 50 years from now, same thing.

Re: Jack Dorsey Selling Square Stock

#8

Post by c1utch1 » Wed, Dec 27, 2017, 6:29 PM UTC

This is not news.

Re: Jack Dorsey Selling Square Stock

#9

Post by synaesthesisx » Wed, Dec 27, 2017, 7:14 PM UTC

It's only a couple million worth - hardly significant.