On: Zoom CEO sold all of his common shares

[rodw]

Is there any way to edit the HN post title to be more accurate?

"Zoom CEO sold $24m worth of stock" is still a pretty compelling headline.

[not2b → rodw]

How about "Zoom CEO sold 0.5% of his stock", which would be just as accurate but less compelling. He sold $24m, still has roughly 4 billion.

[gojomo → not2b]

The best synthesis would be something like:

"Zoom CEO sells $24M from his $10B Zoom stake"

The current headline, "Zoom CEO sold all of his common shares", is technically correct but highly misleading – but's it's still interesting to see what a founder on a rocketship is doing to diversify a little, even in the particulars of the conversion/disclosure & how it's (mis-)interpreted by peanut galleries everywhere.

[skwirl → rodw]

Just flag it. I really don't think your proposed headline would have gotten any traction here and would have immediately dropped off the front page.

[rodw → skwirl]

> I really don't think your proposed headline would have gotten any traction here

That's OK with me.

[MR4D → skwirl]

Good point. Also, the title violates HN guidelines.

[ceejayoz → rodw]

> "Zoom CEO sold $24m worth of stock" is still a pretty compelling headline.

Is it? That's like a quarter percent of his holdings.

[Bang2Bay → ceejayoz]

> That's like a quarter percent of his holdings.

my calc says 0.025%

[ceejayoz → Bang2Bay]

$24M sale / $10B holdings * 100

[johnwheeler → rodw]

If he has stock worth $10 billion, it's insignificant.

[rodw → johnwheeler]

I guess. I don't know how much of that $10b is readily liquid. If we really want to look at it in percentage terms it seems like that number is the one to compare to.

Frankly it seems reasonable to me to sell off some shares to "lock in" some of the gains; I'm not sure that shows a lack of confidence going forward.

Besides, there's a lot of reasons to sell shares. Maybe he's buying a house.