Hacker News new | past | comments | ask | show | jobs | submit login

I wonder what impact him selling all his stock had on the share price. They floated 180M shares at IPO, Travis owned 117.5M. Average daily volume is about 25M shares.



The release of the news might move the market a bit, but typically for these large volume trades, they don't go through the typical exchanges like NYSE. Instead, traders will often deal with another large player through an OTC transaction.


Many studies have shown that in the long term, OTC and normal trades have same stock impact.


Also, I assume this would have been announced in advance, not? Or doesn’t this apply to him as he’s not an executive anymore?




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: