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Do you have a source for that? The linked article just says “certain existing stockholders.”
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They're selling shares but it doesn't look like they're cashing out to me. Dario is going from 3.6% to 3.2% and then also losing 2% of his voting power.

Sure, he's putting aside the possibility of being a 10 trillionaire in exchange for merely being a billionaire and then maybe being a 100 billionaire later. But, I mean at some point there's diminishing returns on having a mountain of cash that would make a dragon blush.

EDIT. Despite evidence to the contrary, I remain bearish on frontier models. However, unless I'm missing something the evidence also shows that Dario et al remain bullish. Except they're taking the reasonable route of also having a giant pile of money.

Unless of course I'm missing something.

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I just think it sends the wrong message. The only people who get to sell any stock at the opening are the 7 musketeers… and given how poorly IPOs have been doing it seems extremely unfair.
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Lol, can you quote that part?

And yes, of course, the scam is almost done. Time to go the bank $$$.

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It's not a scam if you do it in the open and don't break any laws. Look at SPCX. A lot of retail investors are just dumb. There are people here who will go off about how great a company it is-- fine, no argument. That's not what makes a good investment.

Americans want to invest how they want. They want to strike it big and the way the world works is most of them won't. I think we need to be at peace with that and maybe adjust the tax code some.

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Normal people are not reading an S1 and don’t understand the various levers that can be manipulated. The SEC is dropping the ball imo.
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SEC has 2 of what should be 5 commissioners, it's hardly functional
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The SEC is working exactly as it is bribed to work right now
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