Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
This is not debate club. Unless it’s amusing debate.
For actually-good tech, you want our NotAwfulTech community
Whenever there’s a sale, the majority of eligible employees sell up. Nothing like confidence, eh?
this is just sound financial advice, you convert your vested company shares into SPY as fast as possible, otherwise you have your income eggs and your investment eggs in the same basket.
If I'm not mistaken, in past tech booms, many employees used to become rich by keeping at least some of their stock, though. I think it is somewhat telling if most of the employees (who could be expected to be familiar with the company, its technology, its products and markets) don't seem to expect this to happen here, but rather treat this as a job in a more "mature" industry with little growth potential, such as manufacturing or banking.
Also, capital market investors tend to consider so-called "insider trading" (which includes trades by company employees and executives) as somewhat predictive of stock prices, as far as I know.