It’s a pump and dump. MS owns something like 25% in OpenAI. The moment OpenAI goes public MS stock will go up as well but that only happens if they can inflate the user numbers. Remember people at the top of MS earn most of their money in stock options and by selling those shares on a scheduled basis. It’s not considered insider trading if the sale of the stock was planned ahead of time and notified to the authorities.
If that’s the case then we should celebrate. When the dump stage hits and OpenAI stock tanks we’ll see a wider selloff in the AI industry. Could burst the bubble entirely!
It’s a pump and dump. MS owns something like 25% in OpenAI. The moment OpenAI goes public MS stock will go up as well but that only happens if they can inflate the user numbers. Remember people at the top of MS earn most of their money in stock options and by selling those shares on a scheduled basis. It’s not considered insider trading if the sale of the stock was planned ahead of time and notified to the authorities.
As if insider trading would be punished these days
If that’s the case then we should celebrate. When the dump stage hits and OpenAI stock tanks we’ll see a wider selloff in the AI industry. Could burst the bubble entirely!
Don’t worry, your tax dollars will be hard at work propping up those “too big to fail” AI companies.