Billionaires cash out shares early before Trump’s tariff plunge

Insiders including Meta Platforms’ Mark Zuckerberg, Oracle Corp’s Safra Catz and JPMorgan Chase & Co’s Jamie Dimon cashed out shares worth billions of dollars before President Donald Trump’s tariff announcements roiled markets.

BILLIONAIRE SELL-OFF
The top insider sellers during the first three months of the year, according to Washington Service

Table with 4 columns and 10 rows.
Billionaire Title Value sold ($US) Shares sold
1 Mark Zuckerberg Chairman and chief executive, Meta Platforms $733.5M
$733.5M
1.1M
2 Safra Catz Chief executive, Oracle $705.5M
$705.5M
3.8M
3 Nikesh Arora Chairman and chief executive Palo Alto Network $432.4M
$432.4M
2.4M
4 Max De Groen Director, Nutanix $409.8M
$409.8M
5.5M
5 Chuck Davis Director, Axis Capital Holdings $400M
$400M
4.4M
6 Stephen Cohen President, Palantir Technologies $337.2M
$337.2M
4.1M
7 Jamie Dimon Chairman and chief executive, JPMorgan Chase & Co $233.8M
$233.8M
866.4K
8 Eric Lefkofsky Chairman and chief executive, Tempus AI $231.5M
$231.5M
4.1M
9 Ted Sarandos Co-chief executive, Netflix $194.9M
$194.9M
199.1K
10 Travis Boersma Co-founder and chairman, Dutch Bros $189.6M
$189.6M
2.5M
Source: Washington Service

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whowasthatmaskedman · 70-79, M

Your facts are right. But your reasoning is incomplete. The cash will be used to buy assets in other currencies, fearing the drop in relative value of the $US.Even assets in the US like real estate, gold or Yachts will be a better investment than shares in US companies..😷

Roundandroundwego · 61-69

@whowasthatmaskedman but this time the money left those places at the same time.

whowasthatmaskedman · 70-79, M

@Roundandroundwego Well I have been preaching that the dollar will tumble for a long time now. All the economic alarm bells were ringing. It was only the "too big to fail" mentality that kept it afloat. Now with BRICS as a viable alternative and Trump on the rampage, America doesnt look too big to fail and there is a buck to be made if you reposition early..😷

Briggett · T

@whowasthatmaskedman dude it’s about the cryptocurrency anyone wants some odds?
Because once the big money leaves it’s going into other currencies and we the regular citizens are going to left trying prop up something that will have little or value in the very near future.

whowasthatmaskedman · 70-79, M

@Briggett Pretty much what I have been saying back from before Covid. They are squeezing the last of the blood out of a stone.😷

Briggett · T

@whowasthatmaskedman I’ve saying the same exact things when 68 cents of every dollar is depending on the consumer spending to keep this economy rolling along.

Roundandroundwego · 61-69

@Briggett at present the US economy is driven by the consumer spending of ten percent or fewer of the people. Two thirds of consumer spending is from a tiny portion of the population.

Briggett · T

@Roundandroundwego another way to look at it the actual amount of individual savings in the US as compared to other top Economies of the world.

whowasthatmaskedman · 70-79, M

@Briggett Yeah.....Nah! Now subtract the $36 Trillion America owes the rest of the world. A number that has been steadily rising for decades. Then shot through the roof under the current President..Any savings in the US is undermined by both the overseas debt, that has boosted the standard of living off all Americans (yes . Its kept the prices of everything lower by postponing payment) And also by the lack of long term investment by government and business. Look at the worn out and crumbling everything..No one has kept it up and it will fail or need replacement soon..

Briggett · T

@whowasthatmaskedman this what you need to understand about the GOP since the Nixon administration they don’t believe in building or fixing anything. Everything that we use only a daily basis is needed of repair or replacement.
The only reason the local school houses got a facelift was because of the decline in certain demographics in this area.

whowasthatmaskedman · 70-79, M

@Briggett I accept everything you said there. But its short term thinking and like anything not maintained, thats society breaks in the end. Thats literally wasting the potential of millions of people. Thats not how man makes it to the stars. And the society that got man to the moon should know that better than anyone..😷