I'm curious if this is in anyway related to the lawsuit they just filed against the trump foundation.
Considering he's their biggest draw of views. Twitter may be facing a very uncertain future.
It's really not too uncommon to unload when in an ownership position. Bezos is unloading the maximum legally allowed to him for Amazon stock every year, and he would be long dead of old age until he could actually sell all of his stock legally.
30% means he doesn't have that much relatively speaking, so it seems like more of a security blanket whether or not twatter dies...which it probably will.
It just sort of reminds me of the parent company I used work for.
When I was about to get hired on, I poked around on the hierarchy of who actually owns the company. During my research I found that the president has sold $40 mil with of his stock, making the VP the majority share holder. Two months later the entire organization was sold to a French company.
It may not always be the case, but CEO's selling vast amounts of stock often forshadow big changes in the works.
I have no idea which stock is a more terrible idea, Twitter or Sears. I wouldn't hold either.