Unity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcement
CEO John Riccitiello sold 2,000 shares a week before Unity revealed its Runtime Fee
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Some rat-off-sinking-ship move? Only in this case the rat also was responsible for the sinking, and leaves with a pile of cash? But then I'm no expert in neither gaming nor stocks, nor ships.
Watching turbo capitalism eat itself live and in colour is rad.
I'm no expert either, but this could be a deliberate exit plan that CEOs do, or if he plans to stick around, it could be a deliberate ploy to buy back shares at a lower price - so even if he bought back everything he sold, he'd be making a big profit. Could also be combined with a ploy to introduce the actual pricing plan they wanted to implement all along, and when they implement it, it won't seem so bad combined to what they've proposed currently, and people, especially those deeply invested in the Unity ecosystem, will lap it up.
Or like most CEOs all his trading is done by a 3rd party so there is no conflict of interest
Sadly none of these options seem to add anything of tangible quality to actual life, just yet another bit of scamming people out of money somehow to add to the general dystopian vibe.
Of course, that's what I was getting it. It's highly unlikely that all of this wasn't pre-planned, this stuff is taken right out of the modern CEO playbook.
Isn’t that what executives usually do?
