Hey @SEC_Enforcement do you even care anymore. Chairman unloads stock this week ahead of a secondary

Criminal behavior, now we know why @chamath tried to frame it as recycling capital for good causes. https://twitter.com/orthereaboot/status/1339922669257568257

Here’s the excuse: https://twitter.com/chamath/status/1339425375063953409

I mean, didn’t even have the decency to put two weeks between it for plausible deniability. He’s just out there flaunting it

For those who don’t have Boars experience (and why would you?) - these decisions for a secondary offering are decided by the board in a formal meeting context. These are not spur of the moment - they are planned weeks to months in advance UNLESS the company is in serious trouble

Assuming they aren’t in serious trouble (which would also have been MNPI for @chamath), this would be something they have been discussing for some time. You need a week or so lead time to even launch an offering due to the documents needing to be prepared

So there is almost zero chance @chamath was not aware of the impending secondary and he still decided to sell.

@SEC_Enforcement this is a serious breach and your inactions are undermining the integrity of the capital markets

It’s really quite a sad commentary on our society that people like @chamath and @elonmusk are held in high regard for their “contributions” when they are just grifting. They feel above the law, and at this point they actually are

Regardless of your political beliefs, let us all hope the Biden administration takes its enforcement responsibilities a bit more seriously than our current clown show

Well said @orthereaboot https://twitter.com/orthereaboot/status/1339923737215447045