You are arguing with someone who cannot extrapolate his own past frustrations with the stock price, to the enormity of wealth loss (not that any of us feel sorry for them) Larry and Peter have seen. Who it cannot occur to, that Larry and co. may have thrown the money around a bit too much:
That they might have got a little carried away in their own success in 2021 and now indeed themselves have to dip in to a little BNPL equivalency to keep the strife and bin-lids happy after their silly past exuberance:
(and it got worse again for Larry as his stock fell further)
...and not unlike BNPL users, might possibly be a little over leveraged in their own extravagant lives, let alone other business ventures, and not have any actual cash left to buy shares.
Its amazing in threads on a company dealing in financial leverage as a business and its end users ultimately, some posters obsession with the founders cannot extrapolate that to the founding exec's who may still have a 'Pammie' or two to get by, but lost a truck load of 'Watermelons' and don't have any spare change to buy shares. You'd think he do a little work on their ability to buy shares before posting 82,000 times, in his obsession with it.
Larry, Peter and co. all want this stock at $10 again (good luck with that), let alone $2. To insist that only Larry and Peter buying shares can do that in the short term, as this aimless and relentless poster has been boring everyone for months now, shows you the intelligence you are dealing with. He was also saying recently that 'the only thing that will get this stock to $1 soon was Larry and co. buying' and yet we saw $0.96 print.
Larry held 10% of a company that was worth $7 billion on its highs, that did asset-backed securitisation (ABS) deals with an AAA-rating! He recently held far less than 10% (suffering from debt for shares dilution like the rest of us) that had a mkt cap as low as $250 million recently. Like ZIP, Larry's credit rating was rather dour at $0.26 and he could not have raised funds if he wanted to - and he desperately will have wanted to buy stock, just as he bought shares in 582,500 share at $1.72 in early March 2022.
Now I've never been that fond of Larry, but even a cursory look at his finances and prior share trading would explain his lack of 2023 share buys. Perhaps not exactly hard to comprehend to most investors to some a guy worth some $700 million on the share price highs, doesn't quite have the same buying power at some $20 million share worth on the lows.
ZIP Price at posting:
87.5¢ Sentiment: Hold Disclosure: Held
(20min delay)