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A comment on Robinhood lays off 23% of staff. Parent comment

Re:Robinhood lays off 23% of staff by alasdair_ on Tuesday August 02, 2022 @07:18PM (#32325544)
There is if you are an executive that is privy to non-public information.
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Re:Robinhood lays off 23% of staff by gruez on Tuesday August 02, 2022 @07:37PM (#32325710)
That's insider trading, and a whole different accusation than the one levied above, which is implying some sort of wealth inequality issue that executives are compensated in stocks and non-executives are compensated in cash.
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Re:Robinhood lays off 23% of staff by alasdair_ on Tuesday August 02, 2022 @08:38PM (#32326240)
My point is that if you have non-public information, you can’t actually sell the shares for cash whenever you wish, so it’s not the same thing.
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Re:Robinhood lays off 23% of staff by gruez on Tuesday August 02, 2022 @08:47PM (#32326313)
>you can’t actually sell the shares for cash whenever you wish, so it’s not the same thing.

I guess it's true that you can't sell "whenever you wish", but if you set up a rule 10b5-1 plan your shares are effectively as good as cash.

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