A breakdown of CVNA Market strategy.
Company A buys your car for $8,000, which is worth 10,000. Company A then creates company B under new name. Company B buys the car from Company A for $15,000, showing an 80% margin. Company A stock price skyrockets. Company B then sells your car for $10,000, taking a 30% loss. Company B files for bankruptcy. Company A insiders sell billions of stock at inflated price, then take some of that money and create Company C. Rinse and fucking repeat.
A CFO dumping $4.8M in shares doesn’t mean much if his net worth is 10x that. That money could be spent A: on gifts for his family, B: real estate, C: gambling with WSB, or D: all of the above.