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RE: Method to the Madness - Vulture Capitalism Comes to the Blockchain
Yeah there could be more of these on the way. Perhaps they'll learn from this move - losing the faith of the community and lead developers at the company, arguably Steem's main draw must be a huge blow. I guess he'll be dumping ASAP :/
I think dumping asap may have always been part of the plan...
If they bought at below market price then he's already made a juicy profit, if he could overthrow the governance and get those funds to the exchanges quickly. He's got one foot out the door but he's taking a beating atm, especially his reputation in the space.