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That’s a total of $9,593,678,790 or 9.6 billion dollars moving out of the tech industry, by people who have intimate knowledge about the future of their companies.

How is that money moving out of the tech industry? Those shares of stock did not disappear when sold; someone else now owns shares of that company. Money changed hands in exchange for stock. That money did not leave the tech industry.

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I think the idea is that more informed individuals (executives) are selling and less informed individuals (retail investors) are buying.

I agree. In some cases, like Bill Gates, the money is probably on a one-way trip to Africa. But in many cases the money will probably be used to fund new tech ventures.

I don't think that's what scott_s meant. When Bill Gates sells his shares, someone else buys them. The amount of money Bill withdraws is exactly matched by a new investor(s). The MS stock price stays roughly the same.

Think of it this way, Microsoft didn't raid its savings account and sell off office furniture to pay him. Another investor pays him.

You are correct, that's the point I was trying to make.

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