this post was submitted on 18 Sep 2023
553 points (92.0% liked)
Technology
59292 readers
4815 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How is this not insider trading?
Because it's scheduled. He probably just has a "sell all of my stock bonuses as I receive them" order to his broker. If he doesn't actually get involved in the day-to-day decision making of his stock portfolio, then there's no special knowledge involved in the sale.
he didn't have control over the trades, but he controlled the timing of the announcement entirely.
they knew since june (when the TOS was edited), but waited until last week to drop their stinker of a plan after everyone had already cashed out what they wanted to.
almightysnoo above posted this, which I think is revealing:
That makes sense. Thought there would be a reasonable explanation for it.