Re:Twitter shares drop as Salesforce reported to be out of t...
by bigethan on Friday October 14, 2016 @03:12PM
(#12710393)
This all happened during a time when employees were _not_ allowed to sell stock.
Re:Twitter shares drop as Salesforce reported to be out of t...
by the_watcher on Friday October 14, 2016 @04:50PM
(#12710997)
Twitter employees can't currently sell stock? I was unaware of this.
Re:Twitter shares drop as Salesforce reported to be out of t...
by murph on Saturday October 15, 2016 @03:01PM
(#12715224)
They can only trade one month out of three. Specifically, they can trade immediately after quarterly earnings.
This is pretty common amongst similar companies.
Re:Twitter shares drop as Salesforce reported to be out of t...
by jsprogrammer on Friday October 14, 2016 @03:37PM
(#12710532)
Is there a rolling window?
Re:Twitter shares drop as Salesforce reported to be out of t...
by netik on Friday October 14, 2016 @03:54PM
(#12710635)
Yes, there was a stock sales window when I worked there and I assume there still is now.
Most publicly traded companies have lockout periods if you have access to "insider information." Given that Twitter is (was) fairly transparent about company financials, this is probably still true.
Fake acquisitions created for the purpose of driving up share price, during a time period when twitter employees are allowed to sell.
Got to allow twitter employees to cash out somehow.