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Re:Facebook Sued by Investors Over Voter-Profile Harvesting by toomuchtodo on Tuesday March 20, 2018 @08:13PM (#16634070)
Facebook has lost almost $60 billion in value since the CA story broke. If you’re an investor, and this information wasn’t publicly available to you, you might feel aggrieved and want to seek compensation.
Re:Facebook Sued by Investors Over Voter-Profile Harvesting by 734786710934 on Tuesday March 20, 2018 @08:17PM (#16634087)
Should investors be able to sue a company anytime its stock goes down?
Re:Facebook Sued by Investors Over Voter-Profile Harvesting by nabla9 on Tuesday March 20, 2018 @08:35PM (#16634192)
Facebook is a public company. They have strict rules related to informing stock owners and insider trading.

Investors should be able to win a lawsuit if they can prove that company did not immediately disclsee important information, falsified information or that some owners were privy to insider information when they traded (Zuk sold his shares in suspicious time).

Re:Facebook Sued by Investors Over Voter-Profile Harvesting by TAForObvReasons on Tuesday March 20, 2018 @08:41PM (#16634232)
> (Zuk sold his shares in suspicious time).

It's more interesting than that:

> Zuckerberg has sold more Facebook stock in the last 3 months than any insider at any other company

Given that there were indications that he knew well before today, there may be a case.

https://www.cnbc.com/2018/03/20/zuckerbergs-facebook-stock-s...

Re:Facebook Sued by Investors Over Voter-Profile Harvesting by danabramov on Tuesday March 20, 2018 @08:50PM (#16634271)
If you read the article a bit further, you might find the explanation:

>Zuckerberg's sales accounted for the most, by far. He announced plans in September to sell 35 million to 75 million shares over the next 18 months to fund philanthropic efforts.

It's not new and was announced in September 2017.

From the same article:

>CEO Mark Zuckerberg sold 1.14 million shares as part of regularly scheduled programs.

Re:Facebook Sued by Investors Over Voter-Profile Harvesting by TAForObvReasons on Tuesday March 20, 2018 @08:55PM (#16634305)
The whole discussion surrounds events that occurred long before September 2017, which is why this is interesting. Previous articles indicated that the company, and likely Zuckerberg himself, was aware of part of the situation in 2015 and found out more in 2016 / early 2017. If it can be established that he knew about it, the 2017 September sales announcement is arguably tainted.
Re:Facebook Sued by Investors Over Voter-Profile Harvesting by wu-ikkyu on Tuesday March 20, 2018 @08:58PM (#16634328)
If I were insider trading thats what I would say too. It is tax deductible.
Re:Facebook Sued by Investors Over Voter-Profile Harvesting by imglorp on Wednesday March 21, 2018 @08:36AM (#16637476)
I think you have to give it away before you declare it on your taxes.
Re:Facebook Sued by Investors Over Voter-Profile Harvesting by wu-ikkyu on Wednesday March 21, 2018 @10:21AM (#16638172)
It's a convenient loophole to "give it away" to your own organization.
Re:Facebook Sued by Investors Over Voter-Profile Harvesting by yup123 on Tuesday March 20, 2018 @08:19PM (#16634104)
They may sue when there is suspicion that the company didn’t disclose info that may affect their value.
Re:Facebook Sued by Investors Over Voter-Profile Harvesting by Agathos on Tuesday March 20, 2018 @08:20PM (#16634112)
Someone pretty much always will. It's stupid.