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.
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...