Zuckerberg saved tens of millions by selling Facebook stock ahead of Monday decline

Market Watch ^

[TigerClaws]

This legal? Unloading a stock when you have insider info it's going to tank?

[rktman]

🤔 Nothing to see here. Move along. Purely coincidence.

[savedbygrace]

I’ve watched enough TV law shows to know it’s not legal.

LOL!

[JoSixChip]

Sounds like insider trading to me. Needs to be investigated.

[Sam Gamgee]

Sounds like Zuckerberg. The only reason he runs Facebook is he stole it from his partner.

[P-Marlowe]

Insider trading. Highly illegal.

[fieldmarshaldj]

Yellow Teefs needs to go to prison.

[Sam Gamgee]

I hope Trump pressures the AG to get that trial going post haste.

[dforest]

People should do a major dump on Fakebook.

[Architect of Avalon]

Everyone who has Facebook stock should dump it ASAP.

[Reno89519]

It is not just data used by Trump, Facebook employees or former employees say the rather obvious that Facebook was sharing data and working with the Clinton campaign. The problem now is that all of this is very public and contrary to an agreement they made with the FTC. While they might try and throw all of the focus on Trump's contractor, the real culprit is Facebook that was (1) Already sharing the data and (2) Did not protect it, both in violation of the responsibilities and settlement agreement.

Love the prospect of $50,000 per violation by how many people and how many instances?!

[Eddie01]

just soes ya know.

the major for profit corporations are the target of the government.

not because of some mythical corporations are bad BS, but because their stock prices are easily manipulated by government regulation and hearsay.

so bill gates and zuckerberg play ball for protection. they say what they are told to say.

look around at all the for profits that have been attacked by our government to drive stock prices down and then back off the threat after the politicians, their families and international partners swooped in and bought on the cheap.

[Chode]

POS just wanted some pocket money, nothing illegal here...

[TexasGator]

“This legal? Unloading a stock when you have insider info it’s going to tank? “

It was part of a predetermined plan. He sold less than $1 billion this year yet lost $5 billion today alone.

His ‘profit’ from that was dwarfed by his loss today. Not exactly ‘unloading’ on insider info ...

[TexasGator]

“Insider trading. Highly illegal.”

Your bias is preventing you from seeing the facts.

[Cats Pajamas]

Didn’t martha Stewart get six months in the pen?

[Neoliberalnot]

Insider trading is highly illegal but you can bet Zuck can buy justice.

[bagster]

Q said watch who sells off stock in social media. Also, note the political controversy that caused the drop. I forget the name of the dirty company they were in cahoots with.

Zuckerberg saved tens of millions by selling Facebook stock ahead of Monday decline.

Facebook Inc. Chief Executive Mark Zuckerberg saw his net worth decline by about $5 billion Monday, but it could have been worse.
Ahead of Facebook’s worst one-day decline since 2012, prompted by news that data affecting 51.3 million members was improperly shared with a political consulting firm, Zuckerberg had been busy selling stock. So far this year, he has sold nearly five million shares.

[jmaroneps37]

Can you say insider trading boys and girls?

[fuzzylogic]

My understanding is “it depends”. I believe folks at the top of these companies forecast their intentions to sell well in advance. If this is inline with what was reported it probably flies.

If this is not in-line with forecast then yes, he has a problem.