[TigerClaws]

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

[Cats Pajamas]

Thanks. Just posted to my Facebook :)

[DoughtyOne]

Thanks so much for your support to this point... I personally apprecaite it...
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Just $185.00 dollars to 95.00%

[butlerweave]

so Facebook was where Obama got all his info to Blackmail the Politicians into giving him everything he wanted

[dennisw]

I’ll bet half of facebooks American accounts are dead and not updated/ All the time I see accounts where the last update was two-three years ago.

[DesertRhino]

This is in Martha Stewart territory.

[VeniVidiVici]

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.

Was this in 2013 when Zuckerberg shared Facebook data with Obama?

[Toirdhealbheach Beucail]

It all depends on the nature of the sale. For most Senior Executives, sales of stock have to be filed in advance (I believe with the SEC). The filing, if it was made, should be available on the EDGAR database. If it was indeed filed, it then just happened to be the luck of the day.

If not filed, then yes, yes there is a problem...

[2CAVTrooper]

Uh, probably not.

[Jonny7797]

It’s a very misleading article.

As far as I can tell by looking at the Form 4s filed with the SEC, most of the sales of shares were part of a pre-arranged plan, called a 10b5-1 plan, that was set up in 2017 and was set out to sell 35 million to 75 million shares that he owned.

There could be shenanigans with the administration of the plan but brokers would have to be in on it and there would need to be collusion with a few others.

Not likely.

This is fake news.

[napscoordinator]

Facebooks been hashed the last 5 days. He’d be a fool not to sell.

[ssaftler]

If President Trump or one of his buddies did this, there’d be at least 5 more “special prosecutors” empaneled until at least January 20, 2025.

[EinNYC]

I know for a fact I have far more regard for the snot I just blew into a Kleenex than I have for anything associated with Mark Zuckerberg. He has firmly demonstrated that he has divested himself not only of stock, but of the birthright of his heritage and his people. He has chosen the way of Soros, which is to laugh with the devil himself. I think, despite his enormous wealth (probably ill gotten), he will come to a bad end. You can’t buy your way to Heaven.

[Jane Long]

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

---

Ask Martha Stewart.

[Lurker]

Martha Stewart, call your office.

L

[Osage Orange]

Personally...speaking only.

I think Facebook..."can" be of value...to keep in touch with friends and family.

But...the negatives outweigh the positives...IMO.

I've never done FB..and never will.

And considering they squash Conservative thought..and such...I don't know why any Conservative uses it.

[Harmless Teddy Bear]

No, it is not.

But it sounds like that was not what this was.

It sounds like he had a planned schedule that he has been selling stock on for some time.

If that is the case all is well. If he had just dumped the stock unexpectedly there would be trouble.

It is like destroying records.

If your company has a plan to destroy record that are over seven years old and you stick to it even if they suspect you shredded what would have been incriminating information the day before they slapped you with a "retain all records order" they can not touch you because you were following a planed schedule.

If you don't have a planned schedule or have not stuck too in in the past then they can nail you to the wall for attempting to subvert justice if you destroy a bunch of record the day before you got slapped with the order.

[CivilWarBrewing]

Wellllll, isn't that special..

[Rebelbase]

I wonder if Zuck’s philanthropy will include giving every welfare case a free Thanksgiving Turkey and a pair of Air-Jordans for Christmas in the years running up to his candidacy for political office?

[Jmouse007]

Insider trading = “Lock em up Danno”.