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[–] meglomaniac 0 points 11 points (+11|-0) ago 

I'm a skeptic.

Do we know if he sold any other stock before on a schedule? Most major stock holders of places like google/fb/etc sell stock on a regular scheduled basis to avoid issues like this. If it hits at a profitable time, they can point to the schedule and go "its been this way for months".

The same issue was raised regarding zuck if I recall correctly, and it was shown to be a scheduled stock sale.

[–] [deleted] 0 points 7 points (+7|-0) ago  (edited ago)

[Deleted]

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[–] meglomaniac 0 points 7 points (+7|-0) ago 

Im just saying that when you own a ton of primary stock in a bluechip company like google, you can't just dump it onto the market at once, you're limited an amount of stock you can sell within a certain period. Most CEO's/etc will sell the max every quarter on a schedule because it prevents any accusations of insider trading like this thread.

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[–] eronburr ago  (edited ago)

I see both points but facts are only he knew what info was going to be released and how it would effect company image.

I can't imagine Sundar sells $21m every 5 days, nor that this hearing was going to be negative and just happened to come after his stock dump. But just like Equifax, nothing happens. Funny thing about Equifax is I was offered a job last month to oversee network security across their datacenters and when I asked for $90k, they said it was too much and asked me to reconsider.
I responded that my info was leaked in the hack, that the CEO dumped millions before the hack was made public, that the CIO was a history or music major with no tech experience, and that I would reconsider but it wouldn't be less than $90k. Never heard back.

Fuck these people

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[–] 1F4A9 ago 

Yeah, but this is often just used as an excuse to deny insider trading. They always have sell offs scheduled, and often cancel those and nobody bats an eye.

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[–] woolgathering 1 point 3 points (+4|-1) ago 

Can you spell INSIDER TRADING?

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[–] Somali 0 points 3 points (+3|-0) ago 

I imagine he has to notify way in advance that he's gonna do it. And pretty sure google grew since. Either way it's a shit stock you can't really make money with at this point unless you hedge it not going anywhere

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[–] youtube_comments 0 points 3 points (+3|-0) ago  (edited ago)

Stock dumping is when people get rid of stock they think will do bad.

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[–] whatdaheck 0 points 1 point (+1|-0) ago 

Any voaters know how to short a stock?

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[–] Phlutdroid 0 points 1 point (+1|-0) ago 

Are you asking for advice?

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[–] whatdaheck 0 points 2 points (+2|-0) ago 

Yup. You got any?

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[–] My_Name_is_Not_Sure 1 point 1 point (+2|-1) ago 

He also dumped in the street.

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[–] AlphabeticalAnon 1 point 0 points (+1|-1) ago 

Shitskins never change.

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[–] 15560146? 3 points 1 point (+4|-3) ago 

That was just a co-incidence. Honest.

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[–] kalchaya ago  (edited ago)

A bird in the hand is worth two in the bush....better to sell it for $21 million today, than risk negative publicity driving down the price to $20 million tomorrow. It don't take much to panic-attack yuppies.

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