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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.

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[–] Ex-Redditor [S] 0 points 7 points (+7|-0) ago  (edited ago)

Like scheduled meetings with the DOJ that they are notified of months in advance?

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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 0 points 0 points (+0|-0) 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 0 points 0 points (+0|-0) 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 points 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 points (+1|-0) ago 

Any voaters know how to short a stock?

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[–] Phlutdroid 0 points 1 points (+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 points 1 points (+2|-1) ago 

He also dumped in the street.

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

Shitskins never change.

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[–] FecalDemiurge6000 3 points 1 points (+4|-3) ago 

That was just a co-incidence. Honest.

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[–] kalchaya 0 points 0 points (+0|-0) 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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