Zuckerberg- DONE?

[Ifallalot]

https://www.zerohedge.com/news/2018-07-26/sec-may-want-take-look-facebook-insiders-dumped-41-billion-stock-scandal

Massive insider sell off

 

[the janitor]

whoa, that's sketchy

 

[studog]

a little bribe/donation to a political party and the SEC will turn a blind eye to it

 

[Billy Ocean]

Damn that’s gonna be hard to explain

Did Russians make him do it?

 

[mundus]

Good, Facebook is Satan.

 

[Mr Doof]

It isn't difficult to explain.

People on the inside always have a good idea of what is going on.

It is not illegal for them to buy/sell based on that non-public information/knowledge, they just have to report it correctly.

It is why the SEC has rules about reporting buys/sells by officers, and it why there is a financial "industry" that follows these buys and sells...you know, like this.

All that public information, someone just needed to pay attention...

It is illegal for them to share this information through backdoor channels however.

 

[studog]

Damn that’s gonna be hard to explain

it's publicly disclosed https://www.reuters.com/finance/stocks/insider-trading/FB.O?symbol=&name=&pn=1&sortDir=&sortBy=

 

[Billy Ocean]

Damn that’s gonna be hard to explain

it's publicly disclosed https://www.reuters.com/finance/stocks/insider-trading/FB.O?symbol=&name=&pn=1&sortDir=&sortBy=

I have something to tell you

I’m not left handed

 

[obslop]

the Swiss National Bank as of its last reporting held more shares in Facebook than Zuck. the shares were purchased with money created by pressing keys on a keyboard. wonder how many they still hold?

 

[Ifallalot]

the Swiss National Bank as of its last reporting held more shares in Facebook than Zuck. the shares were purchased with money created by pressing keys on a keyboard. wonder how many they still hold?

Isn’t that how nearly all money is created nowadays

 

[obslop]

the Swiss National Bank as of its last reporting held more shares in Facebook than Zuck. the shares were purchased with money created by pressing keys on a keyboard. wonder how many they still hold?

Isn’t that how nearly all money is created nowadays

yes but only the SNB and BOJ (Japan) are actively buying equities in stock market. if/when word leaks that either is selling, a buyer will not be found.

 

[the janitor]

the Swiss National Bank as of its last reporting held more shares in Facebook than Zuck. the shares were purchased with money created by pressing keys on a keyboard. wonder how many they still hold?

maybe more Class A shares, but not more Class B which control the company...

 

[GromsDad]

I've always thought the value of Facebook as a company was way way way overvalued. Even after this correction it will still be overvalued.

 

[studog]

David Wehner is the one who's done. he'll be the scapegoat for revealing all the bad data trends

 

[hammies]

Very few people under 20 do FB; it's viewed as social media for old timers and parents. Not a good growth position. I'd sell.

 

[bird.LA]

Very few people under 20 do FB; it's viewed as social media for old timers and parents. Not a good growth position. I'd sell.

They own instagram too. Younguns love instagram.

But the entire market is overvalued, especially tech stocks.

 

[the janitor]

Very few people under 20 do FB; it's viewed as social media for old timers and parents. Not a good growth position. I'd sell.

They own instagram too. Younguns love instagram.

But the entire market is overvalued, especially tech stocks.

agreed, but if we could keep the asset bubble going for another month or two I'd appreciate it

 

[Ifallalot]

Doesn't' Facebook own a large portion of Instagram?

 

[the janitor]

If by large portion you mean 100%, then yes

 

[FecalFace]

If by large portion you mean 100%, then yes

It's not the same product though.

Instagram may become the new Facebook as people get tired of it and something new comes along.

I think "instagram TV" feature was a disaster but I could be wrong.