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itsnotoutthere

Nancy Pelosi’s husband cashed in on Big Tech

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itsnotoutthere

The week before the House Judiciary Committee voted on reigning in big tech, Speaker Nancy Pelosi’s husband exercised a bullish bet on Google-parent Alphabet, in a timely transaction that netted him $5.3 million.

The antitrust bill was advanced as a push by the government to curb the “unregulated power” of big tech firms Google, Amazon, Apple and Facebook. It was the final part of a six-part package called “Ending Platform Monopolies Act” aimed at restricting how big tech companies offer their products to ensure they don't use their size to dominate the market.  

However, despite its good intentions, the market reaction to the judiciary panel approving the legislation was muted—shares in big tech companies in fact rose after investors found the House proposal to be no real threat.

Paul Pelosi, who bought 4,000 shares of Alphabet on June 18 (as revealed in a financial disclosure signed by Nancy Pelosi and filed on July 2), made an initial $4.8 million gain from Alphabet's rising share price, and has since seen his gain grow to $5.3 million.

https://fortune.com/2021/07/08/house-speaker-nancy-pelosi-husband-paul-big-tech-stocks/

 

:rolleyes:

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aztek

has he paid taxes on it? we demand full investigation, we need to go thru their financial records to see if any crime was committed. 

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Myles

This is one way politicians are able to make lots of money.   Inside information laws do not apply to them.

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