Paul Pelosi Dumped 30,000 Shares of Google Stock One Month Before DOJ Antitrust Lawsuit Filed This Week

Pelosi Crime Family Update:

Paul Pelosi dumped 20,000 shares of Google stock in December – a month before the Department of Justice and Merrick Garland filed their antitrust lawsuit was filed this week.

Google is down 4% on the news.

FOX Business reported:

Paul Pelosi, the multimillionaire husband of former House Speaker and current Rep. Nancy Pelosi, D-Calif., sold 30,000 shares of Google stock a month prior to the Dept. of Justice’s announcement of an antitrust lawsuit against the tech giant, according to a financial disclosure filed with the House of Representatives.

Pelosi reported the sale of Google stock in three different transactions between Dec. 20 and Dec. 28, 2022, each of which involved the sale of 10,000 shares of stock in Google’s parent corporation Alphabet Inc. The Periodic Transaction Report filed with the House notes that each transaction involved an amount between $500,001 and $1,000,000 and yielded capital gains of more than $200 — although it’s unclear how large the profit was. Taken together, the trades involved 30,000 shares and between $1.5 million and $3 million of assets.

The DOJ and eight states announced a lawsuit against Google on Tuesday, alleging that the company engaged in anticompetitive behavior and exercised a monopoly over internet search traffic.

“Google’s anticompetitive behavior has raised barriers to entry to artificially high levels, forced key competitors to abandon the market for ad tech tools, dissuaded potential competitors from joining the market, and left Google’s few remaining competitors marginalized and unfairly disadvantaged,” the DOJ and the states allege.

[i]Wait a minute, couldn't Nancy have had information well ahead of the lawsuit and shared it with her hubby?
What do they call that again? Oh yeah, insider trading.[/i]

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newjaninev2 · 56-60, F

Apparently you don't understand stock-market investing.

If you told me that a stock I hold was guaranteed to temporarily drop by 4% I would immediately buy a lot more of it. After all, you'd be offering to sell me a $1 note for 96¢ (please feel free to do so at any time you like)

That aside, I routinely sell stock if I feel I can use the capital for better investments elsewhere... it's called profit-taking followed by portfolio adjustment, Sometimes (it feels like always 😂) the price increases after I sell the stock. Sometimes it falls.

That how the stock-market behaves.

it fluctuates!

Pelosi reported each of the transactions... not exactly the behaviour of a criminal mastermind! 😂

I doubt Pelosi even knew personally that the transactions had taken place... he has people for that. Even I, at my tiny, insignificant, level, have authorised my stock broker to act on my behalf without bothering me with the whys and wherefores... my accountant deals with the consequential taxation, etc.

This is routine and everyday, especially with something that would be, to the Pelosi family, small change.

A million here, a million there, and before you know it, you're talking about real money! 😂 😂

Budwick · 70-79, M

@newjaninev2 [quote]I doubt Pelosi even knew personally that the transactions had taken place[/quote]

No, no - of course not.

graphite · 61-69, M

@Budwick Yes, innocent as a teddy bear. Meanwhile, she's made countless millions in the stock market, with world-class access to inside information that the general public doesn't have. https://nypost.com/2022/07/23/nancy-and-paul-pelosi-are-trading-large-with-a-wealth-of-hypocrisy/