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

@graphite So there's undeniable legal evidence of an individual carrying out insider trading at a massive level and the authorities are ignoring it?

The same sort of nudge-nudge-wink-wink innuendo in the link you supplied could be said about Warren Buffett, me, Bill Gates, you, the chap sitting next to you on the train, or any other stock-market investor.

At the time Pelosi sold, Google was at $86. They're currently at $97

If anything Pelosi sold unwisely and locked himself out of the 13% gain that has happened in the month since he sold.

Rather unusual behaviour for a criminal mastermind!

Not mentioned in that hack piece by that tabloid (whatever it is)

If I did that (and I often have) I'd be annoyed with myself.

I mean, a 4% drop? Seriously?

That's how the stock-market behaves.

[b]It fluctuates![/b]

graphite · 61-69, M

@newjaninev2 Meanwhile... https://nypost.com/2022/01/07/nancy-pelosi-makes-30-million-from-tech-stocks-scoffs-at-push-to-ban-congressional-trades/

Excerpt: Nancy Pelosi is scrambling to quash bipartisan efforts to ban stock trading by Congressional lawmakers — even as she and her husband have raked in as much as $30 million from bets on the Big Tech firms Pelosi is responsible for regulating.

Late last month, the House Speaker disclosed that the Pelosis scooped up millions in bullish call options for stocks including Google, Salesforce, Micron Technology and Roblox. At the same, some insiders say she has slow-walked efforts to rein in Big Tech.

newjaninev2 · 56-60, F

@graphite Do you have anything that isn't emotive, riddled with innuendo, and thinks that the stock-market is some sort of casino [i]i.e.[/i] something factual?

Why do you keep linking to this tabloid site?

[quote]While there’s no smoking gun showing that the Pelosis have traded using insider info, their portfolio has often outperformed the S&P 500[/quote]

So has mine!

Especially in 2020... after covid lockdown (not mentioned by the tabloid) my prime stock fell 17%, I bought as much as I could afford at $31, and subsequently sold for $88.

Whoever writes such tabloid pap is relying on lack of understanding, and the information that is [i]omitted[/i], to jerk your strings