16 thoughts on “Unfair!

  1. 2gd2Btrue says:

    (Feb 8, 2021) “How the rich got richer: Reddit trading frenzy benefited Wall Street elite : Big hedge funds were alerted to GameStop buzz early because they actively monitor conversations on social media” https://www.pehalnews.in/how-the-rich-got-richer-reddit-trading-frenzy-benefited-wall-street-elite/529412/
    “Instead of heralding a brand new wave of investor populism, the rise and fall of GameStop’s inventory could find yourself reinforcing what skilled traders have recognized for a very long time: Wall Street is superb at making a living, and most of the time, smaller traders lose out to rich merchants and big establishments.”
    (WSJ 2/3/21): “This Hedge Fund Made $700 Million on GameStop https://www.wsj.com/articles/this-hedge-fund-made-700-million-on-gamestop-11612390687
    “The GameStop surge is often cast as a triumph of amateurs over professionals. Which it was, to a degree. But it also was a trade that pitted professionals against other professionals—and few have made more money than Senvest Management LLC, Messrs. Mashaal’s and Gonick’s firm.”

  2. Richie says:

    “Elon Musk’s run as the richest man on earth has ended. Tesla’s months-long stratospheric stock rally seems to be coming to an end. After tumbling 6 percent, the largest single-day drop in six months, on Monday, the electric carmaker’s shares slid another 10 percent Tuesday morning as the sell-off worsened, erasing $30 billion from its founder Musk’s net worth on paper overnight.” https://observer.com/2021/02/tesla-stock-bitoin-tumble-elon-musk-net-worth-fall-billion/

  3. Janky says:

    “Sen. Burr’s brother-in-law ordered to provide testimony in SEC insider trading investigation” (CNN) https://www.cnn.com/2021/11/10/politics/burr-sec/index.html
    (ProPublica Oct 28, 2021): “After Sen. Richard Burr of North Carolina dumped more than $1.6 million in stocks in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a new Securities and Exchange Commission filing.
    They talked for 50 seconds.
    Burr, according to the SEC, had material nonpublic information regarding the incoming economic impact of coronavirus.
    The very next minute, Burr’s brother-in-law, Gerald Fauth, called his broker.
    …On the day he received the call from Burr, Fauth sold between $97,000 and $280,000 worth of shares in six companies — including several that were hit particularly hard in the market swoon and economic downturn. According to the SEC, the first broker he called after hearing from Burr was out of the office, so he immediately called another broker to execute the trades.”

  4. Rank-and-file chump says:

    SEC Chair Gary Gensler wants stronger insider trading rules as executive stock sales hit records https://www.cnbc.com/2021/12/15/sec-wants-stronger-insider-trading-rules-as-elon-musk-jeff-bezos-sell-billions-in-stock.html
    CEOs and corporate leaders including Microsoft’s Satya Nadella, Amazon founder Jeff Bezos and Tesla’s Elon Musk sold a record $69 billion in stock in 2021.CEOs and corporate leaders including Microsoft’s Satya Nadella, Amazon founder Jeff Bezos and Tesla’s Elon Musk sold a record $69 billion in stock in 2021.

  5. Update says:

    Elon Musk’s Fortune Tumbles $20 Billion In A Week As Tesla Stock Falls https://www.forbes.com/sites/elizahaverstock/2021/12/18/elon-musks-fortune-tumbles-20-billion-in-a-week-as-tesla-stock-falls/?sh=1809ed9a5079
    Musk continued exercising options and selling stock this week. He sold nearly 1.9 million Tesla shares to cover taxes on about 4.3 million stock options he simultaneously exercised this week, continuing a streak of sales that began in early November. Musk said he would sell 10% of his Tesla stake.
    Meanwhile: Tesla is being hit with a new lawsuit from institutional investors that questions whether the frontman’s Tweets are being reviewed. Several Tweets brought on the lawsuit, including one, sent on November 6th that polled Musk’s over 66 million followers whether he should sell 10% of his Tesla stock holdings. Additionally, Musk’s recent feud with Massachusetts Democrat Elizabeth Warren has also contributed to the lawsuit.
    Time magazine’s “Person of the Year” is not formally listed as a defendant in the complaint. https://www.teslarati.com/tesla-elon-musk-lawsuit-stock-sale-elizabeth-warren-tweets-twitter/

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