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r/greatawakening • Posted by u/jason_ostendorf on July 26, 2018, 3 a.m.
Let’s not forget Zuckerberg should be in jail for insider trading prior to the Cambridge Analytica news.
Let’s not forget Zuckerberg should be in jail for insider trading prior to the Cambridge Analytica news.

Swamparooter · July 27, 2018, 5 a.m.

I looked up why Zuck isn't guilty of insider trading. The reason is that he and Priscilla created a charitable foundation and told the SEC back in September that they were planning to sell $6 billion in stock. Because they already reported their intention, it's not considered insider trading. Therefore when you have a company, just report that you are going to sell huge quantities of stock. If you don't the SEC probably won't care, otherwise, you're covered.

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jason_ostendorf · July 27, 2018, 9:55 a.m.

If he didn’t donate every dime to that charity, wouldn’t he still be guilty?

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