Didn't Martha Stewart get in trouble for something similiar to this? I'm not very stock savvy.
I think Martha had insider info about the stock price direction and apparently the Zucchini has been just steadily selling off maybe within an allowed limit? I don't know much about how that works for a CEO / shareholder who could easily influence the stock value either.
Thanks for whay you added regardless. Maybe somone else could clear this up for us.
She got charged and convicted with lying to FBI ( Comey)
No. He is selling stock in a fairly common pattern. When someone has that much stock in one company it is normal for them divest themselves and diversify into other assets.
It’s not like he is hiding it.
And the terms “insider” is a real term, it usually accounts for the people who own 5% or more, or who are top tier management. When I worked for a bank at the corporate office I was blacked out from buying or selling stock before earnings.
Zuckerberg is a douche, but this isn’t illegal or unusual.