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Rumor Mill News Reading Room, Current Archive

SEC may want to investigate: Facebook insiders dumped $4.1 Billion in stock since scandal.

Posted By: MrFusion
Date: Wednesday, 13-Jan-2021 05:52:35
www.rumormill.news/103827

The following copied from this 8chan post:
https://8ch.net/qresearch/res/2295717.html#2296432

~~~~~~~~~~~~~~~~~~~~
"You will soon know why" - Q [said yesterday, of FB stock drop]:

"SEC May Want To Take A Look": Facebook Insiders Dumped $4.1 Billion In Stock Since Scandal

https://www.zerohedge.com/news/2018-07-26/sec-may-want-take-look-facebook-insiders-dumped-41-billion-stock-scandal

"For all the mockery he is subjected to on a regular basis, both here and elsewhere, Dennis Gartman issued a very prescient and timely warning ahead of Facebook's earnings. As we noted yesterday in our note why Gartman thinks that this is a "This Is A Dangerous Time", the (formerly) regular CNBC guest pointed out the following troubling fact:… note the chart this page, courtesy of RBMP Capital, of the huge and increasing sales of Facebook by its founder, Mr. Mark Zuckerberg, over the course of the past several years and most notably over the course of the past several months. When owners sell this aggressively… no matter what the excuse they might give…only the foolhardy do not pay heed.

Today, Gartman understandably takes a victory lap, and writes the following:

Facebook closed at 4:00 p.m. at a new all-time closing higher of $217/share, but when the news came out if fell swiftly to $173/share… a loss of just over 20%! This is fascinating in light of the massive “insider selling” of Facebook shares by non-other than Mr. Zuckerberg himself in recent weeks and noted here yesterday.
Bloomberg has also picked up on this insider selling deluge, and writes that "nine Facebook insiders combined to sell about $4.13 billion worth of stock since the Cambridge Analytica data-mining scandal first surfaced on March 17."
Chief Executive Officer Mark Zuckerberg accounted for 85 percent of the total, according to data from InsiderInsights.com, which analyzes such transactions. The social media giant’s stock fell as much as 24 percent in late trading Wednesday after second-quarter sales and user growth disappointed investors."

~~~~~~~~~~~~~~~~~~~~~~

The following copied from this 8chan post:


https://8ch.net/qresearch/res/2295717.html#2296444

~~~~~~~~~~~~~~~~~~~~~~
Follow up:

New York AG Candidate: Time To Break Up Facebook And Google

https://www.zerohedge.com/news/2018-07-26/new-york-ag-candidate-time-break-facebook-and-google

"New York attorney general candidate Zephyr Teachout says it's time to "explore breaking up" Facebook and Google under state and federal antitrust laws if she is elected. Teachout, a Democrat, told a crowd outside the Manhattan office of the New York Daily News - the day after the paper fired half of its staff, that tech companies are to blame for dominating the advertising space, "drawing revenue from newspapers and publishers," reports the Washington Post. "
~~~~~~~~~~~~~~~~~~~~~~



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AN EXPLANATION OF THE FACTIONS