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At least Zuck took my advice to sell after scandal broke
Posted: Thu Jul 26, 2018 4:27 pm
by RealJustme
(Bloomberg) -- Eight Facebook Inc. insiders sold several billion worth of stock since the Cambridge Analytica data-mining scandal first surfaced.
Chief Executive Officer Mark Zuckerberg accounted for about 90 percent of the total, according to data from InsiderInsights.com, which analyzes such transactions. Zuckerberg’s sold as much as much as 18 percent of his Facebook stock.
As Zuckerberg quietly sold billions in FB stock, he was assuring investors there was no reason for concern...which I called out as bullshit. Clown believed him and held on his $32.00 worth (which he later claimed was $36.00 worth).
Re: At least Zuck took my advice to sell after scandal broke
Posted: Thu Jul 26, 2018 5:09 pm
by namngulfvet
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
Re: At least Zuck took my advice to sell after scandal broke
Posted: Fri Jul 27, 2018 11:17 am
by sillydaddy
Was Zuck shorting his own company's stock?.. :o
Re: At least Zuck took my advice to sell after scandal broke
Posted: Fri Jul 27, 2018 12:30 pm
by RealJustme
Was Zuck shorting his own company's stock?.. :o
Yes, but his lawyers are claiming it was a planned sell off and that it had been put in motion prior to the scandal becoming public. Translation = He knew it was coming so started sell process early but you can't prove that.
Re: At least Zuck took my advice to sell after scandal broke
Posted: Sat Jul 28, 2018 10:20 am
by elklindo69
sillydaddy wrote:Was Zuck shorting his own company's stock?.. :o
How would you know that he was shorting is own company?
:roll: :lol:
Re: At least Zuck took my advice to sell after scandal broke
Posted: Sat Jul 28, 2018 4:02 pm
by johnforbes
I still respect the fact that Clown took $32 inventment and turned it into an impressive retirement fund of $180.
Re: At least Zuck took my advice to sell after scandal broke
Posted: Sat Jul 28, 2018 9:14 pm
by elklindo69
Maybe if you understood their business model you could have made money as well.
If you want to educate yourself you may want to read Modern Monopolies.
Re: At least Zuck took my advice to sell after scandal broke
Posted: Sun Jul 29, 2018 10:31 am
by johnforbes
As of today, I'm up 10 percent YTD on comm-tech.
But that is because I recognized my own limitations in evaluating communication-tech firms. The guy managing my com-tech is young, has an MBA from Chicago, and is presumably more rational than me on this.
I do have a "smart phone" and do sometimes use it, but am not like these cell phone zombies you see everywhere.
I have tried Facebook, but it lagged and locked and functioned poorly. Plus, to me, it seemed boring.