Comment on Unity Software Inc's President and CEO John Riccitiello Sells 2,000 Shares

• uzay@infosec.pub ⁨1⁩ ⁨year⁩ ago

  We should make it illegal too!

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  • ColonelSanders@lemmy.world ⁨1⁩ ⁨year⁩ ago

    We need to make sure we come up with a way to enforce it as well!

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    • Virkkunen@kbin.social ⁨1⁩ ⁨year⁩ ago

      Okay, you lost me there now buddy!

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  • MxM111@kbin.social ⁨1⁩ ⁨year⁩ ago

    It actually is. The insider sells have to be announced well in advance.

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    • ColonelSanders@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Psst! That was the joke!

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    • The_v@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Makes it easier for executives to plan when to make announcements like this.

      So he scheduled selling 2,000 shares 3 months ago. Then made the announcement a few days after the sales clear. Easily planned for on this type of announcement.

      They also do the same thing for positive news that will increase the stock prices. Announce it a few days before their scheduled sale.

      Creating a routine selling/buying schedule that coincides with expected announcement periods is pretty easy.

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• Nioxic@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

  Cocksucking!

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• Dasnap@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Something catchy, like the ‘buy and bail’.

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  • datelmd5sum@lemmy.world ⁨1⁩ ⁨year⁩ ago

    cum and run

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