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Joined 1 year ago
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Cake day: June 16th, 2023

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  • Damn. This makes so much sense but is also so disheartening.

    They had essentially a perfect product and a total monopoly over their market. Apparently, even that isn’t enough for some executives.

    What’s even the point of trying to double or triple dip at that point? Maybe they made more money in the decade they got away with it, but the product is considerably worse than it used to be and now their dirty laundry is out in the open.

    Shit’s depressing.




  • The point is this is one sale of many.

    Yes, hypothetically the CEO could influence the date an announcement is made for their own personal gain, but it’s not worth it and there will be many more sell events in the future.

    Long run, trying to scheme an announcement to gain more at 1/100 sales isn’t worth it.

    CEO John Riccitiello shifted 2000 shares last week on 6th September, … part of a trend over the past year where the exec has sold more than 50,000 shares in total and bought none.

    This is a drop in his equity bucket and any gains this article implies are due to “insider trading” will disappear in subsequent events.