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-Short Attention Span Theater-
Nancy Pelosi's husband Paul made nearly $6 million on Alphabet stock and placed bets to make more cash on Amazon and Apple as House moves to break companies up
2021-07-09
[Daily Mail, where America gets its news]
  • House Speaker Nancy Pelosi's husband Paul made moves on the stock market that suggest the House's trust-busting attempt won't hurt tech giants

  • Bloomberg News reported that Paul Pelosi exercised call options to acquire 4,000 shares of Alphabet stock, at a strike price of $1,200

  • That made him a $4.8 million gain, which has grown to $5.3 million since

  • On May 21, Paul Pelosi also bought 20 call options for Amazon, with a strike price of $3,000 as well as 50 call options of Apple stock, with a strike price of $100

  • The House speaker noted the moves on disclosures filed July 2, Bloomberg said

  • Paul Pelosi's transactions are not suspected of violating STOCK Act

  • Paul Pelosi's bets on so-called 'Big Tech,' came as the House was moving ahead on legislation to break the companies up

  • The House Judiciary Committee approved six antitrust bills, but it's unclear when they'll get a vote on the floor of the House

  • Speaker Pelosi said last month that she supported the bills, which may have an even harder time getting past a deadlocked Senate
Related:
Paul Pelosi: 2021-07-07 Paul Pelosi bets up to $6M on Big Tech before powerful House committee passes sweeping antitrust measures
Paul Pelosi: 2021-04-15 $22 billion US Army headset contract going to Microsoft....now for the rest of the story
Paul Pelosi: 2020-04-03 Nancy Pelosi's Husband Bought Up Slack, Microsoft, and Alphabet Securities in February
Posted by:Skidmark

#7  Sorry guys and gals, there was nothing improper about this gain. He bought Google options one year ago, just like anyone else could have. If you buy “at the money” call options, like he did, on a stock, and it doubles, like Google did, you make huge money.

He had NO idea Google would double when he bought the options. No one did.

As they say Timing is everything.
Posted by: Croque Fliting8030   2021-07-09 17:47  

#6  We are the new Rome with all the perversion, graft, lies, deceit and selective abuse of the public treasury... it feels like the Barbarians are approaching the gates and half the citizens think that's just fine to leave them open....
Posted by: NoMoreBS   2021-07-09 16:53  

#5  Laws don't matter any more. Only prosecution and persecution matters, bigly.
Posted by: Bubba Lover of the Faeries8843   2021-07-09 13:10  

#4  Who's gonna prosecute? The SEC? The FBI?
Posted by: Abu Uluque   2021-07-09 11:36  

#3  Glen, laws are for us little people, not the exalted, like Pelosi.
Posted by: Rambler in Virginia    2021-07-09 11:33  

#2  Congressional insider trading has been illegal since 2012 per Obama's 'Stop Trading on Congressional Knowledge (STOCK) Act.' Somehow the law does not seem to matter.
Posted by: Glenmore   2021-07-09 10:23  

#1  Perfectly legal since Congress exempted themselves from insider trading laws.
Posted by: Mercutio   2021-07-09 07:57  

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