According to Bloomberg, names like Mark Zuckerberg, Safra Catz, and Jamie Dimon all dumped massive blocks of stock while prices were still high. By the time Trump rolled out new tariffs on April 2, tech stocks had already started bleeding. Every one of those early sellers dodged a bullet, and the timing is loud as hell.
Executives sold billions as Trump’s tariffs loomed
The first quarter wasn’t quiet. Trump’s team hinted at sweeping tariffs leading up to April 2, a day he branded as “Liberation Day.” That threat shook investors. By the time the announcement dropped, billions had already been erased from global markets. The tech world felt it the hardest. Elon Musk reportedly lost $129 billion this year as stocks tied to phones, chips, and software kept slipping. A few billionaires are already buying the dip, but plenty have already made their exit.
Doesnt sound too bad. All those guys have so much stock still invested that those sells must be like a few percent of their totals.
We need to see how much they still own and the story would look very different.
Don’t give insider trading a pass on the basis of the people doing it already being very rich. They’re specifically only in a position to do the insider trading because of how rich they are
Of course. I think they do insider trading pretty much daily. The are having phone calls and meetings with eachother all the time, so of course its a big club.
Okay, but you said “doesn’t sound too bad”
Insider trading sounds pretty bad, regardless of the fact that it is normal.
I guess. I just accept it as normal, thats how those guys stay rich and in power.
Cynicism. I think it’s important for people to know that these people all belong in prison.