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RSS Bot@lemmy.bestiver.seBM to Hacker News@lemmy.bestiver.seEnglish · 20 hours ago

Nvidia director sold nearly $1B in stock weeks before the Jensen Huang scandal

finance.yahoo.com

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Nvidia director sold nearly $1B in stock weeks before the Jensen Huang scandal

finance.yahoo.com

RSS Bot@lemmy.bestiver.seBM to Hacker News@lemmy.bestiver.seEnglish · 20 hours ago
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Nvidia director sold nearly $1B in stock weeks before the Jensen Huang scandal broke — and no trading plan was flagged
finance.yahoo.com
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Huang stepped down as CEO after reports of a second extramarital relationship with Nvidia executive Kimberly Powell emerged.

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  • shalafi@lemmy.world
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    4 hours ago

    @aetheplace pretty much shoots down the insider trading thing here:

    https://old.lemmy.world/comment/26861415

    “Weeks” before is a stretch, but “over two months ago” doesn’t have the same ring to it.

    https://www.sec.gov/edgar/browse/?CIK=0001199039

  • ∟⊔⊤∦∣≶@lemmy.nz
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    19 hours ago

    Insider trading. This is how you do capitalism.

    • shalafi@lemmy.world
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      4 hours ago

      The guy regularly sells his stock and this move was two months before the scandal broke.

  • xxce2AAb@feddit.dk
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    20 hours ago

    Well, that’s not going to be helpful for nvidia during all those investor lawsuits.

    • klankin@piefed.ca
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      5 hours ago

      I mean those judges cruises aren’t cheap, so will help in a roundabout way

  • CompactFlax@discuss.tchncs.de
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    19 hours ago

    Can jensen’s wife argue his actions devalued the assets and claim more than 50%?

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