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Not much of a scandal? With respect, I couldn't disagree more. Insider trading is STEALING from a company's shareholders and option/RSU holders. An insider trad
by OliverJones 7y ago
Not much of a scandal? With respect, I couldn't disagree more. Insider trading is STEALING from a company's shareholders and option/RSU holders. An insider trader's profit comes directly from the losses of other investors.
Stealing from public-market shareholders undermines the very premise of YC / HN -- that it's possible to build businesses strong enough to delight stock-market investors. If any kind of company (like Sili Valley networking companies) gets a reputation for stealing from investors, it will be harder for us all to get funded.
Stealing from option and RSU holders? That's stealing from the guy in the next cube.
It looks to me like the SEC people did their jobs in this case.
- Tenoke 7y ago> Insider trading is STEALING from a company's shareholders and option/RSU holders. An insider trader's profit comes directly from the losses of other investors. The debate around Insider Trading in general is much more nuanced than 'it is STEALING', and is legal in some places. What he is doing is making the market price reflect reality better, like most trading. Is it stealing if the profit they would've gotten was based on the market having less accurate data?