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I recall Eric Schmidt saying they thought about this, but the lawyers told them it would be illegal so they didn't explore it further.
by mrich 15y ago
I recall Eric Schmidt saying they thought about this, but the lawyers told them it would be illegal so they didn't explore it further.
- 3pt14159 15y agoAt what point does it become illegal though. Surely if Goldman can trade then there must be some aggregation that they are allowed to trade at. "Debt consolidation" search trends for example. If it spikes in a certain country then they would be able to make decisions on that. Seems like so much untapped potential.
- kragen 15y agoI recall a friend of mine who left Google, fully vested, for the early days of Facebook, who said they thought about this but decided insider trading would be evil, so they didn't do it. I'd be really surprised if they had to talk to lawyers to figure that out.