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I'm curious, why this isn't insider trading? Edit: I misread the post, they did buy it after the announcement which means it's public knowledge
by wavesounds 13y ago
I'm curious, why this isn't insider trading?
Edit: I misread the post, they did buy it after the announcement which means it's public knowledge
- Mikeb85 13y agoBecause of this: "The purchase was made on the same day after Google announced that it had agreed to sell the Motorola brand to Lenovo for $2.91 billion" The purchase was made after the announcement. Furthermore, it was part of the Motorola transaction itself, and Google didn't exactly gain anything in the short term (Lenovo shares tanked in the days following the transaction).
- baldfat 13y agoBECAUSE it wasn't a "purchase" this was a very poorly researched article.