Nancy Pelosi's husband Paul made nearly $6 million on Alphabet stock and placed bets to make more cash on Amazon and Apple as House moves to break companies up
[Daily Mail, where America gets its news] - House Speaker Nancy Pelosi's husband Paul made moves on the stock market that suggest the House's trust-busting attempt won't hurt tech giants
- Bloomberg News reported that Paul Pelosi exercised call options to acquire 4,000 shares of Alphabet stock, at a strike price of $1,200
- That made him a $4.8 million gain, which has grown to $5.3 million since
- On May 21, Paul Pelosi also bought 20 call options for Amazon, with a strike price of $3,000 as well as 50 call options of Apple stock, with a strike price of $100
- The House speaker noted the moves on disclosures filed July 2, Bloomberg said
- Paul Pelosi's transactions are not suspected of violating STOCK Act
- Paul Pelosi's bets on so-called 'Big Tech,' came as the House was moving ahead on legislation to break the companies up
- The House Judiciary Committee approved six antitrust bills, but it's unclear when they'll get a vote on the floor of the House
- Speaker Pelosi said last month that she supported the bills, which may have an even harder time getting past a deadlocked Senate
Posted by: Skidmark 2021-07-09 |