US tech execs have dumped $3.6 billion in company stock this month

May 25, 2020

By David Canellis

Stock markets are floundering in the wake of the coronavirus (COVID-19) pandemic, and while many are stuck assessing its long-term effects — loads of tech executives have dumped their shares for major profit. In fact, insiders at US tech companies — from fintech to cloud services — collectively unloaded at least $3.6 billion worth of company shares in May, with top executives from big players like Facebook, General Electric, Cloudflare, and Activision all selling small fortunes worth of stock. [Read: Bezos and Zuckerberg worth $60B more in two months, thanks to COVID-19] To digest the loin-thumping wealth recently generated by stock sales, Hard Fork built the visualisation…

This story continues at The Next Web

Source:: The Next Web


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