Spotify announces CFO to leave, days after he cashed in $9.3M in shares (www.theguardian.com)

submitted 11 months ago by haxor@derp.foo to c/hackernews@derp.foo

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[-] Anticorp@lemmy.world 9 points 11 months ago* (last edited 11 months ago)

Isn't this blatant insider trading? He sold shares knowing his departure could lower stock prices. I don't see how it isn't, since they didn't announce his departure until after he sold.

[-] BleatingZombie@lemmy.world 4 points 11 months ago

I would think so. The only reason I wouldn't see it that way is if he's being fired specifically for the massive sell

this post was submitted on 10 Dec 2023

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