{"id":1823614,"date":"2023-01-25T12:05:15","date_gmt":"2023-01-25T17:05:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1823614"},"modified":"2023-01-25T12:14:46","modified_gmt":"2023-01-25T17:14:46","slug":"pelosi-dumped-google-stock-weeks-before-justice-department-unveiled-antitrust-lawsuit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-dumped-google-stock-weeks-before-justice-department-unveiled-antitrust-lawsuit\/","title":{"rendered":"Pelosi Dumped Google Stock Weeks Before Justice Department Unveiled Antitrust Lawsuit"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpelosi-dumped-google-stock-weeks-before-justice-department-unveiled-antitrust-lawsuit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1823614&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>Former House Speaker <a href=\"http:\/\/dailywire.com\/topic\/nancy-pelosi\" target=\"_blank\" rel=\"noopener\">Nancy Pelosi<\/a> (D-CA), sold a total of 30,000 shares <a href=\"http:\/\/dailywire.com\/topic\/stock-market\" target=\"_blank\" rel=\"noopener\">stock<\/a> In <a href=\"http:\/\/dailywire.com\/topic\/google\" target=\"_blank\" rel=\"noopener\">Google\u2019s<\/a> Alphabet, parent company, approximately one month before the <a href=\"https:\/\/www.dailywire.com\/topic\/department-of-justice\" target=\"_blank\" rel=\"noopener\">Justice Department<\/a> Opened an <a href=\"https:\/\/www.dailywire.com\/topic\/antitrust\" target=\"_blank\" rel=\"noopener\">antitrust<\/a> Initiating a lawsuit against the technology company<\/p>\n<p>Federal regulators <a href=\"https:\/\/www.dailywire.com\/news\/justice-department-sues-google-for-alleged-digital-advertising-monopoly\" target=\"_blank\" rel=\"noopener\">claimed<\/a> In Tuesday&#8217;s complaint, Google was accused of monopolizing the tools that website publishers use to sell ads and those companies use to buy advertisements. Pelosi, who has resigned as a leader but is still a member of Congress sold 10,000 shares Alphabet Class A stock December 20, 21, and 28, according to federal records. <a href=\"https:\/\/disclosures-clerk.house.gov\/public_disc\/ptr-pdfs\/2023\/20022260.pdf\" target=\"_blank\" rel=\"noopener\">disclosures<\/a>This marks a total transaction value of between $1.5million and $3 million. The lawmaker signed the disclosures digitally on January 12.<\/p>\n<p>Although shares for Google have increased roughly 8% over the past month, the company\u2019s stock price declined some 6% this week as news of the antitrust lawsuit became public.<\/p>\n<p>Officials claim that Google engaged in a \u201cpattern of acquisitions to obtain control over key digital advertising tools\u201d It has manipulated auctions to his advantage. \u201cdeprive rivals of scale.\u201d This could violate the Sherman Act which bans such moves \u201cmonopolization, attempted monopolization, or conspiracy or combination to monopolize\u201d deemed <a href=\"https:\/\/www.ftc.gov\/advice-guidance\/competition-guidance\/guide-antitrust-laws\/antitrust-laws\" target=\"_blank\" rel=\"noopener\">unreasonable<\/a> by the court system. Google stated that the Justice Department lawsuit was an attempt to \u201cpick winners and losers\u201d The \u201chighly competitive\u201d Advertising technology.<\/p>\n<p>Paul and Pelosi were repeatedly accused of using insider knowledge held by the veteran lawmaker to increase stock market earnings. According to the filing, Pelosi also sold shares in Netflix and other companies like PayPal, Salesforce, Tesla and Tesla.<\/p>\n<p>Paul Pelosi seemed to have cut losses at Nvidia software company before the United States placed new restrictions to computer chip sales to China. According to a set, he sold 25,000 shares Nvidia stock at $165.05 per share, which resulted in a loss $341,365. <a href=\"https:\/\/disclosures-clerk.house.gov\/public_disc\/ptr-pdfs\/2022\/20021438.pdf\" target=\"_blank\" rel=\"noopener\">disclosures<\/a>. One month later, Nvidia revealed that the government imposed export restrictions on the company\u2019s A100 and forthcoming H100 circuits. These new regulations will be effective immediately \u201caddress the risk that the covered products may be used in, or diverted to, a \u2018military end use\u2019 or \u2018military end user\u2019 in China and Russia,\u201d Nvidia claimed in a regulatory <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001045810\/000104581022000146\/nvda-20220826.htm\" target=\"_blank\" rel=\"noopener\">filing<\/a>.<\/p>\n<p>The couple also placed stock market wagers in the middle heated debates in Congress. Paul Pelosi will become the 2021 Speaker. <a href=\"https:\/\/www.dailywire.com\/news\/pelosis-husband-makes-big-tech-stock-moves-again-places-6-million-bet-as-congress-looks-to-rein-in-silicon-valley\" target=\"_blank\" rel=\"noopener\">bought<\/a> During the time lawmakers were drafting antitrust legislation, there was more than $6 million in option contracts related to technology stocks.<\/p>\n<p>According to a report, assets purchased by members of Congress and their immediate family totaled $267 million in 2021. <a href=\"https:\/\/www.dailywire.com\/news\/sat-members-of-congress-and-their-families-traded-over-630-million-in-stocks-this-year\" target=\"_blank\" rel=\"noopener\">report<\/a> from the New York Times\u2019 DealBook, while sales amounted to $364 million. Federal Reserve officials have also been interviewed. <a href=\"https:\/\/www.dailywire.com\/news\/after-ethics-review-fed-bars-top-officials-from-trading-individual-stocks\" target=\"_blank\" rel=\"noopener\">faced criticism<\/a> for purchasing individual stocks amid their work to chart the nation\u2019s monetary policy.<\/p>\n<p>Recently, Sen. Josh Hawley (R.MO) <a href=\"https:\/\/www.dailywire.com\/news\/sen-hawleys-insider-trading-bill-returns-to-congress-under-new-title-pelosi-act\" target=\"_blank\" rel=\"noopener\">introduced<\/a> The Preventing Elected leaders from Owning Securities and Investments Act is also known as PELOSI Act. It was introduced to address the issue of lawmakers using insider information to their financial advantage. The legislation would ban politicians holding individual stocks or diversified mutual funds. \u201cFor too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,\u201d Hawley stated in a <a href=\"https:\/\/twitter.com\/abigailmarone\/status\/1617934984568012800\" target=\"_blank\" rel=\"noopener\">news release<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former House Speaker Nancy Pelosi (D-CA) sold a combined 30,000 shares of stock in Google\u2019s parent company, Alphabet, roughly one month before the Justice Department opened an antitrust lawsuit into the technology firm. Federal regulators claimed in the Tuesday complaint that Google monopolizes the tools website publishers use to sell advertisements and that companies utilize &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1785931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[5509,4724,11563,6063,4901,4585,3928,4359,10975,11266],"class_list":["post-1823614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-antitrust","tag-department","tag-dumped","tag-google","tag-justice","tag-lawsuit","tag-pelosi","tag-stock","tag-unveiled","tag-weeks"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1823614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1823614"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1823614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1785931"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1823614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1823614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1823614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}