{"id":584976,"date":"2021-07-07T11:05:47","date_gmt":"2021-07-07T15:05:47","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=584976"},"modified":"2021-07-07T11:05:51","modified_gmt":"2021-07-07T15:05:51","slug":"pelosis-husband-makes-big-tech-stock-moves-again-places-6-million-bet-as-congress-looks-to-rein-in-silicon-valley","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosis-husband-makes-big-tech-stock-moves-again-places-6-million-bet-as-congress-looks-to-rein-in-silicon-valley\/","title":{"rendered":"Pelosi\u2019s Husband Makes Big Tech Stock Moves Again, Places $6 Million Bet As Congress Looks To Rein In Silicon Valley"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">40<\/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%2Fpelosis-husband-makes-big-tech-stock-moves-again-places-6-million-bet-as-congress-looks-to-rein-in-silicon-valley%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=584976&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--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/GettyImages-450433820-e1625667171415.jpg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><span>House Speaker Nancy Pelosi\u2019s (D-CA) husband bet up to $6 million on Google\u2019s parent company Alphabet, Amazon, Apple, and NVIDIA, just before a House committee moved forward with multiple bills looking to limit the power of Big Tech corporations.<\/span><\/p>\n<p><span>On June 18, Paul Pelosi exercised his Alphabet call options, which give him the right to buy 4,000 shares at a price of $1,200 per share, amounting to a total of $4.8 million, according to disclosed transactions. On May 21, he spent up to $250,000 on 50 Apple calls with a strike price of $100, and spent up to $1 million on 20 Amazon calls with a strike price of $3,000, both of which expire on June 17, 2022.<\/span><\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/paul-pelosi-big-tech-stocks-antitrust-bills-house-judiciary\"><span>Fox Business<\/span><\/a><span> reported that Paul Pelosi \u201cdid not immediately respond\u201d for comment, while a spokesperson for Nancy Pelosi\u2019s office said, \u201cThe speaker has no involvement or prior knowledge of these transactions,\u201d adding that \u201cThe speaker does not own any stock.\u201d<\/span><\/p>\n<p><span>Former Democratic House Representative Jill Long Thompson argued that Nancy Pelosi\u2019s husband likely didn\u2019t violate the STOCK Act, claiming that information regarding the legislation is publicly available and \u2014 despite his marriage to the House Speaker \u2014 he probably wouldn\u2019t \u201chave any information that someone else wouldn\u2019t.\u201d<\/span><\/p>\n<p><span>\u201cMembers of Congress make it clear what their positions are on these issues and the fact that they\u2019re working on a piece of legislation that would be public information,\u201d Thompson said.<\/span><\/p>\n<p><span>The Stop Trading on Congressional Knowledge (STOCK) Act is designed to prevent insider trading, and was signed into law by President Barack Obama in 2012. It prohibits the use of non-public information for private profit, including the use of insider information for profit by members of Congress.<\/span><\/p>\n<p><span>As Fox Business pointed out, this is not the first time Paul Pelosi has made investment decisions in \u201cclose proximity to happenings in Congress.\u201d<\/span><\/p>\n<p><span>\u201cPaul Pelosi in March exercised $1.95 million worth of Microsoft call options less than two weeks before the tech stalwart secured a $22 billion contract to supply U.S. Army combat troops with augmented reality headsets,\u201d Fox explained. \u201cIn January, he purchased up to $1 million of Tesla calls before the Biden administration delivered its plans to provide incentives to promote the shift away from traditional automobiles and toward electric vehicles.\u201d<\/span><\/p>\n<p><span>The <\/span><a href=\"https:\/\/www.dailywire.com\/news\/antitrust-efforts-to-break-up-big-tech-pass-first-hurdle-house-committee-approves-move\"><span>effort<\/span><\/a><span> by a <\/span><span>number of House Members to introduce legislation to break up Big Tech giants Apple, Amazon, Google, and Facebook passed an initial hurdle in June, with a House committee approving the legislative move.<\/span><\/p>\n<p><span>\u201cThe president is encouraged by the bipartisan work to address problems created by big tech platforms,\u201d a White House official said. \u201cWe hope the legislative process continues to move forward on these bipartisan proposals, and we look forward to working with Congress to continue developing these ideas.\u201d<\/span><\/p>\n<p>Adam Kovacevich \u2014 the CEO of the Chamber of Progress, a group sponsored by multiple Big Tech companies including Amazon, Facebook, and Google \u2014 argued that \u201cDemocrats should focus on making people\u2019s lives better, not messing with stuff people already like\u201d in a&nbsp;<a href=\"https:\/\/medium.com\/chamber-of-progress\/new-house-bills-would-ban-these-15-tech-conveniences-that-consumers-love-f55289701ae8\">blog post<\/a>&nbsp;in early June.<\/p>\n<p>\u201cGiving antitrust enforcers more funding and encouraging data portability are relatively uncontroversial ideas, but banning conveniences like Amazon Basics brand batteries, Apple\u2019s Find my Phone tool, or Google Maps appearing in Google search results are ideas that would spark a consumer backlash,\u201d wrote Kovacevich. \u201cInstead of focusing on helping families, these proposals inexplicably target a bunch of technological conveniences that most people really like. Let\u2019s hope Democrats stay focused on the right things.\u201d<\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a&nbsp;<\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Speaker Nancy Pelosi\u2019s (D-CA) husband bet up to $6 million on Google\u2019s parent company Alphabet, Amazon, Apple, and NVIDIA, just before a House committee moved forward with multiple bills &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2314150,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/GettyImages-450433820-e1625667171415.jpg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"Pelosi\u2019s Husband Makes Big Tech Stock Moves Again, Places $6 Million Bet As Congress Looks To Rein In Silicon Valley","footnotes":""},"categories":[],"tags":[],"class_list":["post-584976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/GettyImages-450433820-e1625667171415.jpg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"Pelosi\u2019s Husband Makes Big Tech Stock Moves Again, Places $6 Million Bet As Congress Looks To Rein In Silicon Valley","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/584976","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=584976"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/584976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2314150"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=584976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=584976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=584976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}