10 Followers
39 Following
68 Posts
Lock City Farm

NEW: Execs Make Millions via Timely Trades of Competitors’ Stock

Never-before-seen IRS records show that CEOs are sometimes making multimillion-dollar bets on the stocks of direct competitors and partners — and doing so with exquisite timing.

https://www.propublica.org/article/secret-irs-files-trading-competitors-stock @emsimani and Robert Faturechi @ProPublica

Wealthy Executives Make Millions Trading Competitors’ Stock With Remarkable Timing

Never-before-seen IRS records show that CEOs are sometimes making multimillion-dollar bets on the stocks of direct competitors and partners — and doing so with exquisite timing.

ProPublica
Remember when NYT got rid of the Public Editor, a position that existed to respond to feedback about the paper's coverage and whatnot? And replaced it with, "Hey, readers can just use social media!" And then whenever they'd get criticized on social media all the reporters would circle around to accuse critics of trying to silence them? And then they told their reporters to pay less attention to social media, making it effectively impossible to question the decisions of the people at the paper?