Connect with us

Breaking News

Paul Pelosi Buys Big Tech Stocks Ahead of House Reform Bills

Published

on

Nancy Pelosi, Paul Pelosi at the Musicares Person of the Year honoring Tom Petty at Los Angeles Convention Center | Paul Pelosi Buys Big Tech Stocks Ahead of House Reform Bills | featured

Paul Pelosi, House Speaker Nancy Pelosi’s (D-CA) husband, placed a bet of up to $6 million on tech stocks. The investments in Apple, Amazon, and Google-parent company Alphabet are ahead of House plans to implement reform bills aimed at Big Tech. 

RELATED: Hypocrite Pelosi Ditches Mask While Enforcing COVID-19 Mandates on House Floor

Paul Pelosi Call Options

Last May 21, Paul Pelosi bought $250,000 on 50 Apple calls with a strike price of $100 that expired last June 17, 2022. Pelosi also bought 20 Amazon calls that totaled $1 million. The calls have a strike price of $3,000 and that also expire on June 17, 2022.

Later in June, Paul Pelosi exercised his Alphabet (Google) call options giving him the right to buy 4,000 shares at a price of $1,200 apiece, or $4.8 million. He originally purchased the call options earlier on February 27, 2020. Speaker Nancy Pelosi disclosed the filings last Friday, July 2. 

‘Speaker Has No Involvement’

Meanwhile, a spokesperson for the House Speaker clarified that Nancy Pelosi has nothing to do with her husband’s investments.  “The speaker has no involvement or prior knowledge of these transactions. The speaker does not own any stock,” the spokesperson said. 

Paul Pelosi runs a real estate and venture capital investment and consulting firm. Even so, former Indiana Representative Jill Thompson said that the husband did not violate the STOCK Act unless he acted on nonpublic information.

Thompson also said that this seems unlikely. Despite his marriage to the House Speaker, it remains unlikely that Paul would “have any information that someone else wouldn’t. Members of Congress make it clear what their positions are on these issues and the fact that they’re working on a piece of legislation that would be public information.”

Big Tech Reform Bills

Last June 11, the House Judiciary Committee advanced a series of bills with bipartisan support aimed to limit the powers of tech giants, including Apple, Amazon, Google, and others. The bills barely passed through the committee, and are now awaiting a floor vote by the entire House. 

trump-hat-mobile-ad
trump-bobblehead-desktop

Speaker Pelosi expressed her support for the legislation. In a June 24 press conference, she spoke about the need for the bills. “There has been concern on both sides of the aisle about the consolidation of power of the tech companies.

This legislation is an attempt to address that in the interest of fairness, in the interest of competition, in the interest of meeting the needs of people who are – whose privacy, whose data and all the rest is at the mercy of these tech companies,” she said. 

Timely Investments

According to Fox News, this is not the first time that Paul Pelosi made investments that coincided with the Congress activity. In March, he exercised $1.95 million worth of Microsoft call options.

This was less than two weeks before the tech firm won a $22 billion contract to supply US Army combat troops with augmented reality headsets. Earlier in January, he purchased up to $1 million of Tesla calls.

This was before the Biden administration announced its plans to push toward greener energy and electric vehicles.

Watch the On Borrowed Time video detailing Nancy and Paul Pelosi’s timely bets on technology stocks:

What do you think about Paul Pelosi’s recent investments in Big Tech?

View Results

Loading ... Loading ...

Do you think Paul Pelosi knew something we don’t when he made timely investments in Big Tech? Or do you agree that he made his moves based on public information available at the time?

Tell us what you think about Speaker Nancy Pelosi’s husband and his investment career. Share your comments below.

Continue Reading
13 Comments

13 Comments

  • Elaine says:

    Can you say INSIDER TRADING?? THEY should get a jail cell!!!

  • Anonymous says:

    They are all criminals

  • Rob says:

    They are all huge liars and criminals who should be in jail not Congress

  • ANONYMOUS says:

    Nancy Pelosi and her husband, also the Pelosi family are all CROOKS!!!

  • Mark Hiatt says:

    jail is too good for these criminals, in the 1800s people were hung for stealing a horse, maybe we should try that!

  • Huapakechi says:

    This only exemplifies the corruptocracy that infests the political arena. Members of both parties routinely engage in insider trading and they’ve even passed a law that exempts them from prosecution for the practice.

  • sherril henderson says:

    Why does anyone wonder why these people want to get into congress. Cortez can’t walk and chew gum at the same time and I would bet she is already a millionaire.

  • Mark says:

    “Crooks” the lot of them! Pelosi is the worst!!!!

  • David says:

    Disgusting. Dempcrats are worse than the mafia. Even they are occasionally arrested and have consequences.

  • Johnny says:

    crooks are what they , if you break the law these days they will make a monument in you behalf 7 make you tare down all the monuments that are our history all you to be is in gov or black .

  • nicholas timcisko says:

    Come-on, man! Who could ever think that the great psychic Paul Pelosi had insider information from his wife, Nancy. I heard that she talks in her sleep and Paul keeps a recorder running all night. He never knows when she dreams and talks about the news of the Congressional day. She often dreams about and talks in her sleep about classified and secret stuff. You doubt this because she is a good Catholic and prays. Even for Trump (that he is jailed and ruined).

  • BINH THAI says:

    PELOSI IS THE CROOK. PUT THEM IN JAIL!

  • The professor says:

    It’s going to get worse she needs to be taken out and put in a jail cell ….Why is this happening what are we as Americans going to do to keep this up this is ludicrous this is insanity

Leave a Reply

Your email address will not be published.

Copyright © 2020 Breaking News Alerts. This copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

[email]
[email]