House Speaker Nancy Pelosi may is completely two-faced. She may condemn large companies like Amazon and Facebook when in public, but what she recently did with her husband regarding the two companies is raising a lot of eyebrows.
Nancy Pelosi and her husband Paul Pelosi, who is a venture capitalist purchased, $4.8 million of Amazon shares. But what's even crazier is that when he made the purchase he exercised his options he held in Amazon and bought each share for under $300 than what the stock was trading for that day.
That's not all though. Pelosi also purchased 5,000 shares of Facebook for $720,000 and he already held $500,000 to $1 million previously. 3,000 of those stocks were also purchased at a discounted rate below what the stock was trading at.
The Amazon options had a strike price of $1,600, nearly $300 below the price Amazon shares were trading for that day. He bought 3,000 shares — he had previously held only options at the end of 2018, according to a filing.
He bought 5,000 shares of Facebook, 3,000 of which had a strike price of $140 and the rest had a strike price of $150. Facebook traded around 37% above the lower strike price the day he exercised the calls. Prior to the purchase, Paul Pelosi already held between $500,000 and $1 million in Facebook stock, a filing shows.
On the same day Paul Pelosi made the purchases, Senator Pelosi criticized Facebook for "schmoozing" with the Trump administration. "I think that they have been very abusive of the great opportunity that technology has given them," she said in a press conference, adding, "My thought about them is that all they want is their tax cuts and no antitrust action against them."
"They intend to be accomplices for misleading the American people with money from god knows where," she said.
They literally just want full control and all the money they can get. This demonstrates the hypocrisy of Democrats.
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