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.
Trending Political News:
Hollywood Star Booed, Physically Removed from Stage After Bashing Trump in Speech
Oh, the many bleeding hearts of the Hollywood "elite". These liberals may be passionate, but they are passionately wrong.
They may hold a majority in Hollywood, but that's not how the rest of the country is. Hollywood hates Trump and think that he's going to bring the end of the world. Continue reading...
Middle School Teacher Forces Students To Apologize For Being White and Christian
The left is so worried about this myth portrayed by themselves that they made up known as white privilege. They seriously believe that just because someone is white that they inherently have an upper hand when it comes to life compared to a person of color.
And if you want to take white privilege a step further, then look no further than a white male. Continue reading…
President Ye? West Says He's Running in 2024
Kanye West for president? Yeezy said that he is running for the highest office of the land in 2024!
On Thursday, Ye appeared at the Fast Company Innovation Festival in New York City. It was there that he re-sparked the speculation that he was eyeing a presidential run. Continue reading…
Man Sentenced to 15 Years Prison for Burning LGBTQ Flag
A man in Iowa was sentenced to more than fifteen years in prison on Wednesday for setting fire to a church LGBTQ flag.
That’s right, he was sentenced to more than three times the amount of prison time than some people get for rape or manslaughter. He simply burned a flag. Continue reading...