Paul Pelosi, the husband of former House Speaker Nancy Pelosi, sold 30,000 shares of Google stock in December – a month before the Justice Department and eight states sued the tech giant over…
Former House Speaker Nancy Pelosi’s husband sold 30,000 shares of Google stock in December – a month before the Justice Department and eight states sued the tech giant over alleged antitrust violations, according to a report.
Multi-millionaire Paul Pelosi, 82, who runs a San Francisco-based investment and venture capital firm, sold the shares in Alphabet, Google’s holding company, in three different transactions between Dec. 20 and Dec. 28, 2022,The amounts ranged between $500,001 and $1 million, the Jan. 12 Periodic Transaction Report filing by Nancy Pelosi said.
The transactions yielded capital gains of more than $200 but the total amount is unclear, Fox reported. The Justice Department and eight states announced on Tuesday that they were suing Google for monopolizing the digital advertising market. Paul Pelosi reportedly sold 30,000 shares of Google a month before the Justice Department sued the tech company for alleged antitrust violations.“We allege that Google has used anti-competitive, exclusionary and unlawful conduct to eliminate or severely diminish any threat to its dominance over digital advertising technologies,”
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