this post was submitted on 15 Sep 2023
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Update: Unity office death threat was made by a Unity employee (www.polygon.com)
submitted 1 year ago by [email protected] to c/[email protected]
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cross-posted from: https://lemmy.ca/post/5340114

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Original Discussion^[https://lemmy.world/post/5057297]

San Francisco police told Polygon that officers responded to Unity’s San Francisco office “regarding a threats incident.” A “reporting party” told police that “an employee made a threat towards his employer using social media.” The employee that made the threat works in an office outside of California, according to the police statement.

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[–] [email protected] 8 points 1 year ago (1 children)

Absolutely, that's why they all sold their stocks before they announced this

[–] [email protected] 6 points 1 year ago (1 children)

I know that execs have time windows they have to be in to buy and sell their stocks, and it has to be planned months in advance, but a massive TOS change like this doesn't happen overnight or without buy in all the way to the top. They absolutely planned this, and I hope the SEC nails their asses to the wall over it.

[–] [email protected] 5 points 1 year ago

yeah I'll admit i don't know much about how all this stufd works, but thanks to others i also found out about these rules. But imo those time windows are absolutely useless in preventing insider trading if they plan to do both things in the same time window anyways