this post was submitted on 18 Sep 2023
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Unity Backpedals on Its Horrible Plan for Game Install Fees Amid Developer Backlash (gizmodo.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Unity Backpedals on Its Horrible Plan for Game Install Fees Amid Developer Backlash::Unity CEO John Riccitiello reportedly sold thousands of shares of stock in the weeks ahead of the fee announcement.

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[–] Ottomateeverything@lemmy.world 29 points 2 years ago

I don't see how this is a defense. If it's scheduled, he knows it's happening. He could have just delayed the announcement until the day after his shares were scheduled to sell, and the intention is the same. Having a schedule doesn't exempt you from insider trading, it's a procedure that needs to be followed.

On the other hand, the better defense here is that he's a multi millionaire or billionaire, and he sold like $80k worth of shares. If he was really intending to dump, he'd be selling like 100x this amount.