Unity bosses sold stock days before development fees announcement, raising eyebrows
www.eurogamer.net
Unity executives sold thousands of shares in the weeks leading up to last night's hugely controversial announcement it …
  • Mudface@lemmy.worldEnglish
    42·
    10 months ago

    Aren’t there laws against this sort of thing? I think that’s significant fraud and he should go to prison

    • chaogomu@kbin.social
      3·
      10 months ago

      It was a pre-scheduled sale.

      They’re announced months in advance and can either trigger on a set date, or at a set stock price. It’s more complex than that, and can involve taxes and shit, but the sale itself was above board(ish).

      They likely delayed the announcement of the fees to ensure a higher stock price for the sale, which starts getting into a gray area.