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US executives are selling stock at a record pace:

The ratio of insider buyers to sellers dropped to 0.22, the lowest since 1988 when data began.

This is below previous lows of 0.24 and 0.25 seen in 2024 and 2021.

This month, only 98 firms have had at least one insider who bought shares, compared to 447 firms with at least one insider who sold.

Selling was particularly concentrated in Big Tech, which drove the market gains over the last 2 years.

Corporate insiders are taking profits.
(@TheKobeissiLetter)



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US executives are selling stock at a record pace:

The ratio of insider buyers to sellers dropped to 0.22, the lowest since 1988 when data began.

This is below previous lows of 0.24 and 0.25 seen in 2024 and 2021.

This month, only 98 firms have had at least one insider who bought shares, compared to 447 firms with at least one insider who sold.

Selling was particularly concentrated in Big Tech, which drove the market gains over the last 2 years.

Corporate insiders are taking profits.
(@TheKobeissiLetter)

BY The Kobeissi Letter




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"And that set off kind of a battle royale for control of the platform that Durov eventually lost," said Nathalie Maréchal of the Washington advocacy group Ranking Digital Rights. As a result, the pandemic saw many newcomers to Telegram, including prominent anti-vaccine activists who used the app's hands-off approach to share false information on shots, a study from the Institute for Strategic Dialogue shows. In February 2014, the Ukrainian people ousted pro-Russian president Viktor Yanukovych, prompting Russia to invade and annex the Crimean peninsula. By the start of April, Pavel Durov had given his notice, with TechCrunch saying at the time that the CEO had resisted pressure to suppress pages criticizing the Russian government. Also in the latest update is the ability for users to create a unique @username from the Settings page, providing others with an easy way to contact them via Search or their t.me/username link without sharing their phone number. Telegram, which does little policing of its content, has also became a hub for Russian propaganda and misinformation. Many pro-Kremlin channels have become popular, alongside accounts of journalists and other independent observers.
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