Gizmodo 
Enter your username and password.
Tip your editors:
Editorial Director:
Brian Lam | | Twitter
Editor:
Jason Chen
| AIM | Twitter
Features Editor:
Wilson Rothman
| Twitter
Senior Contributing Editors:
Jesus Diaz
| AIM | Twitter
Mark Wilson, Reviews
| AIM | Twitter
Contributing Editors:
Matt Buchanan
| AIM | Twitter
Adam Frucci
| Twitter
Sean Fallon
| Twitter
Jack Loftus
| Twitter
John Herrman
| Twitter
Dan Nosowitz
Chris Mascari
Kat Hannaford
| Twitter
Rosa Golijan
| Twitter
Chris Jacob
Columnist:
Brendan I. Koerner
Interns:
Don Nguyen
Kyle VanHemert
Comment Account Questions:
Original material is licensed under a Creative Commons License permitting non-commercial sharing with attribution.
10/14/09
10/14/09
(Riggio, is that a mafia relation?)
10/14/09
actually, it is insider trading... it is not, however, illegal. What happens is that officers, agents, or those with privileged (a.k.a. "insider") knowledge may buy and sell stock (or other securities) within a company. When they do so, however, they are required to file with the SEC (Securities and Exchange Commission) under Form 4 (with potential for others). It happens all the time. For instance:
http://www.secform4.com/insider-trading/1288776.htm
That should list some Google purchases and sales by Directors and Executives of the company, including institutional ownership (above certain amounts) and other potentially insider activity.
It is a misnomer in the US, and in Germany (likely other places, I am really only familiar with securities law in those two countries), to call insider trading illegal. It is not. It is illegal under a variety of circumstances when not reported accurately or honestly, but it is not, in itself, illegal.
Open public access to Form 4 filings can be found through the EDGAR SEC Database (sec.gov/edgar and edgar-online.com). The really funny thing is that there are TONS of investors that pay for these detailed reports and breakdowns, but these are all mandated as publicly available, the same as a 10-Q or 10-K filings.
Anyway, that is likely FAR more info than you were looking for. Short answer: yes, it is insider trading -- no, it is not illegal.
10/14/09
10/14/09
12/13/08
11/20/08
11/20/08
11/20/08
11/20/08
Wait, what?
11/13/08
I also think that the PS3/360 fanboys who feel a need to dismiss the Wii as a gimmick and a fad are simply envious that one could get all their console gaming enjoyment at half of the price of them.
However, I did have a 360 that I enjoyed very much until it RRoD on me.
11/13/08
As for your second statement I have to truly LAUGH. The games for the 360 far far outshine the Wii. The Wii has about 10 solid games, the rest are garbage. The 360 has loads of games, plenty of people to play on live.
The Wii seems to only be a party console.
11/13/08
And for those of us with friends (Online ones don't count) the Wii makes a GREAT party console. I've not once seen the 360 or PS3 in use when we're over at his apartment, it's always the Wii that gets the use when people are over (Which is almost every night)
11/13/08
Most of my Wii games are actually one player...
11/13/08
Even so, Nintendo Wifi still doesn't let you "see" your friends online and the message system is slow as hell. Too many times, I've had messages come in only after I put the machine on Standby. Wii is the console that could have been so much more but is turning out to be "snake oil".
it's times like these that I absolutely hate Nintendo for being so behind the times and refusing to take online gaming seriously.
11/13/08
11/13/08
11/13/08
11/13/08
11/13/08
11/13/08
Thank goodness I have a PS3 too... hell, I'd take PSP over Wii at this point.
11/13/08
Heh, I remember when we got ours, we snuck into the mall before it was open to be first in line at a Gamestop. This was like, 2 or 3 years ago!
11/13/08