Former House Speaker Nancy Pelosi (D-CA) sold a combined 30,000 shares of stock in Google’s parent company, Alphabet, roughly one month before the Justice Department opened an antitrust lawsuit into the technology firm.
Federal regulators claimed in the Tuesday complaint that Google monopolizes the tools website publishers use to sell advertisements and that companies utilize to purchase advertisements. Pelosi, who resigned from her leadership position but remains a member of Congress, sold 10,000 shares of Alphabet Class A stock on December 20, December 21, and December 28, according to federal disclosures, marking a combined transaction value between $1.5 million and $3 million. The disclosures were digitally signed by the lawmaker on January 12.
Although shares for Google have increased roughly 8% over the past month, the company’s