Nvidia executives sold their shares during the high value of cryptocurrencies

These are not the best weeks for Nvidia. The company is facing a class action lawsuit by its investors, and now new data is coming out that makes it clear that some practices at the company were not entirely honest. It has been revealed that during the cryptocurrency boom, company executives, including the company's CEO, sold millions of shares of the company. At the time when their prices peaked.

Nvidia executives sold their shares during the high value of cryptocurrencies

These shares were devalued with great speed and are currently worth less than half. An action similar to that ex-Intel CEO took after Specter and Meltdown were revealed.

New scandal at Nvidia

In this way, these company executives made millions in the sale of these shares. While the people who have bought them have lost a large amount, given their devaluation. A new scandal for Nvidia in a few weeks, which makes it clear that the situation within the company is not the best.

These data have been revealed thanks to the class action lawsuit that is underway against the company. These actions of the executives had the desired effect, of increasing the price of each share of the firm. The company's CEO went on to sell 11, 000 of his personal shares, earning $ 18 million.

We will see how this case evolves on Nvidia. The company CEO or executives have not issued a statement so far. Although the truth is that in these weeks, even after announcing the class action lawsuit, they have not made statements about it.

HOCP Source