[prvc]

Is that legal?

[toomuchtodo]

Not legal advice:

Apple made its intentions public. It was the market that mispriced the impact.

[detaro]

Apple likely has access to non-public statistics actually showing the impact.

[toomuchtodo]

Are they obligated to not trade on their own research and information? And it’s not Apple stock, it’s Meta’s. Great topic for a Matt Levine Money Stuff segment on his laws of insider trading series.

https://github.com/0xNF/lawsofinsidertrading.com

[detaro]

Fair point, it's a good question if they have an obligation to not use the customer information they gather or not.

[danielvaughn]

This is an interesting question. I'm not an expert but it doesn't sound like it would be illegal.