Can you direct purchase stocks of a direct competitor of your direct company? Eg: work at Microsoft, buy Apple (competing in operative system) or Google (competing mainly in search, cloud) In my case, can I purchase stocks on delivery online sales (eg: baba) ? Asking for this one as online sales is the "mainstream" business of Amazon. I guess I can throw there Google, Netflix or Microsoft as well. Assuming I am in a mid-career position (individual contributor, L6 or below) and I don't work for finance or departments with sensitive data in those sectors. #personalfinance #investments #amazon #netflix #google #facebook #snowflake #alibaba
When microsoft got sued for being a monopoly they bought a large portion of a failing company called Apple to make it look like they had viable competition
I have every tech stock BESIDES IBM in my portfolio.
Yes you can but it's poor form. Definitely discouraged if you are an executive or on your company's insider trading list
Why poor form? Diversification to avoid risk? Seems like the strategy to follow if you believe a whole sector is growing and there is enough space for all competitors to grow. It also decreases over-exposure if a decent chunk of your net worth is in your employer stocks.
If you are at the executive level, then there may be restrictions.
Personal Finance
Yesterday
4752
It is a blessing…
Tech Industry
11h
2551
The job market is absolutely brutal right now
Tech Industry
10h
785
Update: Trans Coworker Stealing Breast Milk
Tech Industry
7h
1266
I am starting to think Chinese interviewers currently fail non-Chinese candidates on purpose.
Tech Industry
20h
1591
Google will shutdown all cafeterias after this many years.
Of course. As long as aren't using material non public information anyway.
This is my assumption, otherwise tech workers of FAANG have it hard to invest in any of the others, and based on comments here. However I understand there should be a line for certain amount/ positions
That line is 10% ownership in a company. If you could afford to buy 10% of a public tech company you wouldn't be working :)