What does Nancy know? Congresswoman Pelosi buys 5m in San Fran software company's stocks - adding to her hugely successful portfolio
Former House Speaker Nancy Pelosi has invested up to 5 million in a San Francisco-based company, adding to her successful portfolio of Big Tech. Documents revealed Pelosi's transaction with privately held Databricks, which is a software company based on AI technology, took place on March 3 and was disclosed on March 21. Databricks is just the latest newcomer to Pelosi's long list of companies, but there are eight major names that she has invested 16 million in since 2022. While she has not broken any laws by buying and selling stocks, many Americans and other government officials see the investments as conflicts of interest since she has access to confidential intelligence and the power to impact businesses. Documents revealed Pelosi's transaction with privately held Databricks, which is a software company based on AI technology, took place on March 3 and disclosed on March 21 Databricks is just the latest newcomer to Pelosi's long list of companies, but there are eight major names that she has invested up to 16.1 million in since 2022 Databricks, founded in 2013, raised 500 million last year based on a 43 billion valuation.
Mar-25-2024, 18:03:19 GMT
- Country:
- North America > United States > California > San Francisco County > San Francisco (0.25)
- Industry:
- Banking & Finance > Trading (1.00)
- Government > Regional Government
- Information Technology > Software (1.00)
- Technology: