This article doesn’t answer the real questions: How much stock did he own, how did he own it, and what percentage of his portfolio was it?<p>Apple is one of the biggest companies in the US, so it comprises a significant portion of large-cap index funds. If any of your 401K or other portfolio includes an ETF or other fund with large-cap US companies, you own Apple stock.<p>If you’re invested 100% in a simple S&P 500 index fund, your portfolio is over 6% AAPL.<p>If the judge is simply reporting that he held large-cap index funds during this time, I think this is a non-story. Even a 10% drop in a company that makes up 6% of your portfolio is going to be negligible in your overall finances.<p>On the other hand, if he had something strange like options on AAPL around the time of his verdict, that would be a huge concern. However, I think these stories would have led with those details if they existed.<p>This is probably nothing.
Probably a good idea to pass a law that certain key government employees can only own index funds (here's looking at you, congress).<p>However, with the benefit of hindsight, we can all take solace in the fact that, regardless of the outcome of this lawsuit, Nokia was doomed to failure anyways.<p>Turns out a bureaucracy built around selling hardware might be liable to underestimate the rising importance of software.
> If tech companies fail to comply with the new law, they could face fines of up to 3 percent of their South Korea revenue.<p>Is this appstore revenue or total revenue? If they charge a 30% commission, is a 3% fine incentive to stop?