Blackboard Financials: Why Are Insiders Still Dumping the Stock?

Alfred Essa, The Nose, Dec 05, 2006
Commentary by Stephen Downes

With all the attention being paid to the company as a result of the Blackboard patent, questions are beginning to surface about its long-term viability. Alfred Essa, for example, asks why Blackboard insiders and continuing to dump Blackboard stock. "Even Forbes recently took notice ("five insider selling plays") listing Blackboard as one of the top five companies with significant insider dumping of stocks." Meanwhile, from South Africa, James Kariuki lays it on the line: "like I have said before, online learning is an idea whose time has come, and NO action by the likes of Blackboard would stifle it."
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