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The timing was more or less "hey this pump and dump scam on our platform is getting a bunch of negative attention." People seem to think they were paid off by

The timing was more or less "hey this pump and dump scam on our platform is getting a bunch of negative attention." People seem to think they were paid off by some big players. Ha! In their dreams.

badjeans 6y ago
No, I haven't seen anybody talking about discord, just the subreddit/"redditors".
ThomPete 6y ago
There is no pump and dump scheme that haven't been allowed by the hedge funds for decades.
- vmh1928 6y ago
  Or the Federal Reserve pumping everything with their easy money buyback of zombie companies and Treasury instruments.
  - xapata 6y ago
    It's not a zombie after you revive it.
- ndnskzkzn 6y ago
  Why does everybody assume there is not some hedge fund behind this short squeeze? Do hedge funds not know how to do social media marketing? Why go on CNBC to announce your position when you can pay some kids and influencers to shitpost on wsb to rile up an online mob and leave no fingerprints? It is crazy to me how ppl continually fall for this stuff? How does any mass online movement not trigger skepticism? I mean look at the history of this stuff from Kony 2012 to the Arab spring to Russian troll farms. I do however think that this is a significant new front in the battles between Wall Street behemoths. Market manipulation by stirring up online mobs of mooks. If this one is organic, the next won’t be.
  - Teever 6y ago
    > Kony 2012 I always thought that Kony 2012 was just a dry-run for these sorts of things. I've never been able to figure out who did it though.
  - marliechiller 6y ago
    Cant you easily tell where the invested money is coming from? if its coming from corporate accounts then it would obviously be another hedge fund but as far as I was aware these were lots of accounts from armchair investment platforms like robinhood etc
c0nducktr 6y ago
There weren't any scams going on in the Discord.
SamBam 6y ago
A short squeeze is different from a pump and dump. For one thing it's legal.

The timing was more or less "hey this pump and dump scam on our platform is getting a bunch of negative attention." People seem to think they were paid off by some big players. Ha! In their dreams.

badjeans 6y ago

No, I haven't seen anybody talking about discord, just the subreddit/"redditors".

ThomPete 6y ago

There is no pump and dump scheme that haven't been allowed by the hedge funds for decades.

vmh1928 6y ago
Or the Federal Reserve pumping everything with their easy money buyback of zombie companies and Treasury instruments.
- xapata 6y ago
  It's not a zombie after you revive it.
ndnskzkzn 6y ago
Why does everybody assume there is not some hedge fund behind this short squeeze? Do hedge funds not know how to do social media marketing? Why go on CNBC to announce your position when you can pay some kids and influencers to shitpost on wsb to rile up an online mob and leave no fingerprints? It is crazy to me how ppl continually fall for this stuff? How does any mass online movement not trigger skepticism? I mean look at the history of this stuff from Kony 2012 to the Arab spring to Russian troll farms. I do however think that this is a significant new front in the battles between Wall Street behemoths. Market manipulation by stirring up online mobs of mooks. If this one is organic, the next won’t be.
- Teever 6y ago
  > Kony 2012 I always thought that Kony 2012 was just a dry-run for these sorts of things. I've never been able to figure out who did it though.
- marliechiller 6y ago
  Cant you easily tell where the invested money is coming from? if its coming from corporate accounts then it would obviously be another hedge fund but as far as I was aware these were lots of accounts from armchair investment platforms like robinhood etc

c0nducktr 6y ago

There weren't any scams going on in the Discord.

SamBam 6y ago

A short squeeze is different from a pump and dump. For one thing it's legal.