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It is at best extremely unclear that there was a serious pump-and-dump scheme going on Reddit. To qualify as a pump-and-dump you have to deliberately inflate pr
by Armisael16 6y ago
It is at best extremely unclear that there was a serious pump-and-dump scheme going on Reddit. To qualify as a pump-and-dump you have to deliberately inflate prices through false or misleading statements. That wasn’t really happening; everyone knew what was happening.
People off r/wsb may not have had as clear a picture (and I imagine many of the people who quadrupled the size of the sub in a week may not either), but it’s incredibly hard to blame Gill for other peoples reporting of him. By the end of things he wasn’t even really posting text, just portfolio shots.