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This wasn't a pump and dump though. Even if it never hit WSB the pump (squeeze of the short sellers) would have happened. The defining feature of a pump and dum
by usmannk 6y ago
This wasn't a pump and dump though. Even if it never hit WSB the pump (squeeze of the short sellers) would have happened. The defining feature of a pump and dump is a socially engineered pump. Here the social aspect was more like "Look what is going to happen with or without us, we should ride it up. It is also obviously going to crash right after". People from WSB to Scion capital saw this coming, and got in.