5 ms·
‘We’re Robbing Fucking Idiots’: Twitter Influencers Laughed While Pumping Stocks
- JumpinJack_Cash 4y agoAs always the SEC bullies the small fishes
- yazzku 4y agoThese are criminals and, judging by their modus operandi, quite the imbecile kind. The SEC is not bullying anyone here.
- JumpinJack_Cash 4y agoWhat a bully does is to punch down, the SEC does exactly that as it never went after a billionaire even though commentators and those who follow the dynamics can spot fraud from a mile out.
- yazzku 4y agoIf you had written that in your original comment then you probably wouldn't have gotten that many down-votes.
- deleted 4y ago[deleted]
- boeingUH60 4y agoVery easy to avoid this…retail investors have no business with the stock market; the vast majority of them lose money…there are billion-dollar funds with the best connections and expertise money can buy even losing billions, but yet some folks in their basement think they can do better. Asides, this case made me remember Chamath Palihapitiya, who hyped several SPACs to retail investors and left them holding the bag.
- djitz 4y agoThe problem is there ARE people in their basements who do better.
- pcurve 4y agoGlad they're being cracked down. SEC makes it relatively painless to report pump and dump scheme and other manipulations https://www.sec.gov/tcr https://www.sec.gov/tcr
- yazzku 4y agoThe problem, the SEC dryly notes, is that the alleged criminals (but proven imbeciles) had a tendency to discuss “their scheme over Discord voice chats that they believed were private, but were being recorded.” Like discussing a bank robbery in front of the bank. "I tell you, Steve, the guard is not looking right now..."
- khrbrt 4y agoGlad the SEC and DoJ are cracking down on this scum but when are they going after Elon Musk for blatant stock manipulation via tweets?