5 ms·
Not entirely the case. Pump and dump schemes where seed stage investors sell to unassuming retail buyers in an IPO might be "companies going under", but if the
by gmd63 3y ago
Not entirely the case. Pump and dump schemes where seed stage investors sell to unassuming retail buyers in an IPO might be "companies going under", but if the free market rewards the creators of those schemes in premarket valuation etc, that behavior will proliferate instead of decline as society advances without putting them in check.
- WalterBright 3y agoPump and dump schemes are fraud and fraud is not legal in a free market.
- deleted 3y ago[deleted]
- gmd63 3y agoLook at the flood of SPACs that have declined 90%+ over the past few years after their IPO. Just because something is illegal, like speeding on a highway, doesn't mean it doesn't happen every day.