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So if I’m a billionaire, I can say I’m going to buy a company, to build up its stock price, and then short it and publicly walk away? That’s fine because I don

So if I’m a billionaire, I can say I’m going to buy a company, to build up its stock price, and then short it and publicly walk away? That’s fine because I don’t have a duty to that company’s shareholders? I mean sure, can only do it once, but that’s legal?

kasey_junk 3y ago
:shrug: it’s not insider trading (by historical norms) that doesn’t make it legal. There are other laws that you might be breaking.