this post was submitted on 13 May 2024
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the return of our messiah Roaring Kitty (www.bloomberg.com)
submitted 6 months ago by [email protected] to c/[email protected]
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[–] [email protected] 7 points 6 months ago (1 children)

I hope he had a real long talk with his lawyers to be 100% sure this also won't count as market manipulation.

[–] [email protected] 6 points 6 months ago

Matt Levine has an amazing newsletter about this today. Relevant excerpt:

In the hypothetical trade in Question 7, would the US Securities and Exchange Commission have a case against him for market manipulation? In your answer, make reference to (1) the fact that the tweet doesn’t mention GameStop at all, (2) the recent decision by a federal judge in Texas that actually pump and dumps are legal and (3) the 2023 decision by a federal judge in Washington, DC, that the moon emoji is securities fraud.

We live in a crazy world.

Disclaimer: I hold 4 GME shares because... well, I just wanted to have a bit of fun.