I question the notion that certain ticker mentions on the board are organic. If I'm CEO of the latest cultish EV brand for instance, paying off a troll farm to pimp my name on there would be chump change.
Collusion like the Naked Shorts did to Stock traders in 2001-2009? Hedge funds allowed to tag stocks while kids on Reddit can’t? Remember there were Short Killer funds?
I'm more concerned about RH's CEO lying about why his company was limiting trades. Hopefully the SEC investigates RH. Going after WSB's is a joke. These hedge funds have been doing illegal shit forever.
You really have to wonder how many large funds have people planted inside Wallstreetbets and Stocktwits to push things in their favor. I don't know how the SEC can regulate things like this.
Seeing Reddit people lament they bought at $200-$500 is sad because they knew they were throwing away money. If DFV sold at $200-$500 while claiming he’s holding it what do you think should happen?
I wonder if his legal defense team (if there is a need for one), would call out the financial news networks on it. Think about it. If folks like Bloomberg and CNBC had not started reporting on this stock's meteoric rise last week, it wouldn't have stoked non-Redditors from piling in. So they were complicit in the rise? lol!