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[-] PhlubbaDubba@lemm.ee 181 points 6 months ago

"Reddit Invokes The Streisand Effect to Openly Invite r/WallStreetBets to Wreak Havoc on Their Stock Price."

[-] nilloc@discuss.tchncs.de 9 points 6 months ago

I think they’re trying to get the SEC to solve their problems for them. I wonder how careful the WSB/Stonkers can be.

[-] Kbobabob@lemmy.world 2 points 6 months ago

Maybe I'm just dumb, but what could the SEC actually do?

[-] nilloc@discuss.tchncs.de 15 points 6 months ago

Accuse them of stock market manipulation, which is exactly what the hedge fund guys do constantly. But since the Reddit kids aren’t hedged managers with $100millions, they’ll get sucked.

this post was submitted on 23 Feb 2024
581 points (96.9% liked)

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