the return of our messiah Roaring Kitty (www.bloomberg.com)

submitted 6 months ago by dgerard@awful.systems to c/buttcoin@awful.systems

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[-] V0ldek@awful.systems 7 points 6 months ago

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

[-] rinze@infosec.pub 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.

this post was submitted on 13 May 2024

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