1) Buy volatile stock with recent IPO
2) Sue them for their volatility
3) ?????
1) Buy volatile stock with recent IPO
2) Sue them for their volatility
3) ?????
https://citizenlab.ca/2020/04/move-fast-roll-your-own-crypto...
Unfortunately, crypto libraries have a history of having a terrible UI and defaulting to ECB. Years ago I ran into this with pycrypto. I worked on a team that joked about how important it was not to do ECB and it turns out they had done ECB. https://www.dlitz.net/software/pycrypto/api/current/Crypto.C...
I.e. they put in their IPO prospectus that there might be a negative impact on their reputation from them having Chinese R&D, so they have a defense against that. They didn't put "We have misleading marketing materials that might become subject to widespread public attention" in there I think.
Public markets bid up a stock to an insane valuation in a matter of weeks and then the price comes down (due to technicals, fundamentals, whatever) and you have shareholders trying to weasel out of their gambling losses by suing company.
Let a customer who was actually harmed by this sue. Much more compelling to me.
If they weren't making shit up, stocks go up, stocks go down, but the gamblers wouldn't have any grounds to sue.