The timing was more or less "hey this pump and dump scam on our platform is getting a bunch of negative attention."
People seem to think they were paid off by some big players. Ha! In their dreams.
People seem to think they were paid off by some big players. Ha! In their dreams.
Do hedge funds not know how to do social media marketing?
Why go on CNBC to announce your position when you can pay some kids and influencers to shitpost on wsb to rile up an online mob and leave no fingerprints?
It is crazy to me how ppl continually fall for this stuff? How does any mass online movement not trigger skepticism? I mean look at the history of this stuff from Kony 2012 to the Arab spring to Russian troll farms.
I do however think that this is a significant new front in the battles between Wall Street behemoths. Market manipulation by stirring up online mobs of mooks. If this one is organic, the next won’t be.
I always thought that Kony 2012 was just a dry-run for these sorts of things. I've never been able to figure out who did it though.