Also anti-trust, monopolies and insider trading are all legal.
The SEC won't do anything.
HIS crime is legal. Yours is still illegal unless you pay tribute, e.g. binance.
$PYPL at $40 was/is free money. Nothing stopping you from getting on the train. 8 PE is insane for a company with brand recognition and market penetration.
I fully agree with your assessment of the company and its valuation.
It's the publication of the rumor and accompanying 10% pop in stock price that's suspicious.