this post was submitted on 23 May 2025
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[–] jaaake@lemmy.world 6 points 22 hours ago

They didn’t make “back” money, they’re just making money. His friends are the ones telling him to say insane shit that drives the market (or specific targeted stocks like Apple) down, then they buy while it’s low. After a few days/weeks, he changes his mind/can’t enforce his nonsense and the stock goes back up, his friends sell and have nothing but profit. The majority of the shit he does is market manipulation to benefit himself and anyone riding his coattails.