this post was submitted on 23 Feb 2024
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[–] PhlubbaDubba@lemm.ee 226 points 9 months ago (4 children)

"Reddit Invokes The Streisand Effect to Openly Invite r/WallStreetBets to Wreak Havoc on Their Stock Price."

[–] nilloc@discuss.tchncs.de 9 points 9 months ago (3 children)

I think they’re trying to get the SEC to solve their problems for them. I wonder how careful the WSB/Stonkers can be.

[–] Kbobabob@lemmy.world 7 points 9 months ago (2 children)

Maybe I'm just dumb, but what could the SEC actually do?

[–] nilloc@discuss.tchncs.de 24 points 9 months ago (1 children)

Accuse them of stock market manipulation, which is exactly what the hedge fund guys do constantly. But since the Reddit kids aren’t hedged managers with $100millions, they’ll get sucked.

[–] PhlubbaDubba@lemm.ee 2 points 9 months ago

Is feeding the trolls market manipulation?