Comment on Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears

empireOfLove2@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

• Mk23simp@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

  Imagine if he waits for people to panic and sell off and then buys back into the market.

  In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they’re an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.

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  • 5C5C5C@programming.dev ⁨1⁩ ⁨day⁩ ago

    I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.

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    • yakko@feddit.uk ⁨1⁩ ⁨day⁩ ago

      The word is regulatory capture, and the game is upwards wealth transfer.

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    • Passerby6497@lemmy.world ⁨1⁩ ⁨day⁩ ago

      I imagine this should count as illegal stock market manipulation, but the government would be too in on the scam to prosecute it.

      FTFY

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    • excursion22@piefed.ca ⁨1⁩ ⁨day⁩ ago

      This is the government’s favourite sport. What do you think all the tariff announcements and later withdrawals are doing?

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    • BarneyPiccolo@lemmy.today ⁨1⁩ ⁨day⁩ ago

      The MAGA government will get in on it. Trump will probably make some kind of ridiculous statement to kick off the plunge, so they can all profit on the slide, and rebuy at the bottom, and recycle the bubble.

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    • Atherel@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

      The government did it itself just way bigger.

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    • baggachipz@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

      They’d probably encourage it

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    • aeternum@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

      lol. prosecuting one of the in crowd? They’re not toothless (in this case at least), they’re just protecting one of their own.

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  • unexposedhazard@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago

    Who cares tho. Anyone who sells now still made massive gains. Only gamblers think about “potential gains”.

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    • tym@lemmy.world ⁨1⁩ ⁨day⁩ ago

      gamblers duck in and out over the course of hours and days with leverage

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• sp3ctr4l@lemmy.dbzer0.com ⁨23⁩ ⁨hours⁩ ago

  Yep.

  I read this and actually said aloud “Oh Dear God.”

  I mean, I’m a poor, I don’t have… a pension, investments, I’ll be lucky if my net worth ever exceeds the FDIC guaranteed $250k…

  But uh yeah, yeah, if you have any uh, exposure to the stock market… uh, good luck!

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• HubertManne@piefed.social ⁨1⁩ ⁨day⁩ ago

  was gonna say. they guy whos company is to to have all the information. mmmmmm.

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