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

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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