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

• 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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