[Cub3]

I don't understand how "Roaring Kitty" is illegally manipulating the market.

What has he done / is he doing that's illegal? Can no one post on social media that they are interested in a stock?

[PickledHotdog]

He hasn't done anything illegal. He posts his positions after the market closes and he's talked about his thesis for years now.

We're all just getting front row seats to the show.

[mupuff1234]

Does his thesis still hold true? His thesis was when gme was worth way less.

[hiddencost]

Correct. Because he's famous, and because he's profiting off of influencing people's behavior.

This is called a pump and dump scam, and is fraud. It hurts real people. It's why the regulatory framework exists, to protect naive investors from predatory ones, and ensure that misconduct doesn't overwhelm the valuable functions of the market.

An old adage used to describe the law in this context: "you can be a pig, but don't be a hog".

[realce]

How does this adage describe the law? Where is the deception and fraud explicitly? Where are the non-verifable claims made? Where is the dump?

He has explained his thesis hundreds of times in public, he's following thru with that thesis, there's no surprise or rugpull.

[HaZeust]

If one can't influence the price of stock due to "fame" or "influence" in and of itself, doesn't this put public.com in extraordinarily hot water [1] ? What about Unusual Whales, Quiver Quant?

1 - https://news.crunchbase.com/venture/meet-public-com-the-soci...

[BlackJack]

In the past, he had call options that he could've sold for profit but instead he exercised them to get even more GME stock. It's literally the opposite of dumping.

The whales manipulate markets much more than anything Keith Gill has done.

[blindriver]

Where is the dump? Last time he held the shares for a very, very long time.

[voisin]

> This is called a pump and dump scam

It isn’t a pump and dump if he isn’t lying about it to pump it up (talking about your own actual position or the fundamentals isn’t “pumping”) and if he isn’t dumping it (“diamond hands” is sort of his thing)

[PickledHotdog]

How is it a pump and dump? He doesn't need anyone to do anything.

He has the position and the funds to make the play himself.

[metabolian]

For him to be involved in fraudulent pump-and-dump he'd have to be an insider or being paid by insiders to pump up the price. There's zero evidence of that.