this post was submitted on 17 Nov 2025
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[–] empireOfLove2@lemmy.dbzer0.com 224 points 1 month ago (13 children)

That means the peak is here. The insider of all insiders sold? Dump everything!

[–] Mk23simp@lemmy.blahaj.zone 95 points 1 month ago (10 children)

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.

[–] 5C5C5C@programming.dev 69 points 1 month ago (7 children)

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

[–] yakko@feddit.uk 17 points 1 month ago

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

[–] Passerby6497@lemmy.world 11 points 1 month 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

[–] BarneyPiccolo@lemmy.today 5 points 1 month 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.

[–] excursion22@piefed.ca 5 points 1 month ago

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

[–] Atherel@lemmy.dbzer0.com 4 points 1 month ago

The government did it itself just way bigger.

[–] baggachipz@sh.itjust.works 3 points 1 month ago

They’d probably encourage it

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