Re:GameStop Investors Who Bet Big–and Lost Big
by rich_sasha on Monday February 15, 2021 @04:14PM
(#26147512)
Worse still, I saw some speculation as to what portion of WSB traffic was in fact bots.
Regardless of what happened, next time it could be all bots doing the hyping.
Cybercrime is already catching on to these ideas, there were reports of criminals breaking into corporate systems to steal financials, then trade off them (or sell to traders). This is all rife for abuse.
Re:GameStop Investors Who Bet Big–and Lost Big
by WheelsAtLarge on Monday February 15, 2021 @06:10PM
(#26148884)
>>Regardless of what happened, next time it could be all bots doing the hyping
It's happening with political news. It's only a matter of time before it catches on in wall street.
Re:GameStop Investors Who Bet Big–and Lost Big
by joshspankit on Monday February 15, 2021 @06:05PM
(#26148824)
Definitely feel like it was bots saying “We’re going after silver now!”
What's interesting to me was that this seemed like the old pump and dump scheme that has been part of wall street fraudsters forever. It's a scheme where a group buys a low price stock, promote it to no end and then dump it as people go nuts buying it. Yet, few if any news services pointed that out.
I hope we get some real answers as time passes. My suspicion is that it was just a pump and dump that got out of hand because it got picked up by the media.