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".
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?
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.
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)
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.
That's... not at all true. There's no insider connection required for a pump-and-dump to be considered fraud. Maybe you're confusing it with "insider trading", which is a different thing.
(B) EXCLUSION.—The term “covered company” does not include an entity that operates a website, desktop application, mobile application, or augmented or immersive technology application whose primary purpose is to allow users to post product reviews, business reviews, or travel information and reviews.
Somewhat similar experience for me- I canceled apple music today because the Linux experience is... not great. The web client has an issue where the emoji font (Noto Emoji) makes all spaces full width. There's an unofficial client called Cider, but it has issues with favoriting items. And neither web nor Cider support playing to a networked speaker.
Yeah, Apple has a remote app but you need to be on the same local network and connect to the remote library and then can't add stuff from Apple Music. It all feels so antiquated and inelegant.
Some people are complaining about Spotify UI/UX but at least they provide a lot of features and it works pretty well most of the time. I find the app more responsive and just overall better has a streaming player.
I subscribed to apple music for 5 years but then I just switched back to Spotify this year. It is just better.
That's the thing I loved most about Spotify. Unfortunately their "radio" sucks. It generates a 1 time playlist of 50 songs. Pandora has the shittiest interfaces ever, but it does a damn good job DJing for me. Most of the time, I just want to turn it on, pick a genre and let it go. I don't want to listen to the same 50 songs over and over in the same order.
