Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> That's market manipulation and it's a financial crime, so it should be criticized and investigated.

not all market manipulation is a financial crime. Soros breaking the Bank of England is a form of manipulation, but not illegal.

Just like how Melvin capital (the hedge fund in the GME shorting saga) failing due to wallstreetbets people pumping GME stock and causing a short squeeze - that's manipulation, but not a financial crime.



Consider applying for YC's Winter 2027 batch! Applications are open till November 2.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: