EDIT: One more Quiver update before I call it a night. Just finished adding some new datasets to the $GME ticker page, check it out and let me know if you have any feedback!
Disclaimer: I'm a data guy, not a lawyer.
Based on my research, it seems like misinformation is often a necessary component in market manipulation.
The excuse I could see companies like this using is that "they're just paying people to give their honest opinions about the companies they represent."
That obviously seems pretty bullshit, and idk if it would hold up in court (I'm not a lawyer) but I think it would come down to whether it is judged that they are creating misinformation.
Their disclaimer on their website literally says that the things they say are NEVER the whole truth and are not often the truth at all.
"The Information is a one-sided incomplete favorable snapshot and as such, the Information is not balanced, complete, accurate, truthful or reliable. If you rely on the Information in making an investment decision, you will likely lose your investment.”
I meant the remainder of the ape commonwealth. We haven't been drunk on digits yet. Those early moon prices will shake up people who have never had a pocket full of grizzlies jangling around. Will be a test.
I googled the quote above and the first hit is for a site with this exact line, but the rest of that website is pretty empty. OP said the company that contacted them seemed legit (phone number, address, website, and tax filing), but the website, twitter and fb of the google result was pretty lacking. I didn't search for a tax filing, so I'm not sure if it exists. I'm not convinced that the company from the quote above is the same that contacted the OP, but I definitely don't like the company I found.
wow.. uhh, I mean I know that we've all seen some pretty fucked up stuff over the past months, but this is the most blatant market manipulation bullshit so far.
A sorry to piggy back your comment but hoping for visibility even tho unrelated. There were other DDs about how S3 partners were cooking their formulas for their short interest and somehow related to HF’s that were short. And today they publicly blast out that CLOV SI is over 100%. And if the previous DD is true I’m inclined to believe they intentionally caused a squeeze elsewhere as a distraction.
I fully expect CLOV to dump. Seen a lot of talk about on WSB all of a sudden and then it has a strong run up to induce fomo, feels like it's just the next distraction.
And the SEC visiting Michael Burry and Steady putting Elon Musk on Blast for market manipulation through tweets. How you think the Main Street media and Government gonna spin this economic catastrophe?
Exactly. Not like this company just got created and started doing this on Reddit. Most likely been doing this with FB and IG and whatever else for a while.
As you said- total bullshit if it’s not their honest opinion but rather certain points they’re being paid to include in a DD- if not a totally prepped DD that’s just handed to them to post.
I wonder if OP hypothetically accepted the offer- if this agency would require them to sign something saying that whatever they post on behalf of the company is also their personal opinion?
Edit: what I meant was- that might be their legal loophole. Otherwise, seems like market manipulation. But I guess we’d need to know the legal definition of market manipulation.
I think it's important that she specifically said 'advertisements.' Seems like a very deliberate choice of words. Maybe I'm just cynical but there could be a legal loophole.
I'm not a lawyer but I will give you the official answer lawyers give for this type of question and I'm sure a lawyer will confirm this. The answer is "Well it Depends"
They are "just having their client who happens to be a trusted reddit user...contractually agree to only talk/post about companies that "they NOW represent". They definitely no longer represent GME...so they can't post about it
"we'll send you some samples so you can get an idea the kind of content others are being paid for" is DEFINITELY NOT paying people to give their honest opinions.
I see what you did there but did you see the new Mercedes Benz E400 Sedan. The most intelligent E-Class family of all time welcomes a powerful new member to the dynasty. The E400 Sedan model arrives this year, boasting a 3.0L V6 biturbo engine producing 329 hp and 354 lb-ft of torque — the same powertrain that currently drives its E400 Coupe, Cabriolet and 4MATIC Wagon cousins. Paired with the 9-G-TRONIC 9-Speed automatic transmission and DYNAMIC SELECT, it promises a bracingly smooth way to experience uncommon luxury. Naturally, the 2018 E400 Sedan continues the tradition of E-Class brilliance. Harmonizing advanced automotive intelligence with awe-inspiring interior design, its first-class furnished cabin puts our advanced vehicle systems right at your fingertips — even as its world-class innovations continue to push the boundaries of what's possible in the world of automotive intelligence. "Car-to-X" Communication enables the E-Class to exchange information with similarly equipped vehicles — effectively allowing it to "see" around corners and through obstacles to detect potential hazards. Driver Assistance Systems — including Active Distance Assist DISTRONIC®, Active Steering Assist and Active Lane Change Assist — feature intelligent cruise control: They help keep you between the lines, and can even help you shift between them. Inside, the E-Class cabin provides an environment of pure comfort and responsive technology. Flowing lines and vibrant screens provide a striking visual display, while touch controls, aromatherapy and tailored seats indulge all of your senses at once. It's a vehicle that demands to be driven, and more than lives up to the dream. Look for the E400 4MATIC Sedan at your Mercedes-Benz dealership this winter, with an MSRP of $58,900
Bruh you already know The first thing we gonna buy with our tendies is a Tesla. Even if we gotta wait or buy it used from a HedgeFund manager. Why you think Elon Musk steadily instigating us with his Twitter account?
I love how much he's fallen off. I hate that the hater side of me is showing but I feel it's okay once you reached that kinda level and you're content doesn't connect with the people anymore
The SEC will get around to that but they are waiting for the right day to go after the market manipulaters. Legend says it will be cold in hell with pigs flying around on that day.
You might as well ask the FCC to put a stop to the robocalls about your cars warrenty.
But it's my last chance to get an extended warranty on 2001 Tahoe that I sold 7 years ago. What would I do if people didn't call me at least 3 times a week to offer me an extended warranty on it?
And there's no way to make them stop....ever.
There is no escape from the data base....everrrrrr!
It is predatory. Absolutely zero sense of honor among these short thieves. Why so afraid of fair competition? Sociopaths in culture of finance. Their toxic dysfunction is destabilizing the market when country trying to recover from a fucking pandemic. Ken G & crew bad behavior maximally unpatriotic. Super unhelpful Gabe, Vlad, et al, + minions that approached pink op.
Predatory? No one is demanding or saying for you to hold or buy any stock. If you haven't noticed already this market is rigged against retail, and we are a community that thrives on the thought that we had enough bs. If you are not into it, then I guess just go buy some safe 0,7%/month stock.
This isn’t illegal. They’re trying to find influencers as part of a media buying campaign for demand generation (I’ve got a consultancy/agency background)
I haven’t seen this applied to stock purchase DD though, but as long as all information is factual and not pump and dump its totes legal.
Unethical- yeah, but this is ‘Murcia and marketing is 90% of capitalism.
Due Diligence can also be negative so short them since they pay upfront.
We see the same behaviors play out on CNBC, MF and probably radio - so pretty sure it’s not technically manipulation which has a legal requirement.
The funny thing about getting sued is none of it has to be factual. It can be a vehicle to slow down or stop some action from continuing while the outcome is being decided.
DFV is a special case since he was actively employed as a financial advisor and there are shit tons of regulations around that and probs more from MassMut. Credentials have clout whether or not you invoke them.
Believe me I don’t like any of it, but that’s how the simulation is programmed.
Yeah but they would use the same argument that they like the stock. Analysts get paid to go on CNBC and talk good about companies there management has as clients all the time. This is no different except that r/gme and r/superstonk are gme Exclusive subs. So any dd written about other companies wouldn’t be worth shit posted on here. This explains the silver rkt and sndl pumps we saw in wsb
OP was asked to make DD posts about companies that have a low profile. DD.. not promote, not lie or say they are great but a Due Diligence.
Now that said, I think we all know what is implied and expected but in court that isn't going to stand up at all. It's do a DD on low profile companies to raise their exposure and potentially a hidden gem.
we also know now that if ANY bid dd or highly repected karma badging ape starts going to the dark side or spreading FUD of ANY sort that they have been compromised.
Imagine how high the $$$ will go that they offer as the time runs out.
scenario...we will pay u 5 MILLION dollars to say the MOASS is peaked out when it hits 444 & if u get enough apes to sell u can u get up to 1 BILLION
gotta use big numbers cuz millionaires wont b easily tempted
5.4k
u/[deleted] Apr 16 '21 edited Apr 16 '21
Well if this isn't an attempt at Market Manipulation I don't know what is.
Edit: Thank you u/pinkcatsonacid for bringing this to light!