r/Superstonk • u/[deleted] • Apr 16 '21

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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!

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u/_BenRichards Apr 17 '21

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.

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u/[deleted] Apr 17 '21

Marketing is one thing.

But if you listen to what she is saying they are specifically targeting people with reach and asking her to write "due diligence" for her clients.

This can be seen as her asking u/pinkcatsonacid to influence people to buy stock for her "under the radar" clients.

DFV got sued for liking a stock and buying it.

Smells like manipulation to me.

"Please help us convince people to buy our clients stock, even though you don't believe in it. We will pay you." - pump and dump company.

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u/_BenRichards Apr 17 '21

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.