this post was submitted on 15 Sep 2023
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Technology

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[–] FourPacketsOfPeanuts@lemmy.world 12 points 1 year ago (1 children)

I wouldn't put it past them to short their own stock while they make announcements then go long once things settle down...

[–] pinkdrunkenelephants@sopuli.xyz 0 points 1 year ago (1 children)

How the fuck is that even legal?

[–] Subverb@lemmy.world 3 points 1 year ago

It isn't. That would be Insider Trading.

But it doesn't stop people from trying (and sometimes getting away with) it.