Sources: federal prosecutors are talking to social media companies to find out whether market manipulation fueled the rise of stocks like GameStop and AMC
Dave Michaels / Wall Street Journal :
Wall Street Journal Dave Michaels
Related Coverage
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- The Reddit-fueled GameStop rally is reportedly under federal investigation for possible market manipulation - and Robinhood has been subpoenaed Insider
- Government agencies begin investigating Robinhood, Reddit over GameStop stock CNET
- Government agencies probe GameStop pump over potential illegal manipulation SiliconANGLE
- GameStop Trading Frenzy Being Probed For Misconduct PYMNTS.com
- GameStop surge reportedly under federal investigation for possible manipulation The Verge
- Federal attorneys are investigating meme-led trading in GME, AMC and silver: WSJ Cointelegraph
Discussion
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@blackcatprowl3
Blackcatprowliii
on x
@Techmeme @davidamichaels Shouldn't the investigation be into whether market manipulation fueled the destruction of these & other stocks?
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@commuternyc
@commuternyc
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Federal prosecutors are investigating the GameStop trading frenzy for market manipulation or other misconduct. Where were the regulators when Tesla was being manipulated like crazy? Wasn't any different in 2020! Or $aal and $rcl $htz https://www.wsj.com/...
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@lopezlinette
Linette Lopez
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All we're going to get are more details about how dumb all of this was. https://www.wsj.com/...
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@jasonleopold
Jason Leopold
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GameStop Mania Is Focus of Federal Probes Into Possible Manipulation Justice Department has subpoenaed information from Robinhood Markets, others https://www.wsj.com/...
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@jessefelder
Jesse Felder
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‘Some commentators have said individuals coordinating on Reddit openly engaged in market manipulation. Proving such generally requires showing that traders schemed to create an artificial price and took action to accomplish it.’ https://www.wsj.com/...
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@lisaabramowicz1
Lisa Abramowicz
on x
Federal prosecutors are investigating whether criminal misconduct fueled the rapid rise in GameStop & AMC stocks. “It sounds like the retail guys were a smokescreen for real professionals doing the professional hardball warfare that has always existed” https://www.wsj.com/...