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by exHFguy1 2812 days ago
Finance people don’t think this type of behavior is OK either despite the ridiculous views of some people here.

BTW, I could similarly make ridiculous statements about technologists or scientists.

I’ve worked number of places and can’t think of a single person out of hundreds that would think this behavior is OK.

1 comments

I know many those who don’t think it’s ok, and are bothered by it, and many who think he is stupid and didn’t do anything particularly wrong. The morality of it is separated from the legality of it.

The defense on this issue is pretty clear cut, raising the price is not illegal. If there is something illegal, then it should be in a regulation somewhere.

If he is doing something the market is open to, then it’s not a problem and he is doing a service by forcing the market or regulators to respond.

Maybe he was a douche about it, but that’s a stylistic issue, not a practical one.

He did get dinged for securities fraud, not price gouging as I recall.