[ryandrake]

Unpopular opinion but I’m coming up pretty short on sympathy for someone trading stocks based on a few words in a tweet and then losing their shirt. These people are grownups and fully aware of the risks they are taking when they walk into the casino. Nobody is forcing them to read twitter or take it seriously as a source of investment advice.

The $420 thing didn’t hurt grandma’s pension fund or long term buy-and-holders. It hurt day traders, options traders, shorts, and other gamblers.

[camjohnson26]

I'm sorry but this kind of thinking is so dangerous. Pumping hurts anyone who buys it after the pump, including grandma's pension fund, because now they're buying it at an artificial value.

Traders have a right to accurate information from the officers of the company, which is the whole reason we have regulations in the first place.

[Proziam]

Pension funds don't buy the most shorted equity on the market, typically. He's right that the people most affected were in effect gamblers. They gambled on the 5k number happening or not and got creamed in aftermath.

[CPLX]

You don't want to live in a world where corporate officers of publicly traded companies can make completely false statements about funding events without severe consequences.

You really just don't actually want that.

[esotericn]

Sure. But this can be dealt with via the legal system.

Do the thing, get fined (obviously we should set the fine high enough that it's more than a speed bump), sorted.

We don't want the thing to happen because it causes inefficiency in markets, bad outcomes, etc.

Moralizing it doesn't really serve a purpose.