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by dallashoxton 2663 days ago
You're acting as if market manipulation is some far-out conspiracy theory rather than something relatively common. I don't think it takes a "kabal of evil geniuses" to dupe a few credulous journalists who are incentivized and looking for a scoop by forging some documents. There are far more complex market manipulation conspiracies that are well-documented (see: LIBOR scandal)

Furthermore, why haven't we heard anything from the SEC? They are an increasingly transparent organization. Why haven't they issued a press release or published their court filings on their website? Are we supposed to just trust a journalist's word and ability to verify that an anonymous "source familiar with the matter" isn't just bamboozling them?

3 comments

C'mon, mate. Someone linked you to Musk himself commenting on this story. The "faked court docs" conspiracy theory dies definitively there. https://twitter.com/elonmusk/status/1100215984713957376
> You're acting as if market manipulation is some far-out conspiracy theory rather than something relatively common.

of course it's common.

https://twitter.com/elonmusk/status/1026872652290379776?lang...

There's one excellent example of illegal market manipulation.

> You're acting as if market manipulation is some far-out conspiracy theory rather than something relatively common.

Something of the scope you're suggesting has literally never happened, as far as I am aware. Certainly not recently (i.e. last forty years) in the US. Bet ya fifty dollars the SEC did in fact send this show-cause order.