Hacker News new | ask | show | jobs
by HNfriend234 1941 days ago
If you look at the list of stocks you can all see they are super super tiny companies so likely it is fraud schemes aka pump and dump. That's when a small group of people (typically) organize an effort to pump a stock using false information. Since these stocks are so small, even getting a few amount of small investors to buy in could result in significant profits for the fraudsters. Doing a pump and dump on a stock like GME would be extremely difficult to pull off.