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1. Ars Technica (arstechnica@mastodon.social)'s status on Tuesday, 02-Jul-2024 06:20:35 JST Ars Technica

   Lawsuit accuses Roaring Kitty of deceiving his meme stock army

   Lawsuit: Roaring Kitty targeted followers with GameStop pump-and-dump scheme.

   https://arstechnica.com/tech-policy/2024/07/lawsuit-accuses-roaring-kitty-of-deceiving-his-meme-stock-army/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

   • Daniel Marks (profdc9@mastodon.social)'s status on Tuesday, 02-Jul-2024 06:41:22 JST Daniel Marks

     in reply to

     @arstechnica Probably all of the people buying on Kitty's prompt thought they were getting in early too, and they would pump-and-dump the late ones. It's market nihilism: a vast army of swindlers buying and selling worthless tokens in a zero-sum game.