Comment by nosuchthing

Manipulating the The Keynesian Beauty Contest is the metagame, especially after the era of /r/Wall-street bets swelled up. What do you think Jim Kramer gets paid to do, report facts?

By 2017 teenagers were running quantitative trading algorithms and semantic analysis trading bots they found from influencers and github. Around that time private subscription fee telegram and discord "whale" insider trading groups often had multiple levels of insider trading market manipulation running pump and dump schemes. Marks would pay to join the private chat group and at a certain time of day a ticket symbol would be released for "insiders" to buy before it's promoted in public channels. The outer circle was just providing liquidity for the deeper insiders to exit with easy profit.

Most VC gambits are not much different. Sell the news. Unleash the rumors.