this post was submitted on 07 Dec 2024
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296
Teen creates memecoin, dumps it, earns $50,000 (arstechnica.com)
submitted 2 weeks ago by shoulderoforion@fedia.io to c/technology@lemmy.world
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Unsurprisingly, he and his family were doxed by angry traders.

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[–] yeahiknow3@lemmings.world 2 points 2 weeks ago* (last edited 2 weeks ago)

Absolutely. Speculation on the stock market used to be illegal until the 80’s, meaning that investments had to be based on a company’s tangible performance. No options (until 1973), no stock buybacks (until 1982), even the rules for short selling were different.