Wikipedia

2692 readers

209 users here now

A place to share interesting articles from Wikipedia.

Rules:

Only links to Wikipedia permitted
Please stick to the format "Article Title (other descriptive text/editorialization)"
Tick the NSFW box for submissions with inappropriate thumbnails
On Casual Tuesdays, we allow submissions from wikis other than Wikipedia.

Recommended:

If possible, when submitting please delete the "m." from "en.m.wikipedia.org". This will ensure people clicking from desktop will get the full Wikipedia website.
Use the search box to see if someone has previously submitted an article. Some apps will also notify you if you are resubmitting an article previously shared on Lemmy.

founded 2 years ago

MODERATORS

dantheclamman@lemmy.world

Plum@lemmy.world

Pump and dump (en.wikipedia.org)

submitted 1 week ago by AlreadyDefederated@midwest.social to c/wikipedia@lemmy.world

3 comments fedilink hide all child comments

Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump). Once the operators of the scheme "dump" (sell) their overvalued shares, the price falls and investors lose their money. [...]

While fraudsters in the past relied on cold calls, the Internet now offers a cheaper and easier way of reaching large numbers of potential investors through spam email, investment research websites, social media, and misinformation

you are viewing a single comment's thread
view the rest of the comments

[–] ThrowawayPermanente 7 points 1 week ago (2 children)

Politicians are officially discouraged from engaging in this behavior

[–] TrojanRoomCoffeePot@lemmy.world 5 points 1 week ago

"Please don't do that, or we'll be forced to send another strongly-worded letter condemning your activities."

[–] bunkyprewster@lemmy.world 4 points 1 week ago

Ha, ha.. Not anymore