• TehPers@beehaw.org
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    8 months ago

    If thousands of people contribute to it, even if it is insider trading, can it be reasonably investigated and prosecuted?

    But more seriously, not a lawyer, but no I don’t think so. The users don’t know any non-public business information about future Reddit business decisions (i would assume) and compete fairly with other potential shareholders. It’s not like other shareholders couldn’t do the same thing, after all.

    • jarfil@beehaw.org
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      8 months ago

      In the MOONs sunsetting, some moderators got a 1 hour advance warning before the public announcement… and some sold before it was made.

      For the IPO, it would depend on the kind of user: if some mods decided to short Reddit, then stage a sub locking protest like during the APIcalypse, they would have both information and means not available to other public investors.