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coweatyou t1_j0qet3v wrote

Reply to comment by SvenTropics in Social media influencers are charged with feeding followers ‘a steady diet of misinformation’ in a pump and dump stock scheme that netted $100 million by Wagamaga

Cramer doesn't own any of the stocks he picks. (for this very reason. It's not a pump and dump if you aren't pumping).

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turtle4499 t1_j0rdr24 wrote

He can and does own stocks he picks he also discloses this. Further he isn't literally buying the stock, going on tv talking about the stock and then selling his stock. There is a clear cut difference between discussing companies and your opinions on them and pump and dump. The difference is intent. These people intended to manipulate the asset price and sell their assets after the price rose.

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