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Teen creates memecoin, dumps it, earns $50,000
(arstechnica.com)
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this post was submitted on 07 Dec 2024
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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.