The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, say court filings by the SEC.
The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, according to court filings by the S.E.C. and the Justice Department.
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Meet the ‘finfluencers’: The Wall Street novices shaking up the financial world
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By Tara Siegel Bernard
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In March 2020, Kiersten Crum was a stock market novice. The pandemic had forced her college classes online, her father’s bar was temporarily closed and she started working at a grocery store to earn extra cash. With $US500 ($641), she bought shares of the Carnival cruise line, her first foray into stocks.
Now she has a five-figure stock portfolio, she is in the middle of a gap year to focus exclusively on trading and her online presence be it on Twitter or TikTok is fully turned over to what she calls her stock market obsession.