This is to document human stupidity. This wasn’t algos or some quant with a fat finger. This is a fat headed fool buying ZOOM on the grey market instead of ZM — because the name of the company is Zoom. God damned these people — fuck off.
Looks like the stock rampaged higher by 130%, before collapsing after buyers found out they were in the wrong stock. Taking a gander on Twitter, I see plenty of people confusing the ticker. Let’s document them now, shall we?
— ?PETITION? (@petition) April 18, 2019
— Paul R. La Monica (@LaMonicaBuzz) April 18, 2019
— Swat Trading (@SwatOptions) April 18, 2019
— Ken Kamada (@kennykamada) April 18, 2019
— Tom Hearden (@followtheh) April 18, 2019
— Crypto Tyrion? – “Hands of Steel” (@Cryptotyrion) April 11, 2019
I’m convinced. @MadMoneyOnCNBC @CNBC @jimcramer @davidfaber you are all implicit in a bunch of people getting tricked/scammed. This is what you have at the bottom of $ZOOM which is not @zoom_us $ZM. You care about clicks, and misleading people is just part of the equation right? pic.twitter.com/gLKmMCVS3W
— Austin Lieberman (@AustinLieb) April 18, 2019