Hybe procured a profit of approximately $87.4 million usd after selling off 19.43% of its shares in SM to Kakao
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yes, they finally did what I want lol
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isn't this market manipulation when you buy shares make a media buzz and fuss about it and then sale it right away for much higher price?!
like what was this called touting or something like that?
It's only okay to company stans. If say Tesla GM Samsung Microsoft did some crazy bidding war with another company with alot of social media beef etc and then afterwards losing and then selling off it's shares in the to be acquired company they'd get demonized for shsre price hiking and quick selling. But HYBE does it and everyone is like OMG genius bang od is God 🤡🤡🤡🤡. It's like the elon musk cult all over again its disgusting 🤮🤢
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It's only okay to company stans. If say Tesla GM Samsung Microsoft did some crazy bidding war with another company with alot of social media beef etc and then afterwards losing and then selling off it's shares in the to be acquired company they'd get demonized for shsre price hiking and quick selling. But HYBE does it and everyone is like OMG genius bang od is God 🤡🤡🤡🤡. It's like the elon musk cult all over again its disgusting 🤮🤢
Who even stan ceo lol, it's just a clever move because they clearly make a hella profits from it. And as you said, they're not that big to even to effect the market or anyone pay attention to them, so yes genius move tho.
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isn't this market manipulation when you buy shares make a media buzz and fuss about it and then sale it right away for much higher price?!
like what was this called touting or something like that?
NO because Kakao's Tender Offer is in place until the end of the month. So anyone with SM stocks better take Kakao up on their offer because SM stocks will never be that high again and if they dont then it's pure idiocy. I wonder how much shares Kakao will end up with. SM is fukked.
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Wasn't this the result of that Kakao broker company?
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I always thought it was silly of HYBE to go after SM w/o more due diligence and they are lucky they made a profit from the failure to win.
But in reality - some of you keep ignoring SM’s actions that led to the bidding war and actually when CL/SM initially trying to sell SM stocks, HYBE asked for investigation for a potential Market Manipulation etc. LOL
Hybe requests probe into possible SM stock manipulationThe ongoing feud between Lee Soo-man and SM Entertainment will likely continue until the regular shareholders' meeting, slated for March 31.asianews.networkHYBE Selling after lost the bid with KK isn’t market manipulation - it is just capitalism
Re Market Manipulation examples
Market manipulation - Wikipediaen.m.wikipedia.org
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