Is The GameStop Surge A ‘Pump And Dump’? No Evidence Indicates That Yet.

Now that the GameStop stock surge has reached full peak, opponents of WallStreetBets – the Reddit board that championed the movement – have been denouncing it as a “pump and dump,” a criminal scam that could mean jail time for those who spearheaded it.

“Sorry family, but Game Stop fiasco was nothing more than a Pump and Dump scam from Reddit and WSB. Sadly lot of unknowingly trend followers will probably go broke from it. But hey, Reddit CEO made millions off of it,” said one Twitter user.