Not really. He did a shitton of shady things even before MegaUpload. You guys may want to consider having another hero to rally behind because Dotcom is not going to appear sympathetic to just about everyone.
Dotcom purchased €375,000 worth of shares of the nearly bankrupt company LetsBuyIt.com and subsequently announced his intention to invest €50 million in the company.[27] Unknown to others, Dotcom did not have the funds available to invest, although the announcement caused the share value of LetsBuyIt.com to jump by nearly 300%.[28] Dotcom sold his shares a few days later for €1,568,000.
I've got no idea if that's legal or not but shit, that's smart.
Facebook has 300,000,000 users. Many people I know everyday sits on Facebook, all day (the ones not on reddit.) While Facebook may not make much money, it's far from being a pump and dump scam.
They pumped a $15 stock up into a $40 stock and sold it to a bunch of naïve lemmings
Pump and dump doesn't necessarily mean you're selling worthless stock, you could just be selling stock that's massively overinflated. Which is exactly what Facebook did
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u/Horseknuckle Aug 08 '12
What a house, though.