Note: I am not invested in HTZ or GME. This is not investment advice and is in no way to be construed as investment advice.
Websites like r/wallstreetbets can cause herd investments in various stocks.
This is not unique to WSB and also exists anywhere stocks are discussed publicly (twitter has many accounts touting investment ideas).
Recent examples being Hertz and Gamestop:
Are the websites, and the advice they "appear" to give, illegal? Is this market manipulation or could one be accused by posting on these websites as a "market manipulator"?
Or, are the websites fully legal and are just "opinions" that others reading can construe in any way they want.
I am reminded of SEC vs Lebed:
Thank you for your interpretations
Edit Coincidentally, this article just came out: