TED Conversations

Laurens Rademakers


This conversation is closed.

"Fund-raising" via crowdsourced artificial shocks on the stock market

I'm not an economist, so please down this idea immediately if it makes no sense!

This is about a coordinated way to create shocks on a market, and to profit from them.

Crowdsourced speculation, say.

-Suppose you have a website where people gather because they want to make money for charities or for particular actions
-Each member connects to a stock market, allowing him or her to buy stocks
-When money needs to be made for a particular charity or action, the website decides to shout out "BUY" and then mentions the name of the stock
-If there are enough members and they all follow the order immediately, the stock price will shoot up
-After a while, the website shouts "SELL" and members would make cash

The cash is then donated to the charity or the action.

I'm not sure if this is legal, though. :-)


Showing single comment thread. View the full conversation.

  • Jun 6 2012: If you think it might be illegal, it probably is. And remember, every buy or sell comes at someone's expense. You'd have to decide the ethics for yourself.

    Doug Bell

Showing single comment thread. View the full conversation.