Matt Levine correctly notes that US securities laws were designed for an era with material direct retail investment in firms and that that era is over. https://www.bloomberg.com/amp/view/articles/2018-02-23/can-kardashians-trade-on-tweets?__twitter_impression=true … I am of two minds on this.
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Looks like you forgot the
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Not almost, actual - remember the “penis” one?
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Parity made a lot of sense there too.
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