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Inside Traders Made $250,000 off of EA/Take-Two talks
Uh-oh, looks like some people are about to get into big trouble. I’m too stupid to know about the stock market and inside trading, but there are others that use their knowledge for evil…like inside trading.
The Securities and Exchange Commission says day traders who were tipped off about EA’s interest in the videogame company ended up making $250,000 on the deal.
Obviously, that deal never went through…but there were some people that were going to make money no matter what!