Charles Gasparino the stock basher
Charles Gasparino intensifies his criticism against retail investors investing in meme stocks
Who is Charles Gasparino?
Charles Gasparino is an American financial journalist, author, and television personality. He is a senior correspondent for Fox Business Network and frequently appears on Fox News as a contributor. Gasparino has written several books on finance and business, including "Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors." He has also worked for other major news outlets, including CNBC, Newsweek, and The Wall Street Journal.
What is a stock basher?
A stock basher is a person or entity that spreads false or negative information about a particular stock or company to manipulate the stock price and cause it to decline. This is often done through online forums, social media, or other communication channels.
In the United States, it is illegal to engage in this type of behavior under the securities laws, specifically under Section 9(a)(2) of the Securities Exchange Act of 1934. This law prohibits any person from making any untrue statement of material fact or omitting a material fact that would make a statement not misleading, in connection with the purchase or sale of any security.
The law also prohibits any manipulative or deceptive device or contrivance in connection with the purchase or sale of any security. This includes the dissemination of false or misleading information about a stock or company to manipulate its price.
Violations of this law can result in civil or criminal penalties, including fines and imprisonment.
Charles Gasparino Conflict of Interest
Charles Gasparino is a well-known senior correspondent for Fox Business Network and Fox News Channel, covering major events in the world of finance and politics. Recently, there have been concerns regarding Gasparino's potential conflict of interest due to his wife, Virginia Juliano, owning a streaming service company. This has raised questions among retail investors about Gasparino's objectivity in his coverage of certain companies, particularly AMC Entertainment.
In addition, Gasparino has been criticized for expressing his views on shorting AMC Entertainment without taking into account his interests, which has led some to view him as a "stock basher." A stock basher engages in illegal market manipulation to lower the price of an asset, often through misinformation campaigns. They spread exaggerated claims about publicly traded companies to devalue their stock and benefit from a price decrease.
Gasparino has also been accused of unprofessional behavior towards retail investors, particularly those invested in "meme stocks" such as AMC Entertainment. He has been known to taunt and troll the "ape community" on social media, attacking retail investors and their investment strategies.
The conflict of interest arises from the fact that Juliano's streaming business has a vested interest in the success of streaming services at the expense of traditional movie theaters such as AMC Entertainment. Gasparino has been defending short-sellers and asserting that AMC Entertainment has no chance against streaming services, despite his wife owning a competitor company. This has led to concerns that Gasparino is not providing unbiased coverage of AMC Entertainment and may be using his platform to influence viewers with his agenda.
The situation was further exacerbated when Gasparino tweeted that his lawyer would contact an AMC shareholder named Kat Stryker when they discussed the topic. This has led to calls for Fox Business to take action and for Gasparino to be removed from his position due to his potential conflict of interest and unprofessional behavior towards retail investors.
Charles Gasparino Tweets
Charles Gasparino, the senior correspondent for Fox Business Network and Fox News Channel, made a tweet claiming that he had a conversation with Kenneth Griffin, the CEO of Citadel LLC, which is one of the hedge funds that is rumored to be shorting AMC Entertainment and GameStop.
The tweet caused quite a stir among retail investors who have been following the ongoing drama between these hedge funds and the online trading community. Gasparino's tweet raised concerns about the possible collusion between financial journalists and hedge funds, especially since Citadel LLC has been accused of using its financial power to manipulate the market and control the price of certain stocks.
Many retail investors were quick to criticize Gasparino for his tweet, with some accusing him of using his position as a journalist to spread misinformation and manipulate the market in favor of his sources. This has raised questions about the ethics of financial journalism and the need for transparency in the industry.
It was announced shortly after that Citadel is currently under investigation.
Retail investors played a crucial role in preventing AMC Entertainment from bankruptcy and saving the chain of movie theatres from collapsing. However, some hedge funds, such as Melvin Capital, attempted to drive the company into bankruptcy by overleveraging their positions. Melvin Capital was forced to accept a lifeline from Citadel Securities to avoid closure.
Meanwhile, Charles Gasparino, a vocal supporter of short sellers, has used his platform in the media to discourage investors from buying AMC stock. Despite these efforts, retail investors have persisted in their efforts to support AMC and prevent it from falling victim to the manipulation of hedge funds.
Charles Gasparino made Threats to the AMC investors
Charles Gasparino, a well-known journalist, has made inappropriate and insensitive comments on social media about assisting people with suicide. A screenshot of one such tweet has been circulating online, drawing criticism from many who find such humor inappropriate and offensive. This kind of language is not only distasteful but also potentially harmful, especially considering the rising rates of suicide in the United States. As a journalist with a significant following, it is essential to recognize the impact of one's words and actions and to use one's platform responsibly. It should be noted that some of these tweets go back as far as 2014.
In addition to the concerning suicide jokes and potential conflicts of interest, there are further issues that have come to light. A particular investor, who goes by the username acuntex on Reddit, has created a comprehensive picture of the extent of this corruption. The evidence presented in the image demonstrates that Charles Gasparino has much to answer for.
One significant example of his questionable behavior is the collusion with Jim Chanos, a hedge fund CEO known for being anti-AMC. This collusion was highlighted in a tweet supposedly by WallStCynic, an alias for Jim Chanos on Twitter. Such collusion raises questions about Gasparino's credibility as a journalist and his objectivity.
Chanos has publicly stated that he is a short seller in AMC theatre , which raises serious suspicions about their intentions and actions towards the industry, especially considering the false information being spread.
Furthermore, Gasparino has also been implicated in potential stock market manipulation. The example above shows that he colluded with Jim S. Chanos to present a false image of an empty AMC theater, allegedly taken just moments before a movie titled "Free Guy" was being shown. This raises concerns about whether Gasparino is involved in paid stock bashing, an unethical practice that manipulates stock prices for personal gain.
All in all, the evidence suggests that Charles Gasparino's actions require closer scrutiny.
It has been noted that Charles Gasparino has been engaging in a questionable practice of mass deleting his tweets. This has raised eyebrows among those who follow his online activity, particularly given the recent controversies surrounding his tweets. It is worth noting that the act of mass deleting tweets can be seen as an attempt to erase evidence or cover one's tracks. In this case, it has led some to question the motives behind Gasparino's actions and what he may be trying to hide. The deletion of tweets may also be viewed as an attempt to evade accountability for one's actions. Whatever the case may be, the act of mass deleting tweets does not inspire confidence in Gasparino's transparency and raises further questions about his credibility.
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