Insider trading is supposed to be illegal. It’s supposed to be a crime. And it’s one of those things that are illegal across the board… and borders.
Inside trading is a punishable offense in most countries where trading takes place.
BUT, insider trading happens all the time. Constantly. Politicians do it all the time, and they get away with it.
On today’s episode of the saga, we need to talk about Rivian.
Like most EV startups that went public, Rivian debuted with largely overpriced stock value.
But the price went down quite rapidly because, again like basically all startup EVs that went public except for Tesla, they didn’t deliver.
Rivian loses a colossal amount of money on each car they deliver, and they don’t deliver that many cars to begin with.
However, some people believe that companies like Rivian can only get bigger in the future, which is understandable.
And one of those people is Oliver Blume, CEO of VW Group.
VW partnered up with Rivian, which obviously caused the price to skyrocket.
Over the last 24 hours or so, several people turned $100k into $2 million.
One guy bought Rivian calls for $0.12, worth around $5.3 now.
So he made $2 million in five hours. Are we surprised?
bitcoinea 
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