this post was submitted on 20 Dec 2023
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chapotraphouse
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Shockingly no, insider trading applies to "material, nonpublic information" about the company and its economic actions. If you're trading based on advance knowledge of a subscription price hike or a change in recipe, that's insider trading. If you're trading based on people getting mad for literally no reason or a company's continued compliance with a law or social norm, that's not insider trading.