Insider Trading Suspected In The Pirate Bay Sale
from the getting-weirder-every-day dept
The whole story of the supposed sale of The Pirate Bay gets odder and odder as more news comes out. Beyond the questionable business model the new owners are discussing, now comes the news that trading in GGF shares were halted prior to the transaction due to suspected insider trading. There was an unexplained bump in trading the week before the sale was announced, leading to suspicion that people were trading on non-public news. This could create more problems for GGF. On top of that, the stock exchange GGF is listed on is apparently already threatening GGF for owning The Pirate Bay, noting that it "wants to make sure that the companies that are traded on the list are managing legitimate businesses." Given the conviction against the four people associated with The Pirate Bay, their assertion is that it's not a legitimate business. Honestly, the story is somewhat surreal and feels quite like the trial itself: a lot of people not really taking things seriously.