Is "Pump and Dump" As Gross As It Sounds?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 28 March 2022

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s Money Rehabber wants to know: WTF does it mean to “pump and dump” crypto? In her words, “It sounds like something your mom would say during a sex talk.” But it’s not. Or, at least, not exclusively. Today, Nicole explains. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.0	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.7	Dean and should I have a 401k cuz then I don't do it?
0:12.6	No, I know.
0:15.1	I don't think the whole world will walk around you on your money.
0:17.6	What a dumb shit.
0:19.6	Charge for wasting our time.
0:23.8	I will take a check.
0:24.8	I don't want to get paid.
0:26.8	You recognize her from entering on CNN, CNBC and Bloomberg.
0:31.3	The only financial expert you don't need a dictionary to understand.
0:35.5	The cold lap in.
0:37.0	So I got this hilarious and not suitable for work as the kids these days say.
0:42.7	Question from a money rehabber.
0:44.7	I'm just gonna get into it. Here she is.
0:48.7	Hey Nicole, I've been hearing the phrase pump and dump a lot around crypto.
0:51.7	Like I saw a little while back the Kim Kardashian Floyd marry whether we're getting sued for a pump and dump scheme.
0:56.2	It sounds like something your mom would say during a sex talk like boys only want one thing.
1:00.3	He just wants to pump and dump.
1:01.8	But I'm fairly sure that's not what this means in the finance world.
1:04.5	So what does it actually mean?
1:06.5	Money move or a frappway strategy?
	...

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