Jul. 4 at 7:44 AM
$LABT Grok it!
What Happened / In early July 2026 (very recent), false rumors of a stock offering (dilution) circulated on X/Twitter and trading communities. Traders quickly identified it as fake news posted by "clowns" or scammers trying to manipulate the price downward.
Multiple traders called it out as fabricated to trigger selling or cover shorts.
This happened amid low float/high borrow fees, leading to short squeeze talk and volatility.
The company itself had no such offering announcement — the rumor was debunked as misinformation.