Daily Discussion Thread - February 10, 2020

Hypothetical question: Say I have an old high school friend on Facebook who works for a publicly traded airline company. He has apparently worked on some of the new-ish projects that the company has in the pipeline.

He occasionally posts public status updates about the progress of the new aircraft project he has been a part of. My question is: if I act on this information, say I buy calls if I know (from his posts) that this company is going to test fly something this week and that may affect their share prices positively, does that constitute insider trading to the SEC?

He's not explicitly giving me this information, yes posting it publicly for the world to see because he's retarded. I'm not sharing this info with others. I don't even have direct contact with him, we haven't spoken in like 8 years. Is it legal for me to take the information he shares into account for my own investment strategy?

/r/wallstreetbets Thread