Jan 27, 2021·1 reply
Jan 27, 2021·1 reply
Synopsisits literally all just a bunch of made up s*** with no rhyme or reason. a bunch of ppl just manipulating money
Yeah and it's awesome
- Jan 27, 2021Benjy
Yeah and it's awesome
its a ridiculous system.
Jan 27, 2021
Sand ManNo. Gamestop isn't a company with a bright future.
The opposite. Hedge funds were betting against growth in the share price and it went to the moon yesterday.
lmao
Jan 27, 2021·1 replySynopsisits literally all just a bunch of made up s*** with no rhyme or reason. a bunch of ppl just manipulating money
professional gambling
Jan 27, 2021Synopsisas if anyone needed to be reminded that the stock market is fake lmaoo
- Jan 27, 2021
Memecoin, buut the businesses are the coin
- Jan 27, 2021onetwo
professional gambling
- Jan 27, 2021·4 replies
made 68k off dis s***
Jan 27, 2021RX Digglermade 68k off dis s***
living up to the username
- Jan 27, 2021
Power to the people!
- Jan 27, 2021RX Diggler
made 68k off dis s***
Ohmygod thats some good s*** my man
- Jan 27, 2021·2 repliesSynopsis
its literally all just a bunch of made up s*** with no rhyme or reason. a bunch of ppl just manipulating money
It's a mechanism designed for enterprising people to raise capital.
People like Bernie Madoff and Martin Skhreli eroded trust in it.
- Jan 27, 2021·1 replySand Man
It's a mechanism designed for enterprising people to raise capital.
People like Bernie Madoff and Martin Skhreli eroded trust in it.
lmao man
Jan 27, 2021·1 replyUndecided
- Jan 27, 2021·2 repliesSynopsis
lmao man
Why are you acting incredulous?
A country becomes prosperous when they efficiently allocate capital where it's needed.
- Jan 27, 2021·1 replySand Man
Why are you acting incredulous?
A country becomes prosperous when they efficiently allocate capital where it's needed.
something tells me the stock market does not do that
Jan 27, 2021https://twitter.com/TootTootPotato/status/1354162029699989507
nosejabsim crying
- Jan 27, 2021·1 replyinsertcoolnamehere
CNBC trying to blame russians now
- Jan 27, 2021·2 repliesSynopsis
something tells me the stock market does not do that
It's your intuition or factual evidence?
- Jan 27, 2021Undecided
CNBC trying to blame russians now
putin got redditors on payroll
Jan 27, 2021
ASAKIin the simplest way possible that doesn't get into technicalities:
A few people on social media (mostly on /r/WSB) told people to buy into $GME (Gamestop's stock) because it was going to overflow in price.
This cascaded into a lot of people buying into $GME.
A handful of big investment firms predicted that it was a bubble, and shorted the stock, meaning they borrowed shares to immediately sell them. This is basically a bet that the price will dramatically fall soon.
How a short works:
Let's say you borrow stocks at $20, then sell them immediately. When the price drops to $10, you buy those stocks back. Return the borrowed stocks and keep in a profit.
/r/WSB and other social media users realized this was happening, and pushed more and more people to keep buying into $GME, drastically increasing the price and causing massive losses to these investment firms.
Now, these investment firms have their timed "contracts" coming up on the borrowed stocks, with increasing and increasing prices that don't have any signs of falling soon.
For reference, Gamestop stock was maybe $18 a share on a good day. It is now over $300 per share.
That's like the picture since December
businesswire.com/news/home/20190819005633/en
Things started to ramp up in the fall when an accredited name took over Gamestop
Just giving some more context here
Electric 🥀Jan 27, 2021I'm gonna be killing myself for years for not getting in a couple days ago
- Jan 27, 2021·3 repliesSand Man
It's your intuition or factual evidence?
considering that labor creates wealth, not capital, id say its factual evidence.
Jan 27, 2021·2 replieswhy don't I get bailed out when I lose all my money on crypto and stonks
f*** these hedge funds lol
they should have closed their positions not our issue