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They missed the biggest idea of 2021 - Gamestop!
by avrionov 6y ago
They missed the biggest idea of 2021 - Gamestop!
- trhway 6y agoPower of the hive mind - the cloud of angry bees killing a bear. The WSB today is a fascinating read, kind of a small window into that mind. One thing when crowd decides to virtually character/twitter assassinate somebody, and another when they intentionally impact several $B losses to hedge funds (classic asymmetry - a bee can lose all its money, few grands, etc. and the loss of a number of bees wouldn't really affect the power of the hive while the single loss of a few $B can be a mortal wound to the bear). A power just a couple steps below say changing a government. No wonder that the best minds in tech are working on harnessing that power.