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It didn't start as a pump and dump. It started last year with a guy who invested progressively more because he felt it was undervalued based on fundamentals. W

by na85 6y ago

It didn't start as a pump and dump. It started last year with a guy who invested progressively more because he felt it was undervalued based on fundamentals. Whether or not Elon's tweet brought in a bunch of people who want it to be a pump and dump is another story.

wolverine876 6y ago
What was Elon's tweet? I don't really follow these things, sorry.
- dorkwood 6y ago
  He tweeted "Gamestonk!!"
shrimpx 6y ago
The scheme was already well underway when Elon tweeted.
- na85 6y ago
  I mean it's a bunch of people memeing on a stock. To call it a scheme isn't really accurate.
  - shrimpx 6y ago
    True. But it’s more than memeing a stock. They’re doing it knowing that these hedge funds will have to gobble up stock to close their shorts.