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> Ideally finance is meant to be about allocation of capital. If a market is allocating capital to a dying company just because meme, then the market isn't serv
by baybal2 6y ago
> Ideally finance is meant to be about allocation of capital. If a market is allocating capital to a dying company just because meme, then the market isn't serving its purpose.
Do you believe in it's right to give power to somebody, whether it will be a government, private party, or a class to rule over allocation of capital, and decide whose capital allocation is good, and whose capital allocation is bad?
There is a country that tried, they name to it was USSR.
- nsonha 6y agoAn internet community is "somebody" with a selfish interest that might go against the interest of the wider public.
- elindbe3 6y agoSo is any group of people, including hedge funds and the government as we've seen over and over and over again.
- nsonha 6y agoyes, we don't want stock manipulation from anyone. A small group of retail investors can't manipulate stock so they can be exempt. This group however just proved that they can.