5 ms·

I've read /r/wallstreetbets -- it's about the money.

• fortran77 6y ago
  I see a lot of young get-rich-quickers there. People who want to do things like borrow money to short stocks with.
  • KLexpat 6y ago
    https://www.reddit.com/r/wallstreetbets/comments/l6omry/an_open_letter_to_melvin_capital_cnbc_boomers_and/ https://www.reddit.com/r/wallstreetbets/comments/l6omry/an_o... I'm not so sure
    • netsharc 6y ago
      Populist anger found a new weapon: money. Plus good old social media manipulation.
      • rcxdude 6y ago
        And perhaps money found a new weapon in populist anger.
        • boringg 6y ago
          I just hope it doesn't get co-opted by the "alt-right" or other political groups. Also get ready for the 100+ opinion pieces on every media platform about this so everyone can get their ad dollars.
          • deleted 6y ago
            [deleted]
          • KLexpat 6y ago
            It won't, but the media will blame it on the alt-right. "White privileged mcdonalds workers oppress poor minority new york billionaires with their greedy market manipulation! "
• loceng 6y ago
  Apparently there's an early buyer of one of these stocks who made $40 million off of it; I last read they only sold $14 million of their position so far.
  • giu 6y ago
    Yep, that buyer is https://twitter.com/theroaringkitty https://twitter.com/theroaringkitty Here [0] he talks the first time about the GME stock; the video was uploaded on the 28th of July, 2020 and the stock was at $4.03 back then. Here [1] you can find his latest GME update; he's sitting on $50 Mio. right now, although it's quite volatile. Here [2] you can see a post from his Reddit account on November 2019 showing his GME calls. It's just crazy and fascinating at the same time. [0] https://www.youtube.com/watch?v=GZTr1-Gp74U https://www.youtube.com/watch?v=GZTr1-Gp74U [1] https://www.reddit.com/r/wallstreetbets/comments/eick65/gme_yolo_monthend_update_dec_2019/ https://www.reddit.com/r/wallstreetbets/comments/eick65/gme_... [2] https://www.reddit.com/r/wallstreetbets/comments/e3kpbc/gme_yolo_monthend_update_nov_2019/ https://www.reddit.com/r/wallstreetbets/comments/e3kpbc/gme_...
    • loceng 6y ago
      You just need a single person who's paying attention and understands these arguable flaws, pitfalls in the status quo system, they get rewarded by being able to get in early - and then they can educate a highly organized and motivated group of retail investors who are happy to rally - especially against a system that has fucked over the majority of people.
  • Medox 6y ago
    https://www.reddit.com/user/DeepFuckingValue https://www.reddit.com/user/DeepFuckingValue