3 ms·
Perhaps this is proof regulations on the market should be stricter, then. After all, if a bunch of barely coordinated randos on the internet can do this through
by dixego 6y ago
Perhaps this is proof regulations on the market should be stricter, then. After all, if a bunch of barely coordinated randos on the internet can do this through the power of 'meme magic', imagine what people with real resources and power and influence could do.
- Dirlewanger 6y ago>imagine what people with real resources and power and influence could do. You mean what they already have been doing for decades? Are you seriously in favor of clamping down on retail investors??
- drewcon 6y agoWho has been doing this for decades? When has "Wall st." coordinated a random attack to squeeze cash out of an entity just for the hell of it? You may disagree with the outcomes of short pressure, or private equity actions etc., thats fine, but I think there is an important distinction between actors in the market doing something profitable because they actually believe it, and the hysteria of a mob just randomly committing financial mayham because they can. I don't think we want to live in a world where markets are increasingly led by irrational forces simply amplified by media and misinformation...its not good in media right now, I shudder to think what happens if that behavior gets a foothold in markets.