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Once again, EXTREME greed has lost in the end. Not happy with a billion percent, have to taunt and threaten the big guys. Now millions and millions are lost bec
by overcast 6y ago
Once again, EXTREME greed has lost in the end. Not happy with a billion percent, have to taunt and threaten the big guys. Now millions and millions are lost because of it. Thinking you're going to outlast trillions of dollars is silly.
- Rapzid 6y agoThis whole thing is going to wipe a lot of people out and concentrate that money into a few pockets. Manipulation? Yeah, the people who got in early on WSB egging people to jump into GME at 20x over value in order to "stick it to the man".
- onion2k 6y agoOnce again, EXTREME greed has lost in the end. Traders will see this as a cost of doing business. They will continue to try to do it again and again, because they've done it thousands of times in the past and only been caught out significantly once before (VW in 2008). They definitely haven't lost - the money they use isn't theirs to lose (they just take a percentage of the profit they make, they're not losing their own money) and, more importantly, traders are up hundreds of billions in the past decade or two, so a few tens of billions lost now isn't going to put them off trying again.