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The vast majority know what they are doing here, I took a tiny fraction of my money and bought in - less than I would spend on a family meal out. I assume I los

The vast majority know what they are doing here, I took a tiny fraction of my money and bought in - less than I would spend on a family meal out. I assume I lost it but it’s fun to have some skin in the game for the ride. Some people are putting silly amounts in but they know they’re not investing based on market fundamentals, they want in on the ride and they know they can loose it all. The issue here is the clear protections/options in place for hedge funds that they can use when they feel a squeeze but absolutely no protection for average joe investor when these guys try to short an otherwise viable business going through a rough patch. GameStop and Blackberry are in the middle of a turn around, shorting them and then telling the market they are failing is unethical and if they feel a bit of pain at the moment then good.

Cd00d 6y ago
I know GameStop brought in new leadership, but a turn around is a reach, in my opinion. To me, GameStop is the mall store (problem), that required me to pre-pay for product expected to be wildly popular (problem), offers me $2 for physical media (problem^2) so that when I go in they can offer me used for $58 instead of new for $60 (problem). The future of gaming is downloads and streaming. GameStop may be able to generate revenue for a while selling used last gen systems while the current new consoles launch, but there's nothing about their position or business model that has a strong future. Plus, I'd say their long history of horrible customer satisfaction mean they don't have the brand loyalty for a pivot/reboot. I don't think it's unethical to short that.