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That's not really what this is about though. It's not about pardon the pun..Robin hooding the wealth from the rich to the poor, it's about casting light on prac
by Avicebron 6y ago
That's not really what this is about though. It's not about pardon the pun..Robin hooding the wealth from the rich to the poor, it's about casting light on practices that are disproportionately in favor of the wealthy. Hence bans on groups trying to do this in clever ways.
- PragmaticPulp 6y agoThat’s the narrative they’re using to convince new players to hold the bag. It’s not true, though. Do you really think Redditors are YOLOing thousands of dollars into a stock with the understanding that they’re going to lose most of it? Are they really spending thousands of dollars on some laughs? No, they’ve been convinced that this trade is free money. They’ve also been convinced this money is coming from evil bad guys, ignoring the influx of cash from fellow Redditors.
- mitch3x3 6y agoNope, a lot of the wallstreetbets community are in this because they recognize that squeezing an over-leveraged short position will make a stock go vertical until bankruptcy or govt intervention. I think they absolutely know they can lose it all. But the risk/reward ratio was so amazing it made sense to throw money at it and see what happens.