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You want to know what it looks like is happening now though? It looks like these peeps are weaponizing the sub to their own benefit in the name of "sticking it

by Rapzid 6y ago

You want to know what it looks like is happening now though? It looks like these peeps are weaponizing the sub to their own benefit in the name of "sticking it to the man". Everything about this smacks of a massive, crowd sourced "market manipulation" under the guise of righteousness. All the people screaming "YOLO I can't care if I lose X" seem to be missing the fact that their money isn't "lost"; it is ending up in the pockets of a few at their expense.

piva00 6y ago
From what I gather in WSB (I lurk there a lot) it seems more that a lot of people are very aware that money will change hands, might go into other rich people's pockets but they simply don't care, if they fuck up one or more rich folks while enriching others, they don't care. If some normal people make a lot of money out of this they are happy enough. It's fascinating to see how many people really just want to fuck with the rich and how many care about normal people getting life-changing money. It's much more altruistic than I imagined.
- antihero 6y ago
  Absolutely. I think generationally we're sick of old rich people owning everything and dictating how things should work, electing backwards idiots, doing things like brexit, and forcing us to rent every god damn part of our lives from them. Democracy is at present failing us hugely, and if something like this can start to hit the ownership class where it hurts, I'm all for it. I chucked in £30 on Free Trade. I don't care if I get that money back. I just want to see the rich people suffer a bit, know that they don't have all the power.
- Rapzid 6y ago
  I suspect a lot of people are just trolls trying to convince others to jump in so they can improve their positions.
imtringued 6y ago
>it is ending up in the pockets of a few at their expense. Everyone is aware of that. The group of people that will get rich are those who bought the stock 2 weeks ago or earlier. Heck, when someone put their entire life savings in ornamental gourd futures WSB crapped about that person saying how stupid that was. They aren't stupid. They are fully aware of what they are doing.

by Rapzid 6y ago

piva00 6y ago

From what I gather in WSB (I lurk there a lot) it seems more that a lot of people are very aware that money will change hands, might go into other rich people's pockets but they simply don't care, if they fuck up one or more rich folks while enriching others, they don't care. If some normal people make a lot of money out of this they are happy enough. It's fascinating to see how many people really just want to fuck with the rich and how many care about normal people getting life-changing money. It's much more altruistic than I imagined.

antihero 6y ago
Absolutely. I think generationally we're sick of old rich people owning everything and dictating how things should work, electing backwards idiots, doing things like brexit, and forcing us to rent every god damn part of our lives from them. Democracy is at present failing us hugely, and if something like this can start to hit the ownership class where it hurts, I'm all for it. I chucked in £30 on Free Trade. I don't care if I get that money back. I just want to see the rich people suffer a bit, know that they don't have all the power.
Rapzid 6y ago
I suspect a lot of people are just trolls trying to convince others to jump in so they can improve their positions.

imtringued 6y ago

>it is ending up in the pockets of a few at their expense. Everyone is aware of that. The group of people that will get rich are those who bought the stock 2 weeks ago or earlier. Heck, when someone put their entire life savings in ornamental gourd futures WSB crapped about that person saying how stupid that was. They aren't stupid. They are fully aware of what they are doing.