4 ms·

The titular sentence does not deliver.

• Wowfunhappy 6y ago
  I thought it was pretty good, actually. > The GameStop saga is a ludicrous stock mania born of pandemic boredom and FOMO, piggybacking off of a clever Reddit revenge plot, which targeted hedge funds, who made a reckless bet on a struggling retailer—and it’s going to end with lots of people losing incredible amounts of money.
  • mey 6y ago
    Only thing it's missing is the people profiting of the pump (early boosters) and it sounds like Citadel who could sit in a favorable position in the margins handling execution. https://www.wsj.com/articles/gamestop-frenzy-puts-spotlight-on-trading-giant-citadel-securities-11612089000 https://www.wsj.com/articles/gamestop-frenzy-puts-spotlight-...
  • Tenoke 6y ago
    The pandemic boredom was a minor part - WSB have been doing plays from before and steadily growing. The revenge plot piggybacked off the initial play. It also misses on key parts.
• jackfoxy 6y ago
  Oh, actually it does deliver the message the MSM lackeys of the establishment are spreading. It was lacking the racism/alt-right component, but that message is targeted for a more specific echo chamber.
  • jackfoxy 6y ago
    Ok, yeah, I broke the rules. The guy has to make a living. And I am always sympathetic to that. But consider the publication that published this.