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> Gamestop is nowhere near bankrupt > On their current trajectory they will go bankrupt ...what? this whole thing started because some high-profile redditors
by kryogen1c 6y ago
> Gamestop is nowhere near bankrupt
> On their current trajectory they will go bankrupt
...what?
this whole thing started because some high-profile redditors were bullish on GME, and then it turned into an anti-1% movement once the short positions were discovered.
so, there are two activities: speculation and investing. the whole problem here is that unwitting retailers were tricked, thinking they were investing when really they were "speculating" (more accurately called a pump and dump scheme). now its morphing into this "jail the oligarchs" nonsense because the people that lost money think they were wronged, when really it was their own damn fault the whole time.
- ncallaway 6y ago> > Gamestop is nowhere near bankrupt > > On their current trajectory they will go bankrupt > ...what? This doesn't seem hard to reconcile. If I leave Seattle driving east my current trajectory takes me to New York. But I'm not yet near New York.