7 ms·
Here's my hot take: they're victims of a pump-and-dump, only instead of enticed by the promise of a get-rich-quick scheme, they're experiencing groupthink while
by kminehart 6y ago
Here's my hot take: they're victims of a pump-and-dump, only instead of enticed by the promise of a get-rich-quick scheme, they're experiencing groupthink while people encouraging and controlling this narrative are running away to the bank.
- MegaButts 6y agoThere is definitely a ton of shilling on /r/wsb and people outside thinking there is any single collective entity are ridiculously wrong. Some people are pushing pump and dumps to make money. Some are ignorantly following along. Some genuinely treat it like a gambling addiction and enjoy it. The GME thing though is unique, and there really is a narrative to hurt hedgies (in addition to all of the above).
- jjoonathan 6y agoYep. One hedge fund lost billions while a dozen more who could spare the effort to model these pumps made away with every penny the "rebels" spent!