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My suspicion, which I don't have data to support, is that retail investors where largely screwed over by other retail investors.
by nrmitchi 5y ago
My suspicion, which I don't have data to support, is that retail investors where largely screwed over by other retail investors.
- JustinAiken 5y agoOther retail investors weren't the ones that disabled the buy button. Of course artificially removing all demand is going to tank the price. Retail got screwed, and it wasn't by retail.
- tedunangst 5y agoThey disabled the buy button when GME was over 400. But now the buy button is back and you can get twice as many shares for the same money. Sounds like a bargain!
- jw1224 5y agoThe price was going up by $10s of dollars per minute in January. It was a short squeeze of unprecedented scale — the first widespread opportunity for wealth redistribution of its kind, thanks largely to social media. Where “Occupy Wall Street” failed, “Liquidate Wall Street” was winning. The hedge funds blatantly rigged the public trading system to avoid bankruptcy. I can’t believe so many people still defend them.