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> also GME is over $200 currently, when it was $10 a year ago And they got there by running a sustainable and profitable business? No, they got there because R
by freeflight 5y ago
> also GME is over $200 currently, when it was $10 a year ago
And they got there by running a sustainable and profitable business? No, they got there because Reddit decided to play their own little game of pump&dump.
Which is yet another blatant example of how decoupled the stock market is from the actual real world economy.
- qorrect 5y ago> little game of pump&dump Actually the game was buy and hold ( diamond hands ), and only because they saw an enormous amount of shorts outstanding, so much so that a squeeze was all but guaranteed.