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I think there's still an aspect of inflation going on right now. iirc, DFV's proposition (as also mentioned in the congress hearings) was that it was a $20 stoc
by Macha 5y ago
I think there's still an aspect of inflation going on right now. iirc, DFV's proposition (as also mentioned in the congress hearings) was that it was a $20 stock that should be more like a $50 stock because rumours of the demise of video game retail were overstated. If it wasn't for covid, he was probably right on that.
He just made the case for a stock which he had an investment in, laying out his reasons, and being upfront about his interest in it.
It was the meme brigade that sent it to $400 which obviously DFV made quite a lot on, but I don't see any evidence that this was planned on his behalf or incited illegally. I think he would have been quite happy if his projections of the PS5/XSX generation had given him the returns he predicted in a 5 year timeframe.