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> Of course there's going to be speculation going on with any asset, but GME is not a purely speculative asset, and is not purely based on possible future appli
by arinlen 4y ago
> Of course there's going to be speculation going on with any asset, but GME is not a purely speculative asset, and is not purely based on possible future application which isn't even known yet. There's a corporation behind it, which generates revenue, which provides services, all of this has real value, which then serves as a valuation.
GME also benefits from a significant protest aspect, with people buying stocks without any expectation of profiting from it and with the sole motivation of participating in an event which, in the very least, causes an hedge fund suspected of ilegal practices to go bankrupt.