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I didn't push any conspiracy language at all. The market is a bustling place with quite a lot of collusion, conversation, planning and coordinating. It also has
by vessenes 2y ago
I didn't push any conspiracy language at all. The market is a bustling place with quite a lot of collusion, conversation, planning and coordinating. It also has a number of macro dynamics that are ... not what retail investors think happens when they buy a stock. There's a lot of continuous process innovation, business model innovation, and new ideas people / companies / hedge funds try all the time. The system is immensely complex, and has some unintended consequences.
With all that, who needs weirdo conspiracy theories? I see this as one group of people found out they have more power than expected given some relatively novel market dynamics, and someone is very efficiently making a point about it in the capitalized market of ideas. No conspiracy needed. No need to be hostile about people marching behind RoaringKitty with pitchforks either though; this is fun and interesting stuff.
- therobots927 2y agoThe original comment I was replying to explicitly asked about the “phantom shares” theories. When I said don’t go down that rabbit role, that is what I was referring to. Not the real market dynamics behind the price movement. And I’m not hostile towards anyone who believes in that, I myself used to believe it. I just think it’s a waste of time because there is zero proof that phantom shares of GameStop even exist. GameStop has also carried out two dilutions since this whole thing started, raising about $2B. If anyone is creating “phantom shares” and selling them to people, it’s the company itself. These theories are dangerous because they rope in people who don’t know enough to know better.