Incredible.
What’s happening with GameStop rn is utterly insane. Bringing Wall Street to its knees. Wow
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Northwest · M
This has been going on for decades. There's a group that's been trying to do the same to Tesla for a long time, and they've lost Billions doing it.
This is why the stock market is no longer about results, it's about manipulation.
The funny thing is that the Trumpsters still believe HE made the market go up.
The amount involved here is tiny by market standards.
This is why the stock market is no longer about results, it's about manipulation.
The funny thing is that the Trumpsters still believe HE made the market go up.
The amount involved here is tiny by market standards.
PicturesOfABetterTomorrow · 41-45, M
Quetzalcoatlus · 46-50, M
@PicturesOfABetterTomorrowIt is nice watching them squirm
QuixoticSoul · 41-45, M
NoahB · 26-30, M
@QuixoticSoul It’s a big deal because whatever is done to “deal with this” is going to change the behavior of the markets forever
Quetzalcoatlus · 46-50, M
ImplodingVoices · F
What now?
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QuixoticSoul · 41-45, M
@NoahB Melvin just got bailed out, doubt they’ll go belly up. Pretty sure they’re still shorting gme.
Plus remember that a $13 billion hedge fund is a small fry - I’ve never even worked for an asset manager with less than a trillion aum. Melvin is only interesting because they’ve been generating such high returns over the last few years, and are more aggressive about shorting.
Plus remember that a $13 billion hedge fund is a small fry - I’ve never even worked for an asset manager with less than a trillion aum. Melvin is only interesting because they’ve been generating such high returns over the last few years, and are more aggressive about shorting.
NoahB · 26-30, M
@QuixoticSoul they already burned through their bail money last I heard and they had to liquidate a bunch of their Big money stock. Allibaba and stuff like that