53 upvotes, 4 direct replies (showing 4)
What is this even.
Comment by MURDERWIZARD at 27/01/2021 at 00:22 UTC
203 upvotes, 5 direct replies
Big name investing firms thought gamestop stock was going to fall, so they invested in bets that the stock would fall. (if the price drops; they make money; if it goes up, they lose money).
WSB is full of dumbfucking madlads and they all started buying "calls" of gamestop stock; which is basically the opposite bet. They reserve the right to buy the stock at a certain price within a certain timeframe. So even if the price goes up to like $80/share but they reserved it at $10; they still get to buy it at $10; for a guaranteed $70/share profit.
As you can see from this graph
So big investing firms are losing fuckloads of money and a few select lucky madlads on WSB have made *YUGE* gains.
Or as I saw one user aptly put it last night "We can be retarded longer than they can stay solvent"
Comment by [deleted] at 27/01/2021 at 00:15 UTC
45 upvotes, 0 direct replies
[deleted]
Comment by venicerocco at 27/01/2021 at 07:32 UTC
3 upvotes, 0 direct replies
Begun, the information wars have.
Comment by ThatDudeWithTheCat at 27/01/2021 at 04:59 UTC*
-24 upvotes, 4 direct replies
A federal crime happening in real time on reddit, in plain sight. And the people doing the crime are desperately invading any thread that mentions that they are doing a crime and trying to cover their asses and pretend they are doing nothing wrong.