Comment by TrumpdUP on 27/01/2021 at 10:57 UTC

32 upvotes, 1 direct replies (showing 1)

View submission: /r/wallstreetbets is making international news for counter-investing Wall Street firms that want to see GameStop's stock collapse. The palpable excitement is off the charts.

This should be exactly why people shouldn’t equate the stock market to the actual economy.

Replies

Comment by tsar_David_V at 27/01/2021 at 16:36 UTC

27 upvotes, 3 direct replies

• Hedge funds bet absolute fuckloads of money on Gamestop's big money line going down

• No one likes hedge funds because they profit off human misery (yay for capitalism)

• Absolute madmen over on r/wallstreetbets started buying stock to artificially inflate price (make line go up)

• Hedge funds lose literally billions

• this is technically market manipulation which is illegal but who's going to prosecute all 400k members of wsb for participating

• wsb members are apparently moving on to AMS after the GameStop bubble bursts (line go back down again, buyers sell their stock for fuckloads of money, costing the hedge funds)