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

28 upvotes, 3 direct replies (showing 3)

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.

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• 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)

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Comment by possiblyis at 27/01/2021 at 19:15 UTC

16 upvotes, 0 direct replies

Criteria for market manipulation isn’t met with WSB. The sub is not coordinated nor organized, and nobody gives financial advice to anyone. To say it’s market manipulation is a BIG stretch.

Comment by Thrillkilled at 27/01/2021 at 22:00 UTC

5 upvotes, 0 direct replies

Last two aren’t true. Next target is blackberry and there is no market manipulation going on. Liking a stock and telling 2 million people about it isn’t market manipulation.

Comment by Drando_HS at 27/01/2021 at 22:10 UTC

4 upvotes, 1 direct replies

this is technically market manipulation

And short selling isn't? lol