Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets

[GALeftist]

Literally free money boys yahoo

[GALeftist]

It'll probably hit 400 at least by the end of the day at the rate things are going lol

Side note, this really puts into perspective how much money these people have. Like, at the end of the day, this is basically just a couple hedge fund managers who got too greedy being vultures and are now having their lunch money taken, and now there are multiple multimillionaires just from this. But there's so much more wealth being hoarded than this; this is really just a drop in the bucket

[GALeftist]

https://www.marketwatch.com/story/disruptions-reported-at-multiple-brokerages-as-gamestop-amc-surge-2021-01-27

RIGGED
Brokers are rigging it in favor of the hedgefund and have had disruptions.

Wait, wait, wait. You're telling me I have to RISK MONEY in the stock market??? Utterly unacceptable reeee time to market manipulate

[GALeftist]

https://www.marketwatch.com/story/disruptions-reported-at-multiple-brokerages-as-gamestop-amc-surge-2021-01-27

RIGGED
Brokers are rigging it in favor of the hedgefund and have had disruptions.

Wait, wait, wait. You're telling me I have to RISK MONEY in the stock market??? Utterly unacceptable reeee time to market manipulate

You spend too much time on Reddit.

yeah, probably so

[GALeftist]

https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html


LMAO

:/

[GALeftist]

Literally free money boys yahoo

"Socialist." Everyone involved in this story is bad, including the Redditors who talk and act like total douches on their subreddit. Martin Shkreli was a moderator on WSB, in case you're not aware.

Also, the idea that the stock market should be "for everyone" is a perverse and dystopian vision of the future. America has enough greed and deification of wealth and power as is; imagine a country where everybody is their own little "stock manager" only looking out for the next buck to make on trading markets.

To be honest with you, I don't particularly like that subreddit. They have a tendency to stan people like Shkreli and Elon Musk and it is also obviously chock full of ableism. I also agree with you that the stock market is ultimately pretty much inherently bad for the working class.

However, given that we live in a world where there is a stock market, I think it is funny for it to bankrupt a bloodsucking hedge fund, even if the lion's share of the spoils are going to bozo redditors.

[GALeftist]

Speaking of market manipulation, a bunch of brokerages just made a bunch of tickers ($GME, $BB, $AMC among others) sell only i.e. you can't buy the stock or contracts, just close existing positions

This is just hilariously blatant

[GALeftist]

I don't understand why we're talking about regulating Reddit when these hedge funds shorted well over 100% of $GME lol. This short squeeze would not happen on just some generic stock, these people got too greedy and made a mistake and are refusing to eat the loss.