The first link is actually a really good description. One of the better ones I’ve seen.
Further proof that anyone who goes on reddit deserves death.
Meh - on the surface, those guys are fucking over the institutional investors. Wall Street guys go on TV and write article about how shitty a stock is, and make billions shorting the hell out of it. What’s happening now is a short squeeze, that’s costing those same institutional guys billions. Rather than getting the stock to drop where they wanted, it’s skyrocketing, and Wall Street is paying them billions. I’ve happily made several thousand out of the ride....
In reality, though, there has been nearly $100 million swings happening. This little 2 million person subreddit is doing nothing. They’ve spurred others with much fatter coin purses to jump into the mix, and are simply along for the ride. People like Ryan Cohen, who has publicly dropped millions into the game, are really the ones pushing it.
Regardless retarddit use warrants at the very least flogging as punishment.
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