News for hackers. Stuff that matters.

A comment on Chamath Palihapitiya on Wallstreetbets [audio]. Parent comment

Re:Chamath Palihapitiya on Wallstreetbets [audio] by daniel-thompson on Wednesday January 27, 2021 @03:59PM (#25933856)
This makes no sense. The hedge funds that cover their shorts are the ones taking the fall; entering a short at $20 and exiting at $300 is the fall.
[ Parent | on HN ]
Re:Chamath Palihapitiya on Wallstreetbets [audio] by throw_nbvc1234 on Wednesday January 27, 2021 @04:02PM (#25933893)
Aren't there going to be multiple falls here. The one you mentioned and when the stock falls back to its "real" value?
[ Parent | on HN ]
Re:Chamath Palihapitiya on Wallstreetbets [audio] by bostonsre on Wednesday January 27, 2021 @06:34PM (#25935680)
Gamestop isn't going to stay at $300. You seriously don't think its going to crash back down to reality? The only ones still in the stock during the fall will be retail investors. So yes, the hedgefunds were hurt, but there will be a lot of pain for the retail investors that jumped on the bandwagon too late and don't get out soon enough.
[ Parent | on HN ]
Re:Chamath Palihapitiya on Wallstreetbets [audio] by maest on Thursday January 28, 2021 @04:48AM (#25940039)
Trading stocks is not a zero-sum game, at least not in the way implied here.
[ Parent | on HN ]