Re:Chamath Palihapitiya on Wallstreetbets [audio]
by Ataraxy on Wednesday January 27, 2021 @05:53PM
(#25935274)
They realistically are. It's pure media fiction (and scapegoating) that a bunch of regular people are somehow moving markets. In practice they're just the smoke screen for the actual wealth making plays against their peers that screwed up in this scenario.
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Re:Chamath Palihapitiya on Wallstreetbets [audio]
by ericmay on Wednesday January 27, 2021 @08:06PM
(#25936734)
This, 100%.
Even if WSB users and other retail holders held like, 30%, Burry holders 3%, and Cohen holds 10%, there is still more than 50% out there which may be bought by others. There aren’t enough interested Americans to buy the rest of the company.
Other hedge funds and big investors are in on the action. These shorts got caught in a bad spot and now they are paying for it. Once all the retail traders get screwed in the media, others on Wall Street will quietly take their bonuses and go out for drinks or a new car. Nobody will report how much money they made. Why would they?
Re:Chamath Palihapitiya on Wallstreetbets [audio]
by biql on Thursday January 28, 2021 @02:59AM
(#25939373)
Not sure how reliable it is but according to SA, 78% is owned by institutions https://seekingalpha.com/symbol/GME, the part owned by retail should be truly small. How this narrative of retail being in control is being pushed by the media is indeed very strange.
Re:Chamath Palihapitiya on Wallstreetbets [audio]
by jdjfktkrnj on Wednesday January 27, 2021 @08:04PM
(#25936714)
Retail is 25% of the market these days. Google it.