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.
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?