Re:GameStop Is Rage Against the Financial Machine
by jethro_tell on Thursday January 28, 2021 @12:32AM
(#25938575)
Some guy makes 50mm (mostly unrealized at this point). Where do you think the rest of the 14 billion is owed? Probably institutional investors and HFT guys that have been playing market volitility, as they do.
There's a couple guys that are fucked, but most of that money is going back into the pockets of 'the big bad fund managers'
Same with Tesla, I don't think the institutions that profited handsomely in that run up think it's worth the price, but they think that the real gains are good for their funds.
Also note, retail guys are still probably pretty close to the one percent. Who else has 50k lying around for something like this. Sure he might not be a hedge fund, but he's probably not working a minimum wage job and fixing inequality with his trades.
There's a couple guys that are fucked, but most of that money is going back into the pockets of 'the big bad fund managers'
Same with Tesla, I don't think the institutions that profited handsomely in that run up think it's worth the price, but they think that the real gains are good for their funds.
Also note, retail guys are still probably pretty close to the one percent. Who else has 50k lying around for something like this. Sure he might not be a hedge fund, but he's probably not working a minimum wage job and fixing inequality with his trades.