WallStreetBets vs WallStreet: It's not about the money anymore

Re:WallStreetBets vs WallStreet: It's not about the money an... by nappy-doo on Thursday January 28, 2021 @09:49AM (#25942518)

I've read /r/wallstreetbets -- it's about the money.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by loceng on Thursday January 28, 2021 @09:54AM (#25942602)

Apparently there's an early buyer of one of these stocks who made $40 million off of it; I last read they only sold $14 million of their position so far.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by giu on Thursday January 28, 2021 @10:08AM (#25942885)

Yep, that buyer is https://twitter.com/theroaringkitty

Here [0] he talks the first time about the GME stock; the video was uploaded on the 28th of July, 2020 and the stock was at $4.03 back then.

Here [1] you can find his latest GME update; he's sitting on $50 Mio. right now, although it's quite volatile.

Here [2] you can see a post from his Reddit account on November 2019 showing his GME calls.

It's just crazy and fascinating at the same time.

[0] https://www.youtube.com/watch?v=GZTr1-Gp74U

[1] https://www.reddit.com/r/wallstreetbets/comments/eick65/gme_...

[2] https://www.reddit.com/r/wallstreetbets/comments/e3kpbc/gme_...

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Re:WallStreetBets vs WallStreet: It's not about the money an... by loceng on Thursday January 28, 2021 @02:10PM (#25947294)

You just need a single person who's paying attention and understands these arguable flaws, pitfalls in the status quo system, they get rewarded by being able to get in early - and then they can educate a highly organized and motivated group of retail investors who are happy to rally - especially against a system that has fucked over the majority of people.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by Medox on Thursday January 28, 2021 @10:17AM (#25943033)

https://www.reddit.com/user/DeepFuckingValue

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Re:WallStreetBets vs WallStreet: It's not about the money an... by fortran77 on Thursday January 28, 2021 @09:51AM (#25942550)

I see a lot of young get-rich-quickers there. People who want to do things like borrow money to short stocks with.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by KLexpat on Thursday January 28, 2021 @09:52AM (#25942566)

https://www.reddit.com/r/wallstreetbets/comments/l6omry/an_o...

I'm not so sure

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Re:WallStreetBets vs WallStreet: It's not about the money an... by netsharc on Thursday January 28, 2021 @10:01AM (#25942761)

Populist anger found a new weapon: money. Plus good old social media manipulation.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by rcxdude on Thursday January 28, 2021 @10:06AM (#25942842)

And perhaps money found a new weapon in populist anger.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by boringg on Thursday January 28, 2021 @10:23AM (#25943165)

I just hope it doesn't get co-opted by the "alt-right" or other political groups.

Also get ready for the 100+ opinion pieces on every media platform about this so everyone can get their ad dollars.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by KLexpat on Friday January 29, 2021 @02:14AM (#25954899)

It won't, but the media will blame it on the alt-right. "White privileged mcdonalds workers oppress poor minority new york billionaires with their greedy market manipulation! "

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