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A comment on u/DeepFuckingValue and the GameStop Reddit mania.

Re:u/DeepFuckingValue and the GameStop Reddit mania by kgog on Friday January 29, 2021 @05:41PM (#25963744)
So when he posted back in June, his GME holding was $121k. According to his YouTube video from then, that represented ~2% of his portfolio. That puts his portfolio at ~$6M.

So much for "poor people fighting back" LOL.

[ Parent | on HN ]
Re:u/DeepFuckingValue and the GameStop Reddit mania by tmotwu on Friday January 29, 2021 @06:06PM (#25964006)
Hedge funds only represent 5%< of the global financial markets. Everyone knows whales are playing on both sides, WSB attempting to profit on one end.

However, that 5%< of finance is just objectively morally bankrupt compared to the rest - because its exclusive, delivers no value to society, yet bears a significant influence to everyone else.

So sure, it's not really "poor vs wealthy" it's more "good vs evil".

[ Parent | on HN ]