Re:“WSB veterans know that they're making a suicide charge f...
by jrsj on Tuesday February 02, 2021 @12:52PM
(#26004179)
Did those supporters just barge into the capital on their own though? Or were they directed to do this to create a specific political outcome, just like the naive WSB “investors”?
Re:“WSB veterans know that they're making a suicide charge f...
by rohitb91 on Tuesday February 02, 2021 @01:19PM
(#26004532)
I was thinking that all of Trump's conditioning to make people think that the news is all fake and disinformation for a cause has ruined people.
For example, there were reported that Melvin closed last week. People thought it was fake news. In the article they reportedly lost 53%. If they lied about it, that would be exceptionally serious. Yet, everyone called it fake news, to their own detriment it seems.
Re:“WSB veterans know that they're making a suicide charge f...
by Noos on Tuesday February 02, 2021 @02:42PM
(#26005576)
I don't think so; WSB is too large for that on Reddit, and if anything Reddit is much more anti-trump than anything now. This is more center-left people joining in, similar to BLM in tone I think. Not the same overlap but I'm sure there are some too.
Re:“WSB veterans know that they're making a suicide charge f...
by newobj on Tuesday February 02, 2021 @12:49PM
(#26004140)
yes the WSB ambience right now is VERY Qanon-feeling
Re:“WSB veterans know that they're making a suicide charge f...
by traveler01 on Tuesday February 02, 2021 @12:44PM
(#26004051)
> Trump-supporters think the election was a scam and barged into the capitol. WSBers think the stock market is a scam and bought GME. Same thing, different day.
Isn't it? Look at what they've been doing lately to make the GME stocks go down. The small guy always loses.
Re:“WSB veterans know that they're making a suicide charge f...
by Jtsummers on Tuesday February 02, 2021 @01:13PM
(#26004443)
The rate of the drop is certainly in part due to the inability of many retail investors to continue to buy it at a way overvalued price. But the price drop was inevitable, it is (at the time of this comment) overvalued now. Its revenue is hovering around $1 billion per quarter but it's not profitable. Last year it lost half a billion dollars, and even more in 2019.
A bunch of financially illiterate newbies who don't know half the terminology and don't understand the underlying math have gotten tricked into thinking that "it's all rigged" or "it's all a scam" and that they're going to get rich quick by participating in the scam. Completely oblivious to the fact that the only scam happening is to them.
Trump-supporters think the election was a scam and barged into the capitol. WSBers think the stock market is a scam and bought GME. Same thing, different day.