Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buyers Admit They Messed Up

Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye... by Dma54rhs on Saturday February 06, 2021 @05:42AM (#26045665)

The question is why reddit doesn't do anything about it and amplify this message? Awful lot of people lose so much money because of it, they need to hold reddit accountable as well by creating these situations.

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Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye... by phire on Saturday February 06, 2021 @08:51AM (#26046472)

It's not really reddit's job. But I wouldn't be surprised if the SEC decides to ban "meme stock hyping".

Their mandate includes insuring that value of shares accurately reflects the value of the company and that investors remain confident in the function of the market. This situation is damaging both those mandates, especially once GME fully crashes and all the noob investors who bought the peek lose their investment and decide to never invest again.

Before anyone replies saying that the SEC should instead be focused on hedge fund market manipulation, I'll point out that's already against the rules and it's just an issue of enforcement.

And I assure you that the SEC are going to have an even harder time enforcing any rules against "meme stock hyping"

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Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye... by thinkingemote on Saturday February 06, 2021 @07:29AM (#26046099)

One answer to this question would be to explore who this "Reddit" is. The company, the admins, the users, the moderators, the owners, etc etc

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Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye... by pjc50 on Saturday February 06, 2021 @07:32AM (#26046103)

Reddit are still processing the problems of free speech, which includes allowing others to defraud people on your platform.

[ Parent | on HN ]