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A comment on Day trader army loses all the money it made in meme-stock era. Parent comment

Re:Day trader army loses all the money it made in meme-stock... by chrischen on Monday May 09, 2022 @06:26PM (#31320671)
I agree with you they targeted small businesses pretty heavily with stimulus, and probably a lot of fraud occurred. While some of that money made it in the form of bonuses to employees, I bet a lot of it was soaked up by the frothy stock market.
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Re:Day trader army loses all the money it made in meme-stock... by tomrod on Monday May 09, 2022 @07:14PM (#31321123)
People were opening businesses to take advantage of the PPP. I hope this gets addressed.
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Re:Day trader army loses all the money it made in meme-stock... by chrischen on Tuesday May 10, 2022 @12:13PM (#31328839)
Yes but observing the end effect it was apparent a lot of that money went into the stock market, and thus didn’t really go where it was needed. The damage was done already.
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