News for hackers. Stuff that matters.

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 jameshart on Monday May 09, 2022 @06:43PM (#31320841)
If someone got a stimulus check they didn’t need, and put it all in GME, then it seems like everything has worked out great.

Someone who did want the money (enough that they were willing to sell some GME stock to get to) got the money instead.

And now the person who didn’t need the money hasn’t got any money.

Justice served?

[ Parent | on HN ]
Re:Day trader army loses all the money it made in meme-stock... by gowld on Monday May 09, 2022 @07:14PM (#31321117)
Maybe. but like crypto scams where everyone keeps stealing from each other and paying yeild farmers to get leverage, it's really hard to see what the net net of all the money flying around is.
[ Parent | on HN ]