Stock Market (10 Viewers)

[il brutto]

So this is what unites 'Murica?

 

Buy on AliExpress.com

[Cerval]

AOC and Ted Cruz agreeing

 

[PhRoZeN]

Next proposed stop. :Shifty:

 

[Enron]

Next proposed stop. :Shifty:

zzz let’s goooo

 

[Juvellino]

Next proposed stop. :Shifty:

 

[.zero]

 

[Enron]

So this is what unites 'Murica?

 

[.zero]

I’ve taken my business to public dot com

 

[AFL_ITALIA]

WHERE IS JA

 

[Enron]

WHERE IS JA

this post is Fyre

 

[Dostoevsky]

This is insane...

 

[lgorTudor]

 

[DAiDEViL]

this post is Fyre

To be fair, he was prolly too stupid to realize he was gonna scam people.

 

[GiocataGrande]

Can someone explain the Robbinhood Gamestop thing to me? im trying to understand it reading articles but somehow im getting confused

 

[ALC]

Can someone explain the Robbinhood Gamestop thing to me? im trying to understand it reading articles but somehow im getting confused

a scumbag hedge fund manager shorted some gamestop stock hoping the company would go bankrupt. So he borrowed shares and sold them at a price. He then started talking shit on GameStop to lower the price. Once he lowered the price, he could then buy all the borrowed stock he sold for cheaper, give it back to whoever he borrowed from and end up making money by doing nothing basically.

reddit took offense to that because they’re a bunch of autistic nerds so they started buying up a lot of stock once they saw it shorted. This meant there was a lot of demand for GameStop stock so the price went up. Now, that hedge fund manager needs to buy all the stock he sold because he borrowed it, but this time he has to buy it for a lot more money than he sold it for.

robinhood is what people use to trade stocks but they’re also owned by the company who owns the hedge fund managers finances so they didn’t want to see the stock go up, therefore they froze trading for GameStop and other stocks that were shorted, making the price drop again. That is pretty fucked up and massive market manipulation.

 

[GiocataGrande]

a scumbag hedge fund manager shorted some gamestop stock hoping the company would go bankrupt. So he borrowed shares and sold them at a price. He then started talking shit on GameStop to lower the price. Once he lowered the price, he could then buy all the borrowed stock he sold for cheaper, give it back to whoever he borrowed from and end up making money by doing nothing basically.

reddit took offense to that because they’re a bunch of autistic nerds so they started buying up a lot of stock once they saw it shorted. This meant there was a lot of demand for GameStop stock so the price went up. Now, that hedge fund manager needs to buy all the stock he sold because he borrowed it, but this time he has to buy it for a lot more money than he sold it for.

robinhood is what people use to trade stocks but they’re also owned by the company who owns the hedge fund managers finances so they didn’t want to see the stock go up, therefore they froze trading for GameStop and other stocks that were shorted, making the price drop again. That is pretty fucked up and massive market manipulation.

wow thanks for the explanation, didnt know it was that bad. Crazy stuff

 

[ALC]

 

[Fab Fragment]

Any possibility that someone from Wall Street / Robinhood could end up in jail?

 

[lgorTudor]

reddit took offense to that because they’re a bunch of autistic nerds so they started buying up a lot of stock once they saw it shorted.

Technically that idea was sparked on /biz/ for the first time in summer 2020 and GME first was shilled there at $4 per share. Yet the chaotic and selfish nature of that board wouldn't allow for an organized effort, so the reddit normie hivemind jumped into the breach when one of their tourists picked up the intel.

 

[Enron]

To be fair, he was prolly too stupid to realize he was gonna scam people.

he definitely looked clueless in the documentary