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| Topic | Stock Topic 18 |
| redrocket 01/30/21 11:23:05 AM #75: | Nanis23 posted... So why do you believe this never happened before? no one dared to rally a stock in public. No one First of all, this has happened before, on the daily in fact, as others have pointed out. But you are right that it hasnt happened on this scale, for obvious reasons. The tools and conditions for it to happen didnt exist until recently. The first tool was the rise of social media after the Casual Revolution, leading eventually to the rise of Reddit specifically. The second tool was the rise of easy to use stock trading via apps with low barriers to entry, such as Robinhood and others. The condition was a Global Pandemic leading to a bunch of people with suddenly way more time on their hands to discover the second tool and then band together using the first tool to create a community around trading, ie WSB. --- It's like paying for bubble wrap. -transience on Final Fantasy: All the Bravest ... Copied to Clipboard! |
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