Current Events > The Gamestop stock meme is what Occupy Wall Street failed to be

(+) Yeah! (+)

WallStreetBets actually fucking with the 1% and transferring their wealth to the average folk instead of sleeping in a park and protesting thinking that would do something.

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I still don't understand why I should care about WSB making money

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Doom_Art posted...

I still don't understand why I should care about WSB making money

You shouldnt; its more about them fucking over $1 billion hedge fund with nothing more than what amounts to crowdfunding

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i see one group of investors fucking over another group of investors

just happens that these ones grouped together on reddit instead of a fancy board room or restaurant

not seeing much of a difference

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It's really funny but the good part is people starting to figure out the only way to fight back is collective action, it can't just be fucking over short sellers because if you keep doing it they will just change the rules to stop it. But that doesn't change the fact that collective organizing my is how you fight them, and I hope these guys see that.

And then got banned from discord for hate speech

fuming posted...

It's really funny but the good part is people starting to figure out the only way to fight back is collective action, it can't just be fucking over short sellers because if you keep doing it they will just change the rules to stop it. But that doesn't change the fact that collective organizing my is how you fight them, and I hope these guys see that.

The issue will be the SEC stepping in and changing the rules so that regular players can't get into the game anymore. Not one damn person was crying foul when Gamestop was being shorted for 140% but now that the hedge funds are getting a taste of their medicine suddenly it's wrong?

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NinjaWarrior455 posted...

The issue will be the SEC stepping in and changing the rules so that regular players can't get into the game anymore.

what rules were changed?

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Doom_Art posted...

what rules were changed?

Nothing yet? I'm saying that they might step in because the investor class are all a bunch of fucking babies that can't handle that people other than them are making money.

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NinjaWarrior455 posted...

I'm saying that they might step in

That's not what you said

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Doom_Art posted...

That's not what you said

I didn't say they changed anything yet either. But you're only hear to argue semantics and not actually care so whatever. Go shitpost elsewhere.

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Doom_Art posted...

That's not what you said

What part is confusing you here

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SEC is gonna ban all individual investors. Only accredited investors allowed.

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We cant let poor people in on these gains. Its about time the SEC stepped and did their job. Protect the 1%.

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fuming posted...

It's really funny but the good part is people starting to figure out the only way to fight back is collective action, it can't just be fucking over short sellers because if you keep doing it they will just change the rules to stop it. But that doesn't change the fact that collective organizing my is how you fight them, and I hope these guys see that.

Proven right once again

Doom_Art posted...

i see one group of investors fucking over another group of investors

just happens that these ones grouped together on reddit instead of a fancy board room or restaurant

not seeing much of a difference

@Doom_Art
The one group of investors getting fucked over have direct influence on the government, have access to billions of dollars of capital, has control on what is being aired on the news channels and other big media outlets, and has direct influence on the platforms that make the rules and control who is allowed to buy what shares and when. Most importantly, the one group of investors were the ones that caused the financial crash of 2008 and got bailed out.

How is this so difficult to understand?

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Sad_Face posted...

@Doom_Art
The one group of investors getting fucked over have direct influence on the government, have access to billions of dollars of capital, has control on what is being aired on the news channels and other big media outlets, and has direct influence on the platforms that make the rules and control who is allowed to buy what shares and when. Most importantly, the one group of investors were the ones that caused the financial crash of 2008 and got bailed out.

How is this so difficult to understand?

And the other group of investors is, quite literally, people like you and me

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Robinhood didnt exist back then. Nobody wanted to pay commissions to buy stocks.

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Interesting point. I agree. Hit them in their wallet.

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Funny enough, Melvin Capital just got a bailout of $2.75 billion. Big companies gotta protect their biggest assets I suppose.

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TheGoldenEel posted...

And the other group of investors is, quite literally, people like you and me

Take a look at who's been making money off this crap.

People like you and me, sure, but it's mostly other hedge funds, companies, and billionaires

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Prestoff posted...

Funny enough, Melvin Capital just got a bailout of $2.75 billion. Big companies gotta protect their biggest assets I suppose.

The got capital in exchange for revenue shares.

That isn't a bailout it's basically a loan.

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It is pretty amusing that a bunch of regular ass people were able to move the market in a way that has hedge funds going "wait a minute"

Collective action works

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Gwynevere posted...

It is pretty amusing that a bunch of regular ass people were able to move the market in a way that has hedge funds going "wait a minute"

Collective action works

I think its important to note that, had the hedge fund not been doing something stupid and risky (ie. doing what they technically should be doing), nothing WSB could have done would make an impact. WSB couldn't do what they did with Gamestop with 99+% of other stocks

The whole Gamestop issue is basically just WSB caught some hedge fund guys with their **** in the cookie jar, and in order to deflect blame the hedge fund guys are trying to blame WSB.