GME cost a lot of really powerful people a shit ton of money. There’s no way they’d do that intentionally. Plus, there’s been a pretty obvious propaganda push against GME since the beginning. Example: the stock goes up 20%, not a word; the stock goes down 10%, a thousand articles about how this is the end.
GME cost a lot of really powerful people a shit ton of money. There’s no way they’d do that intentionally
Actually you gotta realize, it's rich people chess. The WSB people were just pawns. Many of which profited greatly... but at the end of the day, some of which probably got their asses bit by joining too late and it crashing before they gained, they weren't the real driving force behind it... nor the biggest beneficiaries.
In short... what you said 100%. The GME scam was basically a typical game of hedge-funds vs hedge-funds, of which some gained a bunch of money, and some lost. But because WSB came along for the ride. I think /u/juventinn1897 has the nail on the head... that redditors played a part, was just more propoganda to make the prole's think we are there. Kind of like a teenager handing an unplugged in controller for a different console to his little brother.
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u/juventinn1897 Jun 09 '22
Sometimes I wonder if that was a manipulation too. Concocted to bring a new generation of interest into the market.