I haven't quite wrapped my head completely around the GameStop stock debacle, but it appears those with the most to lose by pissing off those with computer proficiency way beyond what can be considered average, have shot themselves in the foot. These are people that can, and will, dick with everything they can from the keyboard they use for hours daily. How this turn out will be interesting, but I doubt it will be pleasant.
I understand that 4 chan and reddit are at the core of it, and yeah... those guys have made life a living hell for the establishment at times. The Wall St. Wanks are threatening to freeze trading on short stocks if they try to do this again. The counter is that all the trolls have to now is threaten to do it, and the Wanks on Wall St. will be locking down their stocks left right and centre. Bullet.. meet foot!
ReplyDeleteHedge funds, from what I've read, and no different than borrowing money from a bookie, except the stakes are much higher, and the feds turn their head, when someone cheats the casino.
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