The political landscape a wasteland, the meme lords move to Wall Street.

Don’t get me wrong, I weep for no hedge fund. But I do see a parallel between the ‘burn it all down’ attitudes of the very online/meme lord supporters of Trump and these folks. The timing is also suspect.

Am I over thinking this and should just sit back and enjoy Wall Street burning?

This is sorta like watching Freddy and Jason fight, but weirder. I mean, you've got meme lords and hedge funds fighting over Game Stop, so if somebody dies, it ain't a big loss. At the same time, if there's a clear winner, things might not go well for the rest of us. And you also have to toss in the fact that we have a financial system that is basically okay with people announcing, "We're going to fucking ruin you just for shits and giggles!" I mean, really? Okay, I can see the logic of allowing a company that makes a shitty product to go under, but if someone can arbitrarily decide to wreck a company and there's no inherent mechanism to stop that, this seems like a bad system.

Some more details for the Twitter impared.

Fuck hedge funds, and fuck short-selling vultures. I hope they lose their shirts.

Oh, I'm sure this will all just turn out fine...when has the financial industry ever caused us problems?

NGL, tempted to buy 3 or 5 shares, and not let my broker lend them, of course, just to see what happens.

Derivatives and short-selling should be illegal. They're nothing more than a form of gambling and have no place in capital markets.

If you want to gamble, go to a casino.

I read this and I find it hilarious. I have no particular love for GameStop and I actually think they should've closed a year or so ago, but they keep persisting... and now I know why.

These guys need to be careful in their online discussions. There is an entire agency of Securities Exchange Commission and they are on the look out for "pump n' dump" schemes. If it's bankrupting the big guys, all those market friendly anti-regulators will be crying to the SEC for action. Just watch.

This whole situation is absurd, but a bunch of investors finding a resource (in this case an abundance of over confident short sellers) to exploit doesn't seem any more absurd than the whole concept of short sellers and AI driven trades in the first place.

I also don't see how this is any more unethical (and indeed IMO it is less so) than investment firms that buy up functional companies to load with debt and strip of resources.

What does this have to do with meme lords?

Who do you think is behind /r/WSB?

Why do you think their picks are called Meme Stonks?

Oh, and this thread details some interesting aspects of what’s going on.

This comment is gold!

A memelord is anyone who makes memes, a much larger pool of Internet users than the people in question here.

Discord just banned their channel, and the subreddit itself has gone private.

But no, class warfare isn't a thing at all.

As comical as this is at the moment, how long before the overinflated stock bursts and a lot of little guys get stuck with the loss? I get those who short the stock are manipulative vultures who manipulate the system into destroying companies so they can win their bets the company will lose. However, these buyers just manipulated people into false demand for a dead company so they could artificially sell their stocks at a higher price to the poor investors looking to make a dollar or two.

Maybe a rich guy or two getting screwed by this might lead to an end to shorting. Oh yeah, we elected Biden and not warren, so fuck no.

They probably said that in 1929, too.

Arrogant, insanely high-paid investment gurus embarrassed by coordinated internet nerds playing their game and doing it better. Film at eleven.