“WSB veterans know that they're making a suicide charge for the memes”
I still don't understand how they successfully managed to make people think buying shares of a bankrupt company for $350 a pop was a good idea. They pitched it as the new BTC or TSLA but it really is just a text book example of pump and dump. They're not "owning wallstreet", at best they're owning a few investors/entities who took way to much risks, and that's it. The smart ones bought their shares at $5 and sold last week at the peak, any one getting in from now is suffering from massive FOMO.<p>Ronbinhood &co enabled this by gamifying trading, people are just one click away from betting their entire savings based on random social media posts amplified by mainstream media over coverage.<p>If you learn about something like this via mainstream medias or your friend who had no idea what trading was 2 days ago you can be 100% sure that you're too late to the party<p>edit: ok, not bankrupt, but clearly not going in the right direction. Either way, not anywhere close to make investors rich quick<p><a href="https://gamerant.com/gamestop-out-of-business-in-digital-age/" rel="nofollow">https://gamerant.com/gamestop-out-of-business-in-digital-age...</a><p><a href="https://gamerant.com/is-gamestop-going-out-of-business-dying/" rel="nofollow">https://gamerant.com/is-gamestop-going-out-of-business-dying...</a><p><a href="https://edition.cnn.com/2020/09/10/investing/gamestop-store-closures/index.html" rel="nofollow">https://edition.cnn.com/2020/09/10/investing/gamestop-store-...</a><p><a href="https://www.ccn.com/gamestops-ultimate-destiny-buyout-or-bankruptcy/" rel="nofollow">https://www.ccn.com/gamestops-ultimate-destiny-buyout-or-ban...</a>