Archive: https://archive.ph/wip/F0rjH
Image rehosted: https://i.imgur.com/yiglXge.jpg
OP: https://www.reddit.com/user/Giamma4X
Current GME value: $25.56
lol, lmao, fucking choke.
Bonus take: https://www.reddit.com/r/gme_meltdown/comments/y3aafi/try_and_act_surprised_here_but_the_investor/
Son, come down and have dinner with the family.
Here comes ol’ diamond hands!
if you blew $115 on GME, that's actually not so bad. So many people spend $1000+ on candy crush, NFTs, convoluted rugpulls, etc..
$115 per share, not $115 in total. Who knows how many thousands he actually invested near the peak value.
My utopian optimism once again crushed by the immortal science of dialectical materialism.
There was a 4 way stock split a couple months ago, so their purchase price is more like $28 per share. Still a loss, but not 3/4 of it's value loss
The adjusted value is closer to $100. Still a loss, but I've been a lot deeper in the red than that.
Does anyone have a primer on what happened to the whole GME thing? I remember it making waves in like February of the last years, everyone was discussing it, chiming in, making predictions and than it sort of disappeared from the public eye...
GME brought on a new CEO, Ryan Cohen, who tries to be a store brand Elon Musk on twitter. The r/GME subreddit and r/Superstonks formed a personality cult around him and a pyramid scheme around the stock. When the MOASS/mother of all short sells/Millerite apocalypse didn't come, they switched to desperately patronising Gamestop and worshiping its upcoming NFT marketplace that was going to dominate crypto. Now it trades at a few thousand dollars per day, on par with its operating costs, and NFTs as a whole have lost something like 90% of their trading volume if not more. The GME cult also rallied around other failing companies like Bed Bath and Beyond, AMC theatres, and probably a couple others by now. r/GME_Meltdown has become the place to watch the goobers autocannibalise.
Thanks. I've always meant to google about the GME thing but I was too lazy. I had a super-quickie look at his Wikipedia page.
Legal
Cohen was named in a federal lawsuit on August 24, 2022 for an alleged fraudulent scheme to artificially inflate the price of Bed Bath & Beyond's publicly traded stock in a pump and dump. The suit alleges Cohen conspired with company CFO Gustavo Arnal to release "fraudulent and misleading SEC filings". It claims damages of $1.2 billion in a class action suit.
https://www.google.com/search?tbs=sbi:AMhZZitz5Pb1EMxK_1CnzOQJKSWUCfjmvg9MHKDHQZssoL3bSre-wIFpiNs6xueS2pEtvmsPhrNZdXYdFXS5YX9nQ00-Fs7hanSRWWgq8cYbcxPWL_1wunDR8gK9yHdTk2HMeicMGrmIO64w73436NcxFrU4nOLxuScw
It might be another similar thread. I'm not seeing any older results for the image itself.
Yeah I mean that tweet is from July, so maybe it wasn't a repeat from :reddit-logo:
