Love it, but you know Wall Street is working with McKinsey right now to figure out a way to astroturf WSB and create this kind of situation for their benefit.
The difference is Tesla has the blessing of the Jim Kramer's of the world because it's top down and controlled speculation. It's tech fetishization of a shitty car company and a guy that memes.
Gamestop pumping is both speculative from a bunch of randos online at the expense of hedge funds, which sell their acumen as reasons to invest. If Reddit can take out a few hedge funds it will throw chaos into the expertise market.
wont matter, if it gets astroturfed they'll just make /r/realwallstreetbets. people will know when their shit gets taken over by the amount of cash they're pulling.
critical support for the only half class conscious unwashed masses betting against the system
I'm sure they can just scrape the comments and find a way to profit off of the subreddit's sentiment, but yeah I can't wait to see companies start turfing operations and game the subreddit
Love it, but you know Wall Street is working with McKinsey right now to figure out a way to astroturf WSB and create this kind of situation for their benefit.
I'd be surprised if that hasn't already happened. I think that's exactly what the Tesla run last year was.
The difference is Tesla has the blessing of the Jim Kramer's of the world because it's top down and controlled speculation. It's tech fetishization of a shitty car company and a guy that memes.
Gamestop pumping is both speculative from a bunch of randos online at the expense of hedge funds, which sell their acumen as reasons to invest. If Reddit can take out a few hedge funds it will throw chaos into the expertise market.
This is glorious.
wont matter, if it gets astroturfed they'll just make /r/realwallstreetbets. people will know when their shit gets taken over by the amount of cash they're pulling.
critical support for the only half class conscious unwashed masses betting against the system
I'm sure they can just scrape the comments and find a way to profit off of the subreddit's sentiment, but yeah I can't wait to see companies start turfing operations and game the subreddit