Seriously fuck those chuds. They’re elitist, classist and ableist pieces of fuck.

Any of you remember the misc bodybuilding forum? It’s just like that reactionary shit-hole except with stock discussion

  • deadtoddler420 [any]
    ·
    4 years ago

    i just checked some thread there and it's a bunch of people stanning elon musk cause one of the companies getting hurt by the gamestop stuff also shorted tesla.

    like hearing that gamestop is being equated to tesla should set off alarm bells, even if some funny stock shit is happening with gamestop right now. like it's still absolutely gonna go the way of blockbuster

    • CanYouFeelItMrKrabs [any, he/him]
      ·
      4 years ago

      They aren't equating Gamestop to Tesla in the way of value. They're saying the hedge fund that is known for shorting stocks has shorted Tesla previously and is now shorting Gamestop.

      Elon tweeting about Gamestop brings more attention to it, possible drives the price higher. A higher price hurts that hedge fund

    • cum_on_jack [any]
      ·
      4 years ago

      caveat: i dont know shit about investment

      having said that,

      even if some funny stock shit is happening with gamestop right now. like it’s still absolutely gonna go the way of blockbuster

      a) ...is it, though? maybe it will, that's certainly what these hedge fund assholes were betting on. but what we're witnessing is, basically, what happens when a bunch of working class (yes, lots of PMC, but also working class) people just decide to collectively invest in that company overnight? I have no idea if there's even a precedent for this (I hope any comrades with knowledge of the financial sector will chime in). GameStop could literally revitalize simply because a blue and white collar class base decided to save it -- that would be fucking insane.

      b) say GameStop does go the way of Blockbuster and fizzles out. unfortunate, but even still, it fizzled out in a way that transferred billions of dollars of wealth from a few aspiring ecofascists to tens and thousands of people, AND (imo this is the best part) did it in a way that illustrated the idiocy of a fully financialized economy that has completely decoupled from labor health.

      c) regardless of outcome for GameStop, this is an extremely interesting case study. forget GME-- can you imagine if a working class constituency collectively invested in a company that actually had some meaningful agenda/purpose beyond just selling fucking video games?

      again, i don't know shit about investment. i'll also add that the elon worship on that sub is almost worse than the ableist shit/please dont take any of what I just said as meant to coddle the chuds in r/WSB.