Unless you personally want to get into investing, there's little that is worth understanding. All you need to know is that some redditors turned a meme into a really bad quarter for some wall street ghouls. This likely has no further ramifications but it's really fucking funny to watch
I don't understand any of this shit and I don't know if that's a good thing or not.
Unless you personally want to get into investing, there's little that is worth understanding. All you need to know is that some redditors turned a meme into a really bad quarter for some wall street ghouls. This likely has no further ramifications but it's really fucking funny to watch
It's a rare example of a capitalist pyramid scheme where Wall Street hedge funds are the losers at the bottom of the pyramid getting screwed over
Correction, a few specific hedge funds are getting screwed over, the rest are doing what everyone else is doing.
No one does
it's a good thing