reddit.com/r/wallstreetbets <---- go post and further socialism

edit: wtf they removed the post

Hedge fund demons and the ruling elite vs. Online ™ - this is history :michael-laugh:

WSB gonna be submission locked soon

AOC on the situation: https://twitter.com/AOC/status/1354536220110577664

  • interwebfamous [he/him]
    ·
    4 years ago

    I'm not gonna pretend like this is gonna turn wsb into a bunch of revolutionaries. But watching this from a safe distance is the funniest thing on the internet this year. The idea of a bunch of wall street goons losing literal billions bc of reddit nerds doing a bit is incredible

    • Leon_Grotsky [comrade/them]
      ·
      4 years ago

      It's a tie for me between this GME shit, and Travis View from QAnonAnonymous suing Rep. Marjorie Taylor Greene for blocking him on twitter.

    • jkeyc [he/him]
      ·
      4 years ago

      According to the AP they've lost an estimated 30 percent of their assets, which would be around 4 billion dollars.

    • Wojackhorseman2 [he/him]
      ·
      4 years ago

      Yeah best outcome of this is probably a couple mid tier hedge fund guys commit suicide, but I’ll take any silver lining I can get

  • Arizona [none/use name]
    hexagon
    ·
    edit-2
    4 years ago

    CNBC's David Faber said he is hearing a number of hedge funds are in similar trouble that Melvin Capital saw in its GameStop $GME and may need to be bailed out.

    lol bye-bye global economy thanks to gamestop, poggers

      • jabrd [he/him]
        ·
        4 years ago

        First as tragedy, then as farce, then as even dumber farce, then as just a whoopee cushion except it's actually filled with human farts

      • quartz242 [she/her]M
        ·
        4 years ago

        A lot of hedge funds are selling big name stocks to cover their losses which combined with the recent earnings report may result in another crash

        • TheCaconym [any]
          ·
          edit-2
          4 years ago

          Totally normal and cool economic system where a bunch of crazy hyped up people on a reddit sub can potentially provoke a market crash.

    • emizeko [they/them]
      ·
      4 years ago

      anybody else remember this?

      https://en.wikipedia.org/wiki/Long-Term_Capital_Management#1998_bailout

  • Conrad [he/him,comrade/them]
    ·
    4 years ago

    Posted a picture of this elsewhere, but some of these comments make me want to tear my hear out.

    https://old.reddit.com/r/wallstreetbets/comments/l67c0p/truth_about_gme_effect/gkyxcpe/

    "Man we're spending too much time on the whole left vs. right thing anyway. It's us poor young people against rich old boomers. They already fucked so many things for us, this is just us taking a penny back from the dollar they stole."

    "Yes! It's the workers vs the owners! Not left vs right."

    • Spinoza [any]
      ·
      4 years ago

      Too lazy to look up episodes, but Chapo Trap House is a very popular socialist podcast that has talked about Prop 22 multiple times on their show both before and after the vote.
      EDIT: I'll be just not-lazy enough to search "prop 22" in their descriptions and "Episode 464 - Live MAS (10/19/20)" briefly talks about it at the 50:52 mark.

      Appreciate it. Going to give that a listen today (on my gig driver shift lol).

      which one of you fuckers did this

      • Conrad [he/him,comrade/them]
        ·
        4 years ago

        That may have been me. Couldn't stand someone being like "damn leftists are all stupid because they love things like prop 22, they think they're fighting the power but actually are benefiting big business!" when all I've seen from actual leftists is "fuck prop 22".

        It's also worth noting that that episode starts with a bunch of talk about Jeffrey Toobin's Tube and old man balls and hole and then continues into cheering on Evo and MAS for winning in Bolivia. Prop 22 talk doesn't start until near the end, so I hope this guy actually listens to the whole thing instead of skipping to that part lmao.

        • Spinoza [any]
          ·
          4 years ago

          i was wondering what was in the rest of the episode (other than mas obvi). fantastic pick

      • rozako [she/her]
        ·
        4 years ago

        The reddit chapo pipeline back in business i see

    • WorkerOfTheWorld [none/use name]
      ·
      4 years ago

      So close yet so far. I'm gonna start a group called the zenith that I say rises above left/right, but it's actually just going to be rebranded leftism for people who are allergic to leftist words.

    • dukeofprunes [he/him]
      ·
      4 years ago

      Cos they have been brain poisoned to think left = woke idpol only. If only we could convince them that socialism is really about fucking over rich people and taking back whats ours.

      • wtypstanaccount04 [he/him]
        ·
        4 years ago

        That's what woke capitalism does :capitalist-woke:. Is there any legitimacy to woke capitalism leading to a rise in fascism, or is that just some dumb idea I had?

  • TillieNeuen [she/her]
    ·
    4 years ago

    The posts about people paying for surgeries etc are simultaneously the most wholesome thing I've seen in a while, and completely infuriating that it took something this insane for them to be able to, you know, live.

  • JayTwo [any]
    ·
    4 years ago

    Of course they removed the post.

    Most WSB users are temporarily embarrassed billionaires.

    The mods especially.

      • JayTwo [any]
        ·
        4 years ago

        I don't follow them close enough to know, but I would not be surprised in the slightest.

  • Quimby [any, any]
    ·
    4 years ago

    CAN WE PLEASE NOT SIMP FOR STOCK TRADERS?

    Ancaps aren't suddenly revolutionaries because they happened to make one hedge fund lose money (and helped a bunch of other hedge funds make money, as per usual.)

    • Tmanto [he/him]
      ·
      4 years ago

      I think this is a great opportunity to radicalize people, though. Most people I’ve talked to about this have a generally positive opinion of hierarchy being turned on its head (an-), while recognizing the insane casino monstrosity that is our economic system (-cap).

      • vinceman [he/him]
        ·
        4 years ago

        1000% this. I've browsed WSB a few times, never have I seen people quoting fucking Marx in the comment section

  • Koolio [any]M
    ·
    4 years ago

    $360 end of day - Melvin's going to have to pay interest on THAT amount.

  • Arizona [none/use name]
    hexagon
    ·
    edit-2
    4 years ago

    current top post: https://old.reddit.com/r/wallstreetbets/comments/l6c5tg/just_read_a_new_york_times_article_saying_the_sec/

    SEC investigating WSB

    • SacredExcrement [any, comrade/them]
      ·
      4 years ago

      Well yes, we can't have 'the poors' fucking over the rich. But letting hedge funds carry out obvious market manipulation? That's for the greater good!