Like, maybe some failson at a hedge fund will take the fall for this and get hired in the same position somewhere else within a month, but the people who are going to get hurt the most are the poor people who come in last minute, think they're making a safe bet with their meager savings during a fucking depression, and get burned big time

  • zifnab25 [he/him, any]
    ·
    4 years ago

    Counterpoint: These stock moves are actually countering the work of vulture traders who have engineered methods to deny struggling firms access to low-interest credit in order to restructure during a downturn.

    By flipping the script on short sellers, online idiot savants are undermining a mechanic used to gut and fleece the service sector in the same way they'd historically gutted and fleeced the industrial sector.

            • Huldra [they/them, it/its]
              ·
              4 years ago

              THE ONLY PEOPLE WHO LOSE UNDER THIS SHIT IS DESK WORKERS AND OTHER INCONSEQUENTIAL PEOPLE, YOU CANT FUCKING START POINTING OUT "smug nerd self-satisfied attitudes" AND THEN FUCKING CALL PEOPLE CLUELESS FOR RECOGNINZING THE REALITY OF HOW THE PROBLEM PEOPLE ARE FAILING UPWARDS CONSTANTLY, GOD SHUT THE FUCK UP.

        • Huldra [they/them, it/its]
          ·
          edit-2
          4 years ago

          The house is the whole bourgeoise, you get one firm and another takes its place, staffed with the same finance ghouls because literally no one faces consequences for this shit, it literally is nothing but a symbolic victory.

          Edit: Like the closest the house came to "losing" is during any of the massive crashes but even then the house always lives, its just that some individual inhabitants who work regular desk jobs moving stocks for these firms might lose.

        • RosaBremen [she/her,they/them]
          ·
          4 years ago

          The house is not individual capitalists. It is the system as a whole that is able to adapt and continually perpetuate itself.

        • sailor_redstar [she/her]
          ·
          4 years ago

          The 'house' here is the capitalist system itself. This is an opportunity for other firms to buy out the ones that lost in this event as part of the ever-increasing trend towards monopoly. Sure certain ghouls are losing some money and status (not enough to actually have to worry materially though) and will cry about a lot sure. But this isn't really bringing us any closer to liberation, and while we should point out the contradictions sure, we shouldn't be engaging in stock speculation.