Permanently Deleted

  • join_the_iww [he/him]
    ·
    3 years ago

    The rich are losing money

    That's not completely true though, there are a fair number of rich people gaining from this too.

    This isn't poor vs rich, it's:

    • poor
    • petit-bourgeois
    • some rich people

    vs

    • a specific few poorly-managed, hubristic hedge funds who didn't expect to be squeezed
    • congressbaseballfan [she/her]
      ·
      3 years ago

      There’s a number of rich hubristic hedge funds who are long GME derivatives too lmao

      The worst thing is seeing billionaire sssholes like Elon musk and the winklevoss twins and other venture capital Silicon Valley ghouls going off about how this is sticking it to the man. Nice try but that won’t save them from Central Park

    • bigboycumminthru [he/him]
      ·
      3 years ago

      people truly don't understand how stratospherically wealthy the few wealthy are. even the guy who started this had 50 million total yesterday. like, that's 1/4000 of elon musk. that's 1/20th of a billionaire. and there are maybe a few whales like him before a long distribution on the way down.