I'm not sure if this is supposed to be posted here but I'm not sure this would be welcome in c/wallstreetbets (lmao) either. It's just sad and dispiriting. Not really gonna say more about this because it's been pretty draining tbh.

Also, before someone says "well I don't think it's WRONG to talk about this, and I don't think it's praxis, and y'know I had to pay rent and spent some money on this and I just like laughing at Melvin eating shit and...." cool, I'm not talking about you, you know which people I am talking about.

  • Pezevenk [he/him]
    ·
    4 years ago

    It’s ill advised to assume people really know the uselessness of the stock market, many people cant fathom how it works are likely just lean into “it does”.

    Well chances are this isn't gonna change things. Like, it literally took a massive shit in 2008 which cost millions of people their jobs, but they still didn't figure it out, chances are they won't figure it out now either.

    As for it’s new outreach, i suppose it depends on where you get your news. I didnt seek any of this out, infact i would probably only know about it from reddit chatter or my brother who invests on Robinhood if it wasnt posted here at all.

    Exactly. It's big news on reddit. Extremely online people know about it. The rest? Eh.

    • Grownbravy [they/them]
      ·
      4 years ago

      We cant convince everyone, but the effort’s gotta be made to convince someone

      As for the news, for all we know it’s probably left out of the news because:

      1. It’s financial news (boring!)
      2. They could be legitimately afraid of larger numbers of retail purchasers coming into the market.

      On that second point they could be afraid that people would see it’s the hot new stock and buy and hold, which is the last thing any firm wants. These people will probably be hurt the most when the stock tanks, but they dont bother to think about that.

      • Pezevenk [he/him]
        ·
        4 years ago

        We cant convince everyone, but the effort’s gotta be made to convince someone

        I agree. This should be the default. I disagree with the overestimation of this as an opportunity, and especially the people pretending stonks are praxis.