Reply to Can someone dumb it down for me? The GameStop/Robinhood thing?

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Reply to "Can someone dumb it down for me? The GameStop/Robinhood thing?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The big money guys screwed up and got caught with their pants down by a middle class dad from Boston.  He then told a message board what he discovered.

Hedge funds gambled that the stock price of a mall retailer would drop.  They were so confident in that bet that they borrowed millions and exposed themselves to unlimited downside.  The internet nerds figured this out and took advantage.[/quote]

Yeah but all the people buying at the top the past few days? Regular investors. Now that the price is crashing, they’re losing money.

So it’s not so clear cut as David vs. Goliath with David winning.[/quote]

I get the feeling the little guys mostly don’t care if they lose their money, as long as they’re sticking it to the hedge funds who were doing naked short selling.  It’s very much an “eat the rich” moment, and the hedge fund guys should be glad they’re just losing their shirts, not their heads.   One of their peers called them out for the unbridled greed that he was seeing, and how it was going to lead to civil unrest if it wasn’t corrected.  He’s been shouting this from the rooftops since 2014, and now we’re seeing it come to fruition.   https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014[/quote]

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