How Reddit almost CRASHED the Economy with a meme.
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- Опубліковано 8 тра 2024
- The GameStop short squeeze has probably been one of the biggest events in recent Internet history, completely disrupting the status quo of the financial world of billionaire hedge funds. What happened with WallStreetBets, Reddit, Robinhood and the Stock Market will probably linger for years to come as a turning point in internet culture. Today we recap the events and talk about the larger implications, although there are most certainly many ramifications of this story that have yet to surface.
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SOURCES:
Interesting piece on how the stock market is being manipulated:
bit.ly/3kh4G39
On short selling, Tesla and Gamestop:
on.mktw.net/3qMwkaJ
Most heavily shorted stocks in January of 2021:
bit.ly/2ZJMS7q
Hedge funds losing billions of dollars:
bit.ly/2MkFIna
Robinhood capital infusion:
on.ft.com/3usvG4H
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CREDITS:
Andrei Terbea - Lead Animator
Stefan Popa - Assistant Animator
/ jtefe.ro
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MUSIC:
Background track: "Delusional (Instrumental)" by Spring Gang
Outro song: Joakim Karud - "Loudness & Clarity"
/ joakimkarud
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#GameStop #Reddit #WallStreetBets - Розваги
Imagine getting bankrupted by someone named Deep Fucking Value
Or BigPotato-InMyAss
bat hindi ka pa patay
@@lordemerites1335 what lol
An unexpected, but pleasant surprise
@@lordemerites1335 अच्छा लगा दुसरे हिंदुस्तानी को मिलके!
The funniest thing I find about this is that a person who has studied the stock market for years is being beaten by someone on the internet named furryunicorn69.
amogus
@@varyingcontent1836 sus 😳
Thats why we say never judge a book by its cover
Imagine Joe Biden had to say all those Reddit Usernames on National Television with a straight face! 😂
Yea imegine having to study it and than some xXxdemonslayer69xXx beats you.
Robinhood: *gives to the poor*
The poor: "Yay I'm rich"
Robinhood: y o u a r e w h a t
There are lawsuits ;-; he could go to jail if he didn't stop
hippity hoppity your money is now my property
@@eyeover7307 it still inside your personal bank acc, bruhh does anyone ever think that there are laws???
@@fbi559 do you not get the joke
that's called **COMMUNISM**
I like the fact that He used the Monopoly guy and the Pringles guy as the Wallstreet billionaires
And the Pringles guy could miraculously keep munching more Pringles throughout the video (regardless of how catastrophic the whole event was), making the whole episode more of a comedy right out of fiction than non-fiction. Pringles is da man.
To be fair, the monopoly guy is literally CALLED the monopoly guy and if you know what a monopoly is that makes sense, and the pringles guy is evil everyone can agree, i don't know where it came from, its just a common joke, the pringles man is evil
if I’m scorpion and you are six scorpion…. where are the rest??
Y’know, the monopoly guy’s name is Rich Uncle Moneybags, and the Pringle’s guy is Julius.
@@scrp6638 huh...
imagine studying the stock market for literal years and losing billions to people who call them stonks
Stonks
*stonks*
Stonks
Well they just didn't have good enough gaming chairs
Stonks go brrrrrrrr
The entire situation summarized in one sentence: Billionaires complain because capitalism worked against them
@@joeligbinomwanhia6409 well, it only happened because the hedgefunds got too greedy
Should've went with communism with the comrades
@@potato1094 My man even if you were joking, you're gonna get bombarded with :
- Vuvuzuela
- Communism killed 100 trillion people
- Communism killed my Cuban granddad
- The USSR killed more than every natural disaster , disease and war combined
- Gulags killed hundreds of millions
And more.
Godspeed my man.
@@HottestBrownMan you do know that wasn't even 100 trillion people in any period of time
@@joeligbinomwanhia6409 Not really.
The wealth disparity has been getting larger ever since the 70s and hours worked has been getting longer however wages ( adjusted to PPP ) have been stagnating.
Even if the redditors were successful , so what?
The rich will still be rich.
As the stock market goes through this bear market phase of declining prices, it is not surprising to see newbie investors get worried about their portfolios declining in value. In the short-term, you have zero control over the ups and downs of the market (driven by emotions, manipulation, news, algos etc..), SO there is no point trying worrying about it. The only thing you should is to either ignore it OR take advantage of it (consistently adding more shares at discounts).
In investing, no one can predict the market with certainty but we put the odds in our favour by trading high probability price action patterns and managing risks. Sure strategical trades could also be put in place to earn too but such trades are usually been carried out by top experts
@Barb. Very well articulated; I wish I had more time for trial and error, but l'Il be 40 in October and I need ideas and advice on what investments to make to set myself up for retirement, especially with the looming recession and current trends in the market. My goal is to have a portfolio of at least $1million at the age of 43.
Lol 😂, I’m no financial expert but having a pro guide you is important. I've delved in stocks, bonds, ETFs and real estates for long term gains with the help of a renowned investments advisor, Kevin S Mikan.
He's been assisting me all through, I just pay commissions from earnings. You can search him up and get in touch with him.
@@barbborstein7640 This makes sense, I’ve been investing for a while now and tho I’ve made profits in the past I’m afraid I’ve wasted a lot. What stocks do you suggest I invest in? have you got any pointers?
Well with Kevins' oversight, I’m still going hard on this crazy market and I'm doing just fine. My portfolio currently up 43% right now. I've been able to select well run companies with strong finances and a history of shareholder friendly management practices that have made me good gains in the past months. Good man 👍🏻
"nooooo you can't manipulate the stock market, only we can!!"
they got what they deserved
Idiot, they got a HUGE payout.
In January, retail investors, often co-ordinating their actions on Reddit, drove up the price of GameStop by as much as 2,400 per cent at its peak during a frenzied period of market moves. That delivered huge gains for Senvest, which emerged as one of the biggest winners in the volatile Reddit trading saga, finishing January up 38 per cent and the first quarter up 67 per cent. Others were not so fortunate, with funds including Melvin Capital that had bet on a falling price suffering huge losses.
haha stonks go brrr
I love it when capitalism works
"Let the people trade"
People: *trades*
"You're not supposed to do that"
Robinhood went from Robinhood to the Sheriff of Nottingham really fast
It's weird indeed. Everywhere I comment, people tell me how much they love me and my videos. Sometimes it is annoying. But right now it would be okay. So say something nice about my content, dear bro
@@AxxLAfriku your comment is weird and tryharding, that you make me not even want to just look at your channel
@@AxxLAfriku self promoting is not the way of achieving success on youtube so please don't.
@@AxxLAfriku WeirdChamp
Reddit: Wanna hear a joke?
Millionaires: Sure
Reddit: Money
Millionaires: I don't get it
Reddit: Exactly
This joke sucks...
Wait a minute
Im not sure if i understand it or overthinking it. But , if im not overthinking it then thats a pretty good joke
@@imhomewiththemilk press read more
(On My Original Comment)
@@popecarp well they are now billions in debt lol
oh, well then its a pretty good joke.
howd yall come up with these jokes , theyre pretty funny
@Srikar Bhuvanagiri ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻
Economic crashes before
“Bro the economy crashed”
“That’s crazy, this is terrible”
Economy crashes now
“The economy crashed”
“K”
Yeah the massive income inequality has caused the stock market to crash on the regular.
Plus the economy of most developed nations are too powerful to feel any long-term effects most of the time
@@christianwhittall5889 actually is because they print money delaying the problem, every government and institutions are highly in debt and one day everything is gonna crash
When the economy crashes BUY STONKS BABY. And when the economy booms sell. You’ll make millions eventually(if you buy stocks from companies that don’t have a shit ton of debt). Just when the economy starts going worse and worse buy more and more and when it starts getting better and better sell more and more
Moral of the story: no matter how powerful someone seems, the underdog can do an alarming amount of damage if they play their cards right. Someone studying the market for YEARS almost got yeeted by a Reddit troll😂
like no-hitting the final boss at lvl 1 at some game
The last sentence had me weak
"Bulls make money, bears make money, pigs get slaughtered." They became pigs, and they got slaughtered when people realized, "We can buy up the shares and not lend them to short sellers, who will then have to buy from us at any price because they have to return their borrowed shares."
*Old Rich People: If You Working Class Want Money, Buy Stonks*
Working Class: *Buys GameStop Stonks
Old Rich People: You Weren’t Supposed To Do That
Hmm... I thought you were rich... something ain’t adding up...
oh yea I love this, let me write another
old Rich People: I'm independent papa America I don't want your help.
*brother working-class legally works the system*
old rich people: PAPA PAPA HE CHEATED! HELP ME
Ah a fellow memer in the internet we don’t say stocks we say stonks
u got a sml character lmao wasn't expecting that
such a cringy normie meme
I read something on Twitter that perfectly describes how I feel:
"I don't understand anything about the stock market but I sure do love seeing billionaires cry"
Yeah that’s basically my view on this
m.ua-cam.com/video/Rbx3FJudaZA/v-deo.html
@red venom I agree 101% on that with you .
@red venom No. Him too. No exceptions.
@@montanus5661 no. Some exceptions.
Thanks for this amazing information !!
Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong and trustworthy portfolio in order to produce passive income.
Without a doubt, the Fed is to blame for the exceptional catch-up measures currently in place since they were initially too slow to control inflation. The outbreak, supply-chain issues, and the state of Ukraine are all contributing reasons to the impending inflation perfect storm. Not to mention the steep rise in housing costs, another aspect that makes it difficult for the Fed to keep inflation under control. In conclusion, if you have the money, remove it quickly away to take advantage of the high savings rate.
I concur; I've been in frequent communication with an investing advisor for more than 17 months. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coaches by some.
@@alexanderjames3043 I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
@@thomaslewis514 My advisor "Ruth Loralann Brennan’s " , is a highly respected financial consultant in the industry. For further information or to connect with her, a simple online search with her name will suffice. I wish you every success in your endeavors
@@alexanderjames3043 She has an impressive profession and impressive qualifications, so I can see why she is so busy. I thus quickly copied Sharon's full name and entered it into my browser.
I'm still not over "What should I do?" "Draw a green line upwards to the right corner of your screen"
*why does animated elon musk look more like elon musk than elon musk*
*Realization* wak..
:ooooo *interesting*
@ZESHA UDDIN YOS
@@rubywilde6281 hi
Wat
Rich people: *manipulate the stock market fpr their own gain*
Reddit users: *do the same*
Rich people: wait no
That's so evil noooo :(
reddit users didnt even manipulate the market
fpr
Rich people: god i cant beleive that the poor losers arent using the stock market and staying in debt what actual morons
Poor people: buy stocks
rich people: wait no stop please
@@gregorandriom1087 watch the video
I like the detail at the monopoly game where the giant hedgefunds ONLY have 6’s on their dice, resembling their power in the stockmarket, nice touch!
NICE
But then they'll keep rolling doubles, and eventually spend more time in jail than actually playing.
@@Letso-S-Relaeng I think that's also the point
Redditors New Motto: “It’s Not About Money, It’s About Sending A Message.” 😜
🤡
@@puddlejumper6103 :D
🤡
🤡
The first event that united liberals and conservatives in years...
only americans care about this nonsense
@@gidd true
eat the rich
@@gidd not really.... I am not even American and I find this intriguing
@@gidd Isn’t Andre Romanian
My history teacher was actually the one to introduce us to the whole gamestop stockmarket controversy and seeing how he's young and has been buying and trading stock for years makes me think that he was one of the redditors who bought a bunch of gamestop stock lol
Lol
Lol
Lol
Lol
Lol
Never have I been so proud to be a Redditor. We may be shitty people, but as a wise man once said.
*"Professionals have standards."*
reddit moment
Ofc a wise man name sniper said that which is true
" *Reddit's a good job mate* "
@@theholypeanut8193 exactly
@@theholypeanut8193 It's challenging work, indoors, you're guaranteed to go hungry.
The reality of investing is that most traders just want to invest and make money overnight not like that's impossible,but you'll already have attained a high level of experience well earned from days put in the market. Nothing beats the feeling of passively earning consistently from the financial markets, it's always very reassuring and resourceful. Last I checked, I still can't remember when I had cash subsidy
Becoming a professional trader isn't for everyone I've seen so many occasions where many still doing the 9 - 5 are earning fat incomes letting fiduciaries be at the helm of their investments affairs and that's simply how they became big beneficiaries of the financial markets. Sometimes I just wish I found out sooner because all I've been doing is incur losses from different trade occasions, initially I thought the market operates mostly on luck but to my expectations it ain't even a get rich quick scheme and it's even more complex than I imagined.
Being cynical is a very bad attitude most newbie traders seem to always work with, going into the market believing it's a get rich quick scheme is very delusional, you can't just expect to jump into something you've never done before and try to match or beat the complexity of the market at on single go, you might make profits but on the long run you'll lose more than you've gained. Lately I can proudly say my portfolio has definitely been on steroids because the gains I'm consistently amassing from my investments in stocks, crypto and real estates due to the markets current hot state is just colossal, I'm imploring aid from a licensed expert trader and perhaps that's why my investments are being guided through a lucrative pathway, with the proficiency and experience of Noud Mikan a FINRA regulated trader and risk analyst I've successfully acquired life long wealth over long term investments. Over the years of partnering with him I've been able to grow and build a 6figure portfolio and as of now I am earning around $51k monthly
bigger issue, that kinda thing only really happens with day tradeing... witch your only aloud to do if you have a $25,000 investment account....
You don’t really have to have experience. Once a cat that randomly chose stocks by walking over them, the cat made more money than professionals.
You can carry out your own research by searching his name on the web for his bio page and then you can easily contact him from there on
I really didn't understand this at first
Go too reddit those cute funny aliens
Just too understand it
@@Shiv-dw9pc noscopeing like momment
Me too bro
sAmE
investors: about to bankrupt gamestop
internet: hippity hopity, gamestop is not your property
lol
well technically it was their property
@@dottyman7251 wtf do you mean.
@@Murpler gamestop shares were circulating around the hedgefunds before reddit that's why there was 140% of gamestop shares shorted
Bankrupt GameStop? Tf
With respect, if anything can be crashed with a meme, maybe it deserves to.
Rich people: manipulating stock market for them
Reddit users: *repeat*
Rich people: wait no
Robinhood: "You either die a hero or live long enough to see yourself become the villain"
That actually makes sense with the situation, these Reddit people Will now become though billionaires with cigars in their mouth......
@@TannerTani yeah but they ain't gonna hold it
No two face
@@broncosfan303- that is probably true
They Say it is easy to get rich, the hard part is staying rich
@@TannerTani I don't want to be the "aCtuAlY" guy but the people, the common people shared their wealth with the communities such as paying for the operations their friend couldn't afford or paying the student loan debt of their family members and I find that intriguing.
This should be updated to “How Reddit could STILL crash the market” LETS GO BOYS
@Laura Brown bot
Round 2, electric boogaloo
gotta admit, today was brutal. Sheer panic at market close, but I'm still holding. HODL!
Apes together strong
lol
My step dad actually lost his job due to hedge funds, they basically bought half of the company’s shares, force the big guys of the company(CEO’s Presidents, etc..) to leave the company, and slowly but steadily fired dozens of people in waves going from the top of the company to the bottom, so they can hire new people for smaller pay
Oof...
Money… Capitalism at its finest. This is why entrepreneurs are growing
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@harrisonjamie794 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@jesbensommichael8397 I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@harrisonjamie794 Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.
@@jesbensommichael8397 MARTHA ALOSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
basically the moral of the story:
"apes together STONK"
More like "apes together *STONK* "
*apes together STONK*
@@gloomy_nightflower7007 that is what I said...
@@goldpaulike5304 *damnit i was gonna make the same joke*
*APES TOGETHER STONK*
*APES TOGETHER STONK*
Redditors be like
“Reality can be whatever I want”
When only a small percentage of reddit did it 😳
Now imagine if there was more people
@@Sun-ed9hd there are more people. About 300 million more.
I bet only 0.2-0.3% of redditors contributed lol
@@notshubhransh yeah, it is like a “reddit we did it” situation where they are all patting their backs when most contributed to nothing
The Internet: *You Underestimate My Power.*
Imagine losing your money to someone named APESHIT
*As a wise man once said :*
_"Only when a mosquito lands on your testicles will you realize violence isn't always the answer"._
This wins
are you sure about that 👁👄👁👄👁👄👁
nice
wise words
🤣😂🤣
Most of the rich: invest in stocks to make money
People: ok
Most of the rich: wait a second
I think it’s just hedge fund investors not everyone who’s rich
Hedge Funds: tHat'S nOt HoW yOu pLaY tHe GaME!
is your cat really named melon
could you give Melon some cuddles for me???
@@DiamondOre-ep8to There is a correct way to play the game, neither side is doing it tho lol
This video alone was helping me understand shares, stocks, and values. Thank you and I understood everything lol
It's a very biased explanation and misses the point of both hedge funds and shorts.
Fun analysis! Looking forward to seeing more “complicated stuff made simple” from this fantastic channel in the future!
Reddit didn't crash the economy. The economy crashed itself.
Says Osama
HAHA
Big fan of ur work ❤️
@@abodhq549 💀
Next you’ll be telling me America ruined itself
nvm
Rich people: You should invest in stocks
Reddit: Invests in stonks
Rich people: *Thats not how you’re supposed to play the game*
"play the game"
Shit.
copy of @Richard Goodman
Yes let's go after EA and Ubisoft next
@@emperorarkoos2919 yeah “reddit” is def going to beat the biggest game devs
@@cryopex9976 yea I know its crazy but I'm just sick of those companies
I was the one who said "apes together strong" in that raid.
THE LEGEND
The legend himself
Hey I recently discovered your channel and I have now been watching it all day, and it feels nice to find someone who I can agree with, I’m also happy to say I was a part of this, keep up the good work
Imagine if Reddit trolled the entire government.
Friendship is magic
Reddit would be fucked up
THEY COULD DO THAT
dont make any ideas
Must resist... Giving like... Must ... Mantain... 69...
“Maybe the real stock market crash was the memes we made along the way” ~ A redditor, 2021
Lets do it to EA and Ubisoft next .all greedy and corrupt companies shall suffer and burn!
@@emperorarkoos2919 not how it works, they have no weakness in the stock market atm to my knowledge
@@idioticlight so we create one
@@perryzheng8372 what do u mean?
@@crazydog3307 you can't, the thing that will hurt them the most is crashing the economy, but you just need to invest in gamestop for that
Neatza! Ai content atat de bun făcut! Și animațiile sunt super bine făcute!
Faine videouri pe canal! Keep it up!
"It's not about money, it's about sending a messege" They said...
both
Yup.
message*
@@halo3rat504 massage
If you get some money out of it as well,no harm done
Redditors: "This economy's gonna be the fcking best."
Woz the Scott reference?
@@chebic5095 woz the scott, he's good right?
@@raymonddfigueroa8382 he’s working on stuff if u look at Twitter
6:39 the oddly Satisfying moment.
My sister brought up the whole Gamestop Stock price shooting up and Wall Street getting mad at dinner one night. I found out the next day that it was because of Reddit and I wasn't even surprised.
This is what sucks about america. Big companies _can't_ fail, they get bailed out. But individuals get no such treatment. It's socialism for the rich, capitalism for the poor.
That's why America should've voted for Sanders.
@@weareyb9966 "I am once again asking for your financial support"
@@karl9743 okay weeb
@@weareyb9966 Then every one would suffer
Socialism has always favored to rich and powerful, it has never benefited the working man anywhere it's been tried.
Nobody:
Reddit Most likely: We’re doing a sequel
If they do a sequel I want in on it this time. I didn't even know the first thing happened until it already happened.
They're working on it, I've seen quite a few conversations on a 2nd round
They're planning round 2?
@@SpoonR24 from what I've seen.
2021 really be bizzare huh
I searched up “that on animator with a purple goose” to check on you
also, no one coordinated, we just happened to like the stock at the same time, and I like how you talk about it like it's the past, we're still in it, with more share than ever lmao
This just shows:
Our so called lazy asses on reddit can make billionaires go bankrupt without leaving our gaming chairs.
And they said we couldn't do it.
Fr. 🙄
I love how you could see in the news that the mere fact that this was possible scared them shitless
It’s not “we” A small portion of a single subreddit did this not all of Reddit
@@aname6104 communism lol
@@user-jp3hc4ux4e WE did it
I still have a hard time understanding this whole thing
Same, man
basically: big guys in suits bet that gamestop would lose money, and reddit was like 'nah fam' and got a bunch of people to buy gamestop stock and therefore it made money, and the evil guys in suits lost all of the money they bet (and them some!) and were all like, 'your not supposed to do that!!1!1!
hope this helps!
Ok, so basically, you can let others borrow/buy you're stocks (stocks are like parts of the company that make it full) and if the price goes down its more money for the person who sold it to you (you have to pay up the missing ammount that you lost, because they gave you a part that was worth more than that). Now if the price *rises* then if they want what they let you borrow/buy back, they're gonna have to pay the ammount that it went up for and you get the money since you're the owner of those stocks.
Now, these rich guys can manipulate the price of the stocks, so that they don't have to worry about the price going up (when the price goes up then they have to pay for the ammount it went up for, if they want it back).
Now reddit users basically bought a bunch of stocks from gamestop, and now since the demand for gamestop was insanely high, if the rich people wanted they're stocks back, then they would have to pay the price, (which was like 4x more expensive than what it was before they sold it for) if they wanted to buy it back now, then they would lose alot of money since it was worth even more than what they got for selling it, basically losing more money instead of gaining.
And as for the redditor's, they were now the proud owners of stocks that were worth like atleast 4x more money than before, and since they kept buying, the demand for these stocks became so much that gamestop stocks became scarce.
Rich people who were making money from people who owed them, ended up losing millions since they could no longer buy more stocks for the same price and instead had to pay even *more* for those stocks.
@@liveatlast4759 ok now I get it, thanks
Same dude... Same...
Looking forward to part 2..
Loved the vid
I sent my father this video because he was confused of the whole situation. He said that this was the best explanation his ever seen of this.
What does he think of the situation?
@@Tallzom stonks
@@Tallzom Mega Stonks
@@DiaJasin terra stonks
@@Juan-mw5tt giga stonks
A wise man once said:
"How do you feel about the socioeconomic climate in America?"
"I think hamburgers and cheeseburgers work well with fries."
this guy knows whats up
This man speaks the true, take my like
words to live by
Thank you angolan general of UNITA savimbi very cool
The wise man: ...What?
Nice! Please make more!
this proves internet could be a dumpster fire, and a dumpster fire that can burn the villain's lair
Gamestop: I'm dying
Redditors: on your feet soldier were leaving
I saw it as justice. I literally hated how billionaires manipulated the stock market and it wasn't fair at all and how robinhood's slogan was a joke and sided with billionaires. This was us fighting back and yes I took part in it.
POG
o7
o7
Thank you for your services to the masses.
@@ghasthordegd1201 Don't know what that means but your welcome...I guess?
your animationsa are great...subscribed
Subscribed! Beautiful content.
“Do you admit to manipulating the market? Yes or no.”
Robinhood CEO: “Great question. When I was a boy in Bulgaria-“
I am not a cat
@@alittleantidote5852 ok
He is shame for Bulgaria!
Wait he's Bulgarian? ...THE SCOURGE OF THE BALKANS HE SHALL BE NAMED!!!
only deepf*ckingvalue answered all of the questions in the hearing
This is why I love Reddit
@Hamsa Alasadi I see no problem with the *NSFW* content, there are settings in which you can avoid it lol
redditor
@@reihn8203 look i love redditmoment and all but ffs liking reddit doesn't make you some turbovirgin
@@carbonfibre_ redditor
"Me too"
*Cyberbullies a fortnite kid*
Wholesome Big chungus Keanu Reeves redditor moment
You make everything interesting in a simple but unique way. I would love to watch your explanations on NFT 😁
Ahhhh man i love your voice and your animations so much!!!❤️❤️❤️
My mother is a wealth manager and I told her about this and she was just like “Wtf are you kids doing?”
We are doing Stonks
Just wanna say hi when this gets popular
@@zytrvx8528 Hi
Just wait until she witnesses silver & the destruction of fiat...
I’m a Financial Advisor, and it was fascinating to watch what happened last month. Will be written in the textbooks for sure.
It’s insane how those giant edge funds suddenly don’t think so much about “free market” as soon as things don’t go their way.
All is fine, as long as the rich get richer. And the poor grow poorerererer.
@@Flamme-Sanabi that a stupid and socialist argument the rich just get rich faster 20 years ago the poor wouldn’t have phones now they do life has gotten better for everyone everyone has gotten richer stop using failed arguments to further your hammer and sickle crossed agenda
@@Masonpapa no thank you.
@@Masonpapa
Lol, the point is this dudes don't care about the free market, when threatened because of their bad decisions they will throw their talking points of libertarianism out the window.
Why do you, as a libertarian, defend those who clearly don't believe in the free market when it hurts them?
Seems to me the indoctrinated is you lol
@@webaazul2500 well said
Wow, I actually learned smth new and interesting 😧, thanks dude! 😄
Great video.
It wasn't really "coordinated" in order to market manipulate but more like
"hei guys this looks stonks"
_"uhm yes very stonks"_
and the rest is history
We just like the stock
this is by far the best way to explain the whole situation tbh
m.ua-cam.com/video/Rbx3FJudaZA/v-deo.html
We can't lose Gamestop like we lost toys-R-us.
U guys lost that? Theres one like 5 min walk from me
@@randomperson8994 their are a couple stores left, but not many.
Don't forget about Blockbuster. R.I.P.
Is it really a loss GameStop kinda sucks
@@HTONY_YT you must have not had a good childhood if you didn't go to a gamestop.
Even though they only gave you like 3 dollars for you game, its still nostalgic.
4:08 I now just got a robinhood ad when this came up
Same
Same
This is amazing!
The fact everybody says "I'm not a financial advisor" shows how scared everybody is of being sued over all of this.
what do you mean?
@@bonjolor8298probably means Andrea doesn't want to cause any misunderstanding. Plus if he didn't clarify, someone might misunderstood and called him out.
Yeah, liability....
@@saeejuhari9330 it means “I’m not responsible for you losing your own money in the stock market, I’m just open on my stance”
@Darkstar ok but why should they listen to you? lol
Everybody gangsta until the Internet Community teaches you a lesson.
Facts?
Facts!
Great fact
Everybody gangsta until the Internet bands together to find the Terrorist’s Secret Training Camp(s) through the videos they release.😯
@@Spartan11117777 we gonna be naruto running to that camp XD
The squeeze didn't squoze yet. Rocket hasn't left yet.
Dude, I like your channel. Keep speaking the truth, man.
"seems like GameStop shares have returned to a normal level"
GME 2 days later from 40 to 100$
@Isaiah Stovall its the ticker symbol for GameStop
@Isaiah Stovall It's what the stock is called and is the same as how Tesla's stock is TSLA
m.ua-cam.com/video/Rbx3FJudaZA/v-deo.html
@Just An Awesome Guy i said 2 days later
Billionaires: **Kill gamestop stocks**
Reddit: **Destorys Billionaires**
Reddit: gonna cry
Lol this was funny 😆
Your pfp and username makes this ten times better
Wanna cry would be a better reference xD
@@TheVandive if it were 4chan then we’d be going for “Umad”
@@scriptedreality2330 yes
I was looking for interesting and them i found this Channel, and i need to say, YOUR ANIMATION STYLE IS AWESOME!!!!!!!!
We need a pt.2 of this!!!
Redditors: [does to Wall Street what Wall Street has been doing to regular people for ages]
Wall Street: "You dare use my own spells against me?!"
...potter
Rich people getting mad at others getting rich, yikes
He says it almost “crashed” the economy. It was literally just the redistribution of wealth within the stock market economy.
Thing is that the economy is composed by the wealth of the big boi companies that work in conjunction with governments(aka 70% of the economy). The other 30% is composed by hard working people who the get that money stolen from them through taxes and some other bullshit.
In short the when they say that the economy will crash they mean that the big boi companies will lose money not the workers.
@@ryanlopez3945 I’m not sure those numbers are accurate, but it’s still money trickling down from the wealthy to the poor (aka the redistribution of wealth).
@YoungOasis Yes, in a free market economy, hedge funds went down. However, it is still the redistribution of wealth from the rich to the poor. It doesn’t matter how many of them fall, the economy doesn’t crash if hedge funds in the market fail or go bankrupt, it is the movement of wealth from one place to another.
@YoungOasis In conclusion, just because some hedge funds crashed, doesn’t mean the stock market did.
@@ThePaulper if the big people that had billions in the stock market went bankrupt and were unable to buy back the stocks at the prices they had too it could potentially crash the entire market as they are invested in other businesses as well, leading to a massive drop in the value of all of the companies involved in the stock market which would hurt everyone, that’s why some people disagreed with the whole ordeal, it was only a bit short of causing a massive crash
Hey, Andrei I actually used this video as a source for my essay for college which is writing whether a company is trustworthy or not and I chose to write how Robinhood is not trustworthy. Wish me luck! :D
the add before I could watch the video was a Robin Hood ad lol 4:01
“Reddit crashed the economy” is the equivalent of “I didn’t shoot the gun the gun shot itself.”
I like how pringles and monopoly mascots are the greedy hedge funders
*changes your logo for no reason*
monopoly mans official name is "rich uncle penny bags"
I went to key west a week ago and the dude in the thumbnail is on a lot of shirts dude your famous down there
They both look like the stereotypical fat cat.
Oh my god. In the middle of you explaining what Robin Hood was, I got a commercial through UA-cam on my phone for Robin Hood
I can't believe that it's already been 6 months since this happened. Time is going way too fast
I learned more about STONKS in this video then in 8 years of school
Same.
I've seen a few GameStop videos, but this was the first time short selling was explained in a simple way for my peasant brain
@@soragirl9 Yeah the first GameStop video is actually fun to watch, I agree.
I'm...confused still about what the guy was talking down. Can anyone dumb down the video for me
@@chrono-glitchwaterlily8776 what don't you get
The short selling
Or the entire thing?
Imagine posting this and not knowing there's a round2.
I know right 😂 hedge funds have now entered their 2nd black hole. 😉 Last I saw stock is at $145
What's the round 2?
@@extraziadeh gamestop investor's shot the stock up crazy after the Gull Congress testimony 😂
@@scottdenn5545 whoa
I got an ad about stock markets before I watched this video.
This is my first time watching a video about stocks.
The visuals of this video are SUPERB