When hedge funds manipulate markets: "Yep totally fine" When BigChungus420, NoobMaster69, and PussySlayerXx manipulate the markets: "Wait that's illegal"
I get what you're saying, but this is still going to go down in history, and the fact we still LOST is an even greater lesson of how, in the end, the little guys are always losing. It's greater evidence of a broken system. There's market manipulation on both sides, everyone knows that, but that's because the point of it is to make a bigger profit. And to make a bigger profit, you need to employ these shitty tactics that you know are shitty. Since the richest and most successful people will always tend to be the ones that find the best and most optimal way to exploit the broken system, do you think you have any chance if you try to make moral decisions that don't exploit people? Absolutely no chance. And the point of the game is to strive for the top, to always prioritize profit. The end always justifies the means, because this is how the system is supposed to work, in order to make a profit and survive in the rigged competition. It is still preferable that WSB are the ones exploiting the system rather than the Hedge funds people. The tactics are shitty, wrong, and they hurt people, but this is the case regardless of who does it. I have a bit of an accelerationist view on this because I think that if these things will keep happening, more and more people will be conscious of what exactly is happening and how this broken system primarily benefit those who created it and who have the capital to manipulate it the best. It is SAD, very SAD that we still lost, even after all of this, after we supposedly "won". It was orchestrated most likely. Personally, I think the original scandal really took them by surprise, when some people started making money (or rather... stealing money from the rich, classic Robinhood story), but when they analyzed it and looked into it further, they found a way out, they employed other, different but equally (morally) bad strategies to escape from the consequences of their own actions, the risk they took. The problem is systematic, I believe this is how capitalism is supposed to work, it is how it tends to work. If it wasn't systematic it could've been fixed before any of this ever happened, as I saw in the video, even Bill Clinton wanted to stop the thing he had created (or rather allowed to happen) yet he could not. Oh, and I also wanted to touch on the argument that "it hurts smaller investors" because that one is especially interesting to me. Just think about the one golden rule of investing, only invest what you are willing to lose. If this rule was to be respected, the small investors losing money wouldn't be a big deal because it would've been money they already decided they are willing to lose. To me, this reveals something very interesting. If you, as a small investor, knowing you have little power because you don't have the same capital as the other, bigger guys, rely on stock trading without following the golden rule, and you are upset because you lost money that you were not ready or expecting to lose, then according to the rules you just give up and go bankrupt if it's that bad, or you suffer the losses and deal with it. Those are the rules of competition, of this system. It further goes to show how absolutely broken it is. How it affected smaller investors MORE rather than greedy hedge funds. Does this mean people should just stop trying to tip the scales because they're afraid they'll hurt the smaller investors who willingly betted money, and cry when they lose it because the system is broken and if people coordinate attacks they can brute force it to do whatever they want? Guess what, people coordinate attacks anywhere on the spectrum, regardless if they're poor or rich. Only the rich can do it better since they have more betting power and capital, and they essentially control the system. Claiming that the actions of the people at the bottom affect the people in the middle rather than the people at the very top is meant to show you how broken the system itself is, not how bad the people at the bottom are for trying to do anything to affect the people at the top and failing because the way the system works, it's HARDER to affect those at the top than those in the middle. That is the whole point. No reason to cry about small investors getting the short end of the stick from this perspective. It's how this system is supposed to work, ESPECIALLY so that the rich can tell you this story and make you think that doing anything against the status quo, that's meant to help the people at the bottom, will hurt the people in the middle who just try to get by. It is still justified to be angry at the people at the top and topple this hierarchy, the people who stand in the middle being just a shield of the elite.
@@mazzaleen6091 Yea a big investor with good e-commerce knowledge mean nothing a good agreement with microsoft means nothing, news about the vaccines means nothing at all. check your math. Some little guy made million. Some not. That's how market works. But now not just the big dogs having the market in their hands. There are more variables get into the system. You think millioner investers aren't speaking? the wallstreet are just watching the news and graphs then playing loss or gain? You are stupider then you think if you believe that. Gain and Gain more short a stock with billions then make it bankruptcy. If maybe these stocks have a chance to go on. Making fake news, go to their investors and convince them to sell. All that good shady stuffs. Everything is privatised no real track about these bets. Billions borrowed and lended from the thin air without any cover. Right now the whole fking market are derivatives what's reach the point where the value isn't even real, just speculations without any coverage.
Exactly. When funds artificially alter, i.e. manipulate, the price of a stick it's just trading, but when other people punish their recklessness it is allegedly an "attack". Hypocrisy at its finest.
This is why people need to care about censorship of all kinds, even on the people you cannot stand. Once you open the floodgate on what can and cant be said or shared only a handful of the elite become in charge of all speech including yours.
Not to mention how do we know they are only limiting it to discussion of financial markets? You are allowed free speech. Or… at least we used to be. The difference is the World Wide Wiretap makes it easy for the masses to communicate - and be controlled.
Christian Holman, The best advice that I could offer is preplanning the video that you want to create and you should have better luck. I wish you the best of luck in the future.
I saw someone just a few days ago bring up how shortly after occupy wallstreet, it was clear the left had become infiltrated, and their target was now off wallstreet and instead societal culture. And they went from hating on Wall Street and massive corporations, to now stanning for them. Whether it's massive pharmaceutical companies, massive entertainment companies, or even massive financial institutions.
@@SrFulanoTal mirc lacked alot of features tbh no voice/no customizable channels would have to make a new channel for each "section" idk only plus side is you probably wouldn't get the random freezes u do on discord.
Hehe, you know the GameStop rush is a big deal when pretty much every youtube channel covers it, regardless if it's an economy channel, a documentary channel, a videogame channel, a hockey channel or an entertainment channel.
@@lukehayward8418 Think about it, financial literacy is an UNFATHOMABLY IMPORTANT subject. You will use it, and it will determine your future, there is no way around it. Why would they opt out of teaching students something that has so much impact on your future well-being? They care about you understanding the periodic table but not about how to manage the money you own? 0% chance it's a coincidence. Good teachers know smart students without financial literacy will not live to their limits.
Holy shit... Yeah you are completely right. I thought on the surface that is about sucking up the average person, but also it would generate more coordinated attacks to the big companies and goverment
"The redditors are not heroes, nor are they villians, they are tired, and poor, and when they got the chance to stand up and give the rich what they gave to us, you can bet on my life that they would have took it"
and everybody else is being quiet and saying nothing and they are saying shit and being confrontational about it I think that makes them a fucking hero
I think people who can buy that much stock on a whim are not poor. Some of them WENT broke in the process of buying and holding onto GameStop stock. Also the expression is you can bet on your life, not you can bet on my life.
Do remember that means they would want to be in the position of the rich and give what they do to you now. You might think it's pointless but these assholes had a minority of them who got rich off crypto and are now pulling insider trading, market manipulation and vaporwave that's worse than Wall Street. So yeah, it's important to learn the right lessons.
@@ekki1993 i hang out in the same group with "these assholes" as you put it and a Lot of them still hold amc and gme. Diamond hands. Their real goal was to punish wall strewt and the hedgies and they shoved it up their ass to the point they sent their pet monkey..sec treasury janet yellen after them. And despite her conflict of interest (her family is on the board of citadel) she attempted to get a conflict waiver so she could go after them. What you are talking about is the opposite of true. Noone in that sub would have criticised them for cashing out. But they didnt
If they would let us buy the stock freely, the price would never have dropped. All these news people now saying "look it's going down now, retail doesn't know what they are doing". We can only buy 1 damn stock per person per day, but we can sell all we want. How is that not blatant manipulation?
Yes it would have for ever hedge fund that went short one went long along with pension funds those cashed out they had most of the stock, WSB did not have enough stock nor money to do anything
Ill make it as simple and tldr as possible Argument: people are losing money because of hedge fund shorters nobody else is manipulating the market. Me: WSB in the past have targeted stocks such as amc, bby, blackberry, "citron" and gme, which are unprofitable and fundamentally bunkrupt long term. Stocks like these are prime targets for artificial inflation as they have been for decades. Fundamentally and mid to short term - these companies are going to go under because of their valuation. Argument: hedge fund shorters cause people to lose money Me: shorters control volatility and allow for critical analysis and accurate company valuation. If a truly valuable company was shorted in large volume, smaller investors are able to bank on the profits hedge funds dont capitilize on. Hedge funds also compete with eachother, and undervalued companies are prime targets for funds to get an edge over other funds. Argument: GME is definitely not worth 3$ Me: thats a matter of stock valuation. Just because a company has a new partnership or whatever doesnt mean investors need to start investing in it. Long term fundamentals always trump short term gains. GME is not a long term stock fundamentally. Argument: WSB doesnt have the resources to manipulate the market. Me: WSB has always targetted fundamentally challenged companies that are mass shorted as mentioned since it takes relatively small volume to cause a squeeze. This practice has been known for decades (and is illegal) however hedge funds still continue short when companies are unprofitable long term. Argument: shorting for 100% of a stock is making money off a company failing Me: since funds manage a large volume of Money, they execute the most efficient and safe trades. There is a reason why funds dont just short every struggling company they see, long term GME and the afforementioned companies are unprofitable, have lost market share continuously, and now are fundamentally unlikely to regain their former profits- i.e a near 100% chance of a company losing value. It is not a hedge funds fault they are losing money or not gaining business, its always the companies management. Also as mentioned, if these companies were even slightly profitable, smaller funds looking to get an edge over competitors wouldnt think twice about capitilizing on it on because thats how the market works - a competition between buyers and sellers, market valuation and NOT gambling, yolo stocks and revenge p0rn market manipulation. WSB hasnt stuck it to the man, that much is evident, they arent even making a dent since even the smallest funds have more buying power than WSB could even hope to have. They are ultimately punching themselves and smaller investors that depend on market stabillity in the face. Melvin capital was just handed a billion dollar buyout. And brokers prevented volume influx. Im not going to simp for funds but tell me, if there was any condition that has ever existed for a fund to recieve a buyout, it would be this one: plain as day market manipulation for the sole reason that "wall steeet sucks". Plain as day market manipulation that if you even took a second to glance at a brokers terms of service, you would know preventing openings and closings is allowed to occur when market manipulation has occures.So lets see what WSB had actually accomplished - they developed a bs people vs rich story, wealthy whales manipulated the market for the sole purpose of self profit, they created more volatility which only hurts smaller investors, they gave Melvin capital along with other funds a get out of jail free card worth billions and instantaneously after this stunt, people will short GME en mass, plunging the company into bankruptcy again because it is fundamentally a bad company thus, making the evil shorters even more rich. Please tell me how its the little guy whos winning? Doesnt also seem even the slightest bit weird that everone just so happens to have the same hyperbolic rhetoric all of a sudden?
Not to mention the forced liquidation of exercisable options when the money was available in the accounts. Also the buying restrictions allowed for upward momentum to be stopped at a very critical point in the trade.
the whole business is established by billionaires who invest tons of money in it, and stock is about gambling, so why do you think billionaires will simply make rules in the business that able to make them lost all their money and not the other way around?
What that lady CEO proposed is absolute madness, based on two things: First, those who have large capital are able to manipulate markets in similar ways, and are able to easily collude with other big players behind closed doors to do so. Second, isn't it preventing free speech and free trade to ban groups who are trading togheter and sharing insight and plans???
Per the "Regulations" Hedge Funds aren't Regulated.... So they can manipulate stock by selling it to one another over and over till it brings the stock down. Which is insider trading for you, Me, And the neighbors dog. Funny right?
Dude, it's clear, it's very clear of how UNFAIR the whole system is, and how one-sided the whole game is. They are mad people (intoxicated of pure greed for money, ego, and bias). They all colluded againt a common man, I guess it should serve as a massive eye opener and more decentralized ways of financing needs to be established.
@@YouvBeenThumped because hedge funds are heavily invested in by poeple, who governments are in bed with. It's too obvious for those people to have each and every rule drawn out to ultimately work in only their favor.
I'm not sure if I'm misunderstanding the second part or if you're misunderstanding the First Amendment, so in case it's the latter, just to be clear: Freedom of Speech only protects you from persecution by the government. Corporations and platforms like Discord and Facebook are well within their rights to ban anyone they want for any reason, it's their platform. Not defending their decision to do so, but it is perfectly legal.
Be glad you didn't, I would guess most retail investors lost money on GME. The ones who got in early made money, the ones who get in late lost big. The squeeze was never sqouze, Reddit didn't win :(
they unfortunately robbed themselves too. Had to enter IPO and let investors cash out. Instead they got taken down and IPO is cancelled to no fault of their wrong doings
Situations like these is why I absolutely despise the concept of "hate speech." It's a term that everyone has specific examples of in their mind, but is ultimately an analogous term meant to be used as a weapon.
"The banks and financial players were supposed to regulate themselves" "The doctors and nurses were supposed to hire themselves" "The murderers and felons were supposed to arrest themselves" "The arsonists were supposed to put out their fires" You see how stupid it sounds? Giving rich people the key to money is not a good idea. It's like hiring a pitbull as a babysitter.
@@knightofsvea604that is soooo true, pitbulls are simply overrepresented in violent and/or deadly attacks on people because of socio-economic reasons not because of their breed being made for violence
Roaringkitty is such a legend... open book, showed several hour long videos of his analysis and all the tools his using and his ideas for investing.. Even has freaking uno cards and a magic 8 ball he uses for investing. And he's ALWAYS super nice and humble, well deserved man.
The rich can afford to spend say $20,000 or $200,000 in risky investments, and the amount is just a small part of their assets (less than 2% and not afraid to lose it with the opportunity to profit.) This is compared to those "poorer" people that are too afraid to lose even $2,000 because that is likely 10-20% of their assets.
Someone on Twitter: "I can't wait for Congress to pass the 'Actually, Only Wall Street is Allowed to Do What Reddit Just Did' Act" 21:30 And there it is
It's actually sad and scary that the common person can't fight the big banks, even if they try. The big banks just make a couple of calls and make it illegal to do, what they have been doing to people for years. Still great to see what can happen when people stick together as one. Great video, Fusion!
Bad video, full of errors and terrible terminology. They didn't make "a couple of calls and make it illegal", it's to do with the margining system, it cannot handle margin buying of stocks on this scale when it moves 50-100% a day.
But isn't usa a "free market" then why the control over prices. In places like singapore, hong kong it's understandable because the government says we are controlling the market accordingly. But usa is a free market the people decide not the government. This is why the US government are hypocrites.
@@Shvabicu Comes to show how the whole stock market will reward corrupt grifters. The whole thing needs to be knocked a peg down for hedge funds instead of allowing the everyday grifter more opportunities to screw others for money.
The hilarity that people still buy into the hatred of regulation and social policy and cite the richest in the world as their reasoning when they don't realize we have the richest people specifically because in the USA the rich are the ones abusing 'socialism' for themselves.
@@gacamole_pizza3228 Yes but who's responsible for the bailout? The United States government. AKA the people all these billionaires have in their pocket. It's the reality of things.
exactly, so no "colluding" on social media, but hedge funds get to continue to collude. That woman should be testifying before congress as well, and probably be jailed for attempted market manipulation.
People need to realize it’s not a country without the people. If you stand together you literally have the power to change everything ~A concerned Canadian
of all the countries to revolt I can never see it happen in America. Its entire system is set up to prevent that, put people into groups that infight, create large amounts of uneducated people and inequality. Just dont see it happening, ever in our lifetimes. It'd be more likely to see a Chinese revolution or a N Korean one
Why do you think politicians (and the companies that buy them) are constantly trying to divide us? I mean they got to play a tight game - actual revolution is rarely good for the rich and powerful - but as long as they don't hit that point, they much rather us fight amongst ourselves than be watching what they're doing.
@Dexter G. Uhh sure we do. I mean we don't often break out into violent mobs like we see in the US, but people around here are protesting things all the damned time. Do you think the Transmountain pipeline (and Energy East for that matter) has been stalled for so long purely to annoy Alberta? Hell no, its been stalled for so long because its been fighting injunctions and protests every step of the way. But nobody got shot over it so its not as media-friendly as the rallies and riots going on down south of us since Trump took office.
This story was incredible to watch happen. It had an impact on me all the way in Nairobi, Kenya. The Gamestop saga made me interested in the stock market and I'm now actively participating in the Nairobi Stock Exchange.
Still it doesn't matter. Reddit lose at last. Do you really think billionaire care about all your hate and "messages"? If they can make money why they will care about any of you? As they say "the system is not broken, it is working exactly as intended". US government was made to exploit underprivileged from the very beginning even before industrialization. You want to change it? You have to start over completely. Public have almost zero voice in all these. US "democracy" is a shadow to cover everything wrong there.
@@sanjay_swain while you are not wrong in some of the things you say you are not paying close enough attention. They only care about money is a weakness not a strenghth. It is being exploited against them. They will need to revaluate their stance on greed to adopt or die. Wish you well though
@@LuisSierra42 listen to him he is right. And yes the video was almost perfect just some little parts i would disagree as someone who is watching this rebellion for almost two years now
@@shaundanielsy5821 In 2008, big companies were bailed out because they were too big to fail and hence people never cared. In 2020, everyone is said that retail traders are too small to win, but they've proved that when everyone come together, they can literally shake everything up.
Do you really think most retail traders who bought in GME made a profit? Do you really think the miniscule money retail has was enough to face the hedge funds? Do you think there are more profit to be made when price drop from 70 to 20 or 500 to 60 for whose who are shorting the price? This is in fact a war between hedges, retails are ashes at the end.
They do in high school. Just young people don't listen until they experience it. There literally a class about it. Young people are forcus on getting into college debt first before finding a job. School and parents need to teach people to not go to college first but as a afterthought. Trait school should be first. But no during the 2000s it see college and degrees are the key for money. We (Parents) doesn't tell them to save first then go higher on high job instead of living to pay check to pay check. Saving and investing is easy. It just people get sidetracked and forget to do it due to stress. It like we warn people about it.
Censorship has gone up beyond imagination since last year. Be prepared to get on alternatives when the government and their rich friends decide to go even further
@@pangeran92 mastodon. Uh... matrix, element for community chats. Twitter is building a decentralized platform. There's some crypto based blog sites like hive (fork of steemit)
@@killero00 that's exactly what they are. they aren't even an organized group. i mean obviously there are some small "splinter groups" of it but for the most part anyone who took intro to coding in high school could decide they want to be part of "anonymous" and hack their neighbors pc to send dick pics to celebrities in the name of the "group"
Anonymous also took down visa and mastercard when they refused to process Julian Assange donations. Legends. Of course it didn't matter because of bitcoin. Freedom will find a way.
This directly helped me do my coursework at University. Also, I love that you placed all the sources in the description. Ima plagiarise the shit out of this so here's £2
Note: the press secretary's brother works for one of the Hedge Funds getting hammered. EDIT: Her brother is a portfolio manager for Citadel, the company that bailed Melvin out.
Hammered? The hedge fund got out completely fine. Barely any damage was done and this event will just be remembered as a manipulative attempt by populists to profit off of other people who don't understand the stock market and hate rich people.
The billboards are a thing of glory, especially the one that says "$GME go BRR" 🤣, but as much as I am enjoying this story I doubt that much will change. Did the Big Boys get beat by people who played their own game better than them, most definitely yes, but they'll lick their wounds and eventually find other ways to manipulate the market ( look at all the chaos they created during the housing crisis ... did anything happen to them? ). So where does that leave the little people? Sadly most will have lost money joining the cause to "stick it to the man" and they will still probably remain where they are while the rich continue to get richer. Just my silly thoughts. [ btw, Can't wait to see the Internet Historian's take on this whole situation ][ btw part 2 : Picked up a couple of the Gamestonk T-shirts as a memento and an early birthday gift for the fam, they are going to love it! ]
@@user-fn5xg7qt7u I doubt it. Most less than a grand. It wasn't about dumping tons of money into it, but tons of people dumping a little money into it.
I love how they consider our free speech "chatter" while protecting their right to create new self serving mathematical equations behind closed doors. A Good ol' Boys club if there ever was one.
@@Trollolling ikr its like when they are wining the system is ok but when its them losing they say "NO NO this is not how it works these guys know nothing about investing, this system should be adjusted" mean while they have being doing this same shit for decades. They are also the same guys who caused the stock market to crash.
expecting humans to self regulate is the silliest concept known to man. not even the most devout are pure enough to self police. we will however force regulate each other just fine :)
This probably needs an update. Also, it should probably clarify that the wallstreetbets creator was removed for trying to monetize the sub reddit through selling classes and other schemes.
When this broke out I was waiting for coldfusion to create a video. Nobody, not even WSJ, NYtimes or even Economist comes close. Thanks for capturing this moment of history.
I love this channel. Dagogo is a legendary content creator, and if he were around 30 years earlier, he'd be an industry leader in television. This is what I need on YT, more paced, thoughtful engaging informational content, and less grabby, impulsive, polarizing shticky vids
*Who knew that STONKS meme would one day be displayed on the costliest advertisement billboard (Timesquare) on the planet?!* Well done, fellow Redditors. Salute.
All stupid feminists care about is having woman working or in politics while the government takes more taxes from them & they think he's defending them lol
That is the absolutely the dumbest shit I have ever heard in my life. This presidency is going to be a joke unparalleled. My god! At least Trump's last sec wasn't this useless.
that's exactly how they destroyed the occupy wall street movement, shifted focus to retarded identity politics to turn everyone against themselves. now businesses and institutions can get away with anything as long as they virtue signal to morons on twitter.
@@mechamicro Hedge funds are just another chip they play with in their private gambling casinos, or just another horse they bet on... Oh, but becoz they place their bets while dressed in suits it makes them BETTER than the average schmo down at the racetrack, so... And when they come out with empty pockets, those suits entitle them to bitch to the bookie that they lost... Waaaaaaaaahhhhhhhh...
Almost everyone is afraid to say what everyone knows well and clear, “there is a Well-established cabal of people who run financial matters throughout the western world.” They are so-called, “God’s chosen people.“ Until that corrupt cabal is broken up and real diversity enters the financial markets, the free enterprise system will continue to suffer Gangland style inefficiencies.
Hey I got a good idea. Let's not determine the target stock (e.g. GameStop) long before, but rotate a pool of possible targets on like a minutely basis. NASDAQ staff will only see that there is "chatter" for a consensual large scale buy-rush, but cannot inhibit people from buying, because the potential target is only determined in the very minute everyone is waiting for. So all the people wait till the good moment, when they receive the instruction (on whatever trusted platform) to buy. Of course we don't want all the people to stare at screens all day, so this armed /"waiting for the moment" sessions will take place in a certain time window each week (syncronised to whatever common global timezone). And after some weeks of empty waiting, in one good moment, people will get the message to commit the act. Not easy, but doable :)
One very minor correction. The reddit mods don't have the ability to remove the top mod, the reddit employees got involved with this situation and they are the only ones that can remove the subreddit creator. The story behind the removal of the top mod has not been told yet.
You aren't tested until a company you own and believe in is down 30-40-50% from its highs. You will question your conviction, your strategy, your process. The market has a way of finding your breaking point. Nothing tests your conviction like falling stock prices.
These days the best way to come into the market space is with patience and seeking guidance when necessary. For instance, due to the nature of my job, I can’t handle my portfolio so I just copy the market picks of ''Nicole Ann Sabin'', an Advisor i saw on Bloomberg business news. It’s been smooth since then. I have saved myself all the hassle that chaotic market causes.
@@PhilipMurray251 It'S not the first time someone had advised on this. I need guide in order to salvage what remains of my DOW stock wrecked by the massive dips. I'll appreciate if I get details with which I can reach Ms Nicole .
King Leonidas: The world will know that free men stood against a tyrant, that few stood against many, and before this battle was over, even a god-king can bleed.
Well our original into was :If youre gay dont join you dont belong here" and other shit like that was in the original rules of the discords along with slurs so you see how they did have a foundation for that?
Discord's support staff, in my observed and actual experience, are generally held together with bubblegum and prayers. I've been on Discord since mid 2017
It's much more simple: Stocks need to become what they were meant to be again: A crowdsourced investment into a company. How about minimum 6 months holding fees and complete transparency?
FYI the real reason Jaime, the founder of WSB, was ousted because he tried to monetize the subreddit by advertising his books and tried to profit off trading competitions that used real money..
I commented this three years ago “Releasing this video now is stupid. Imagine publishing entire ww2 casualty in 1941? This thing is far from over.” Look at the stock price now.
"There will be regulatory action" - no there won't. This is just another social media spasm. Give it 3 weeks, everyone will be bitching about something else. To which I can copy and paste this same message then, too.
Not just that. This is not a people vs Wall Street, this is Wall Street vs Wall Street. Citadel and their holding of GameStop can now count their cash as they managed to convince thousands of people to back them in a holy cause when it never was.
If there will be regulatory action, it will be done by hedge funds backed politicians. Regulation doesn't in the end benefit the normal people, it's a tool that's squarely in the hand of the elite.
If you think giant corporations won't use their massive wealth to influence the government to stop them losing money you haven't been paying much attention
Hey hey hey don't be ungrateful! Those senators and congressmen and their lobbying buddies can't survive without their yachts, surely millions of families in the brink of homelessness and starvation in America can get by with 600 dollaroonies, but think of the billionaire, whatever shall they do without their 5th yacht!! They need the money more than we do 😊😊😊
Democrats: "We'll block stimulus if you vote for Trump again!" Americans: "Okay. Sorry, nanny." Democrats: "Haha. We still block stimulus. Idiot." Americans: :o
Feb. 2022 and it is now at $100 and probably on it's way back down to $20 or $40. The company isn't worth that much and the story only became possible because one side over bet. Over betting on the other side was only going to work for so long before those others lost $. In the long term, stocks will settle at fair market values. Brick & mortar GameStop will go the route of Blockbuster video. It is inevitable.
Ill make it as simple and tldr as possible Argument: people are losing money because of hedge fund shorters nobody else is manipulating the market. Me: WSB in the past have targeted stocks such as amc, bby, blackberry, "citron" and gme, which are unprofitable and fundamentally bunkrupt long term. Stocks like these are prime targets for artificial inflation as they have been for decades. Fundamentally and mid to short term - these companies are going to go under because of their valuation. Argument: hedge fund shorters cause people to lose money Me: shorters control volatility and allow for critical analysis and accurate company valuation. If a truly valuable company was shorted in large volume, smaller investors are able to bank on the profits hedge funds dont capitilize on. Hedge funds also compete with eachother, and undervalued companies are prime targets for funds to get an edge over other funds. Argument: GME is definitely not worth 3$ Me: thats a matter of stock valuation. Just because a company has a new partnership or whatever doesnt mean investors need to start investing in it. Long term fundamentals always trump short term gains. GME is not a long term stock fundamentally. Argument: WSB doesnt have the resources to manipulate the market. Me: WSB has always targetted fundamentally challenged companies that are mass shorted as mentioned since it takes relatively small volume to cause a squeeze. This practice has been known for decades (and is illegal) however hedge funds still continue short when companies are unprofitable long term. Argument: shorting for 100% of a stock is making money off a company failing Me: since funds manage a large volume of Money, they execute the most efficient and safe trades. There is a reason why funds dont just short every struggling company they see, long term GME and the afforementioned companies are unprofitable, have lost market share continuously, and now are fundamentally unlikely to regain their former profits- i.e a near 100% chance of a company losing value. It is not a hedge funds fault they are losing money or not gaining business, its always the companies management. Also as mentioned, if these companies were even slightly profitable, smaller funds looking to get an edge over competitors wouldnt think twice about capitilizing on it on because thats how the market works - a competition between buyers and sellers, market valuation and NOT gambling, yolo stocks and revenge p0rn market manipulation. WSB hasnt stuck it to the man, that much is evident, they arent even making a dent since even the smallest funds have more buying power than WSB could even hope to have. They are ultimately punching themselves and smaller investors that depend on market stabillity in the face. Melvin capital was just handed a billion dollar buyout. And brokers prevented volume influx. Im not going to simp for funds but tell me, if there was any condition that has ever existed for a fund to recieve a buyout, it would be this one: plain as day market manipulation for the sole reason that "wall steeet sucks". Plain as day market manipulation that if you even took a second to glance at a brokers terms of service, you would know preventing openings and closings is allowed to occur when market manipulation has occures.So lets see what WSB had actually accomplished - they developed a bs people vs rich story, wealthy whales manipulated the market for the sole purpose of self profit, they created more volatility which only hurts smaller investors, they gave Melvin capital along with other funds a get out of jail free card worth billions and instantaneously after this stunt, people will short GME en mass, plunging the company into bankruptcy again because it is fundamentally a bad company thus, making the evil shorters even more rich. Please tell me how its the little guy whos winning? Doesnt also seem even the slightest bit weird that everone just so happens to have the same hyperbolic rhetoric all of a sudden?
this isn't a documentary. it's based on speculation right now. once every fund releases its results and data gets updated we will see who got away taking the most. if it will result in them all highly profiting then it means retail got straight fked once again (dumb money)
@@BenExell I spent a sizeable chunk of all my saving on gamestop before it took off. I sold everything at its height. I am now a happy man. I'm going to put away most of it (just in case i need it), use part of it to reinvest into other stock and with the last, exceedingly tiny portion i'm going to build a patio. Life is good.
Ahhhh jaime, the guy who abandoned the subreddit, came back just to squeeze some milk out of it, got removed out of picture from the backlash, then come back again just to take undeserved credit.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it
I've been making passive income monthly from Btcoin for over a year. It's best you trade with the help of a professional broker because it save time and reduces the risk of losing funds in trading than doing it yourself as we all know how volatile the market is
The hedge funds were shorting GameStop down to $2.00. someone from Reddit wallstreetbets group figure what they were doing. An entire army 🪖🪖 of them team up and open options on gamestop and started buying shares by the load sending the stock up like there's no tomorrow. The hedge funds lost money by the billions.
"We fought the tyrant of the bloodline to be under the tyrant of might, but once we freed from the tyrant of might we are under the tyrants of wealth. What a shitty day to be a serf." -A guy on the internet.
![Boeing's Downfall [Greed Over Safety] feat. Mentour Pilot](/img/n.gif)
When hedge funds manipulate markets: "Yep totally fine"
When BigChungus420, NoobMaster69, and PussySlayerXx manipulate the markets: "Wait that's illegal"
Yessss, that's is soooo true!!!
😂👌
Lmao I wish I was BigChungus420
😂😂😂😂😂😂
What about shitass?
Redditors buying stocks = "coordinated attacks"
Hedge funds all betting on the failure of a company = "shorting"
I get what you're saying, but this is still going to go down in history, and the fact we still LOST is an even greater lesson of how, in the end, the little guys are always losing. It's greater evidence of a broken system.
There's market manipulation on both sides, everyone knows that, but that's because the point of it is to make a bigger profit. And to make a bigger profit, you need to employ these shitty tactics that you know are shitty.
Since the richest and most successful people will always tend to be the ones that find the best and most optimal way to exploit the broken system, do you think you have any chance if you try to make moral decisions that don't exploit people? Absolutely no chance. And the point of the game is to strive for the top, to always prioritize profit. The end always justifies the means, because this is how the system is supposed to work, in order to make a profit and survive in the rigged competition.
It is still preferable that WSB are the ones exploiting the system rather than the Hedge funds people. The tactics are shitty, wrong, and they hurt people, but this is the case regardless of who does it.
I have a bit of an accelerationist view on this because I think that if these things will keep happening, more and more people will be conscious of what exactly is happening and how this broken system primarily benefit those who created it and who have the capital to manipulate it the best.
It is SAD, very SAD that we still lost, even after all of this, after we supposedly "won". It was orchestrated most likely. Personally, I think the original scandal really took them by surprise, when some people started making money (or rather... stealing money from the rich, classic Robinhood story), but when they analyzed it and looked into it further, they found a way out, they employed other, different but equally (morally) bad strategies to escape from the consequences of their own actions, the risk they took.
The problem is systematic, I believe this is how capitalism is supposed to work, it is how it tends to work. If it wasn't systematic it could've been fixed before any of this ever happened, as I saw in the video, even Bill Clinton wanted to stop the thing he had created (or rather allowed to happen) yet he could not.
Oh, and I also wanted to touch on the argument that "it hurts smaller investors" because that one is especially interesting to me. Just think about the one golden rule of investing, only invest what you are willing to lose. If this rule was to be respected, the small investors losing money wouldn't be a big deal because it would've been money they already decided they are willing to lose. To me, this reveals something very interesting.
If you, as a small investor, knowing you have little power because you don't have the same capital as the other, bigger guys, rely on stock trading without following the golden rule, and you are upset because you lost money that you were not ready or expecting to lose, then according to the rules you just give up and go bankrupt if it's that bad, or you suffer the losses and deal with it.
Those are the rules of competition, of this system. It further goes to show how absolutely broken it is. How it affected smaller investors MORE rather than greedy hedge funds. Does this mean people should just stop trying to tip the scales because they're afraid they'll hurt the smaller investors who willingly betted money, and cry when they lose it because the system is broken and if people coordinate attacks they can brute force it to do whatever they want? Guess what, people coordinate attacks anywhere on the spectrum, regardless if they're poor or rich. Only the rich can do it better since they have more betting power and capital, and they essentially control the system. Claiming that the actions of the people at the bottom affect the people in the middle rather than the people at the very top is meant to show you how broken the system itself is, not how bad the people at the bottom are for trying to do anything to affect the people at the top and failing because the way the system works, it's HARDER to affect those at the top than those in the middle. That is the whole point. No reason to cry about small investors getting the short end of the stick from this perspective. It's how this system is supposed to work, ESPECIALLY so that the rich can tell you this story and make you think that doing anything against the status quo, that's meant to help the people at the bottom, will hurt the people in the middle who just try to get by. It is still justified to be angry at the people at the top and topple this hierarchy, the people who stand in the middle being just a shield of the elite.
@@mazzaleen6091 i see you are a man of culture as well 😌
@@mazzaleen6091 Yea a big investor with good e-commerce knowledge mean nothing a good agreement with microsoft means nothing, news about the vaccines means nothing at all. check your math. Some little guy made million. Some not. That's how market works. But now not just the big dogs having the market in their hands. There are more variables get into the system. You think millioner investers aren't speaking? the wallstreet are just watching the news and graphs then playing loss or gain? You are stupider then you think if you believe that. Gain and Gain more short a stock with billions then make it bankruptcy. If maybe these stocks have a chance to go on. Making fake news, go to their investors and convince them to sell. All that good shady stuffs. Everything is privatised no real track about these bets. Billions borrowed and lended from the thin air without any cover. Right now the whole fking market are derivatives what's reach the point where the value isn't even real, just speculations without any coverage.
and thats the narrative the media will sell to the public to cover up the big boys crimes
All the hedge funds?
stopping "social media chatter" is literally like them saying "how dare those poor people band together to challenge one of us!" completely sickening
Exactly. When funds artificially alter, i.e. manipulate, the price of a stick it's just trading, but when other people punish their recklessness it is allegedly an "attack". Hypocrisy at its finest.
Yes
This is why people need to care about censorship of all kinds, even on the people you cannot stand. Once you open the floodgate on what can and cant be said or shared only a handful of the elite become in charge of all speech including yours.
Not to mention how do we know they are only limiting it to discussion of financial markets? You are allowed free speech. Or… at least we used to be. The difference is the World Wide Wiretap makes it easy for the masses to communicate - and be controlled.
"Not base on news & fundamentals"
cricket when GME was shorted like 80% of the shares.
It still amazes me that a bunch of Strangers on the internet saved a company from bankruptcy to use as a middle finger to the bankers
make no mistake. reddit isn't a free speech platform. they will ban you faster than fb .
what should equally amaze you is how a bunch of strangers can commit equally astonishing atrocities together
@@comdrive3865 what ?
@@a.i.m.f8567 English?
@@comdrive3865 what is the connection between atrocities and video ?
When you beat them it's called cheating
When they beat you it's called business
Well put.
True 💯
touchè
but..thats what we call reality...and that reality we must change!
@@johnlopez6100 pun
This man creates a 30-minute documentary about something that happened last week and I can't even create a 5-minute presentation on World War 2
The financial incentive helps i'm sure.
This comment is so under rated where is everyone’s wits lolol
Christian Holman, The best advice that I could offer is preplanning the video that you want to create and you should have better luck. I wish you the best of luck in the future.
Just be confident, bro
I cant make a 1 minute presentation on ww2 lol
Hedge funds render millions of Americans homeless: "that's capitalism"
Reddit renders hedge funds obsolete: "this is madness"
Don't worry I'm sure plenty of Redditors went homeless because they invested too much into GME
@@BaldMancTwat funny you assume us redditors own a house.
Let's all backtrack to the events that led to 2008........ the GLOBAL economy tanked but nothing changed. This GME thing is a flash in the pan.
Beautiful
@@BaldMancTwat "all you care about is money, this town deserves a better class of criminal, and I'm gonna give it to them, everything burns"
“Instead of fighting the banks, people started to fight one another over their differences.” This aged like fine wine.
"Divide and conquer" eh.....
And when no differences were found the rich pushed fabricated differences to keep us attacking each other.
@@vanesslifeygo Your comment gave me a sense of deja vu.
Makes you wonder who really drove the divisiveness
I saw someone just a few days ago bring up how shortly after occupy wallstreet, it was clear the left had become infiltrated, and their target was now off wallstreet and instead societal culture. And they went from hating on Wall Street and massive corporations, to now stanning for them. Whether it's massive pharmaceutical companies, massive entertainment companies, or even massive financial institutions.
Discord banning the wallstreetbets server citing "Hate speech" is an extremely disturbing precedent.
I can't help but wonder who's thumb was pressing down on them. Hate speech? Wtf..
they just got paid off
i honestly never understood why people would choose discord over telegram? I'd be perfectly happy going back to mIRC.
@@SrFulanoTal mirc lacked alot of features tbh no voice/no customizable channels would have to make a new channel for each "section" idk only plus side is you probably wouldn't get the random freezes u do on discord.
Just discord in general
Hehe, you know the GameStop rush is a big deal when pretty much every youtube channel covers it, regardless if it's an economy channel, a documentary channel, a videogame channel, a hockey channel or an entertainment channel.
It's like among us, but with more stonks!
People looking for views for that cash
@@crediblesalamander8056 THE FUNNY GAME LOLOLOL😂😂😂😂😂😂😂😂😂😂
True, and i havent clicked on one of them, stick to your guns. Clicked on this without hesitation tho!
They're desperate to be noticed by the UA-cam algo
There is a reason why they don't teach about money in schools...
Underated comment right here.
If that's not a coincidence but preplanned, then we have been fucked since a while back.
@@lukehayward8418 Think about it, financial literacy is an UNFATHOMABLY IMPORTANT subject. You will use it, and it will determine your future, there is no way around it. Why would they opt out of teaching students something that has so much impact on your future well-being? They care about you understanding the periodic table but not about how to manage the money you own? 0% chance it's a coincidence. Good teachers know smart students without financial literacy will not live to their limits.
Holy shit... Yeah you are completely right. I thought on the surface that is about sucking up the average person, but also it would generate more coordinated attacks to the big companies and goverment
They do...or at least in my country they do. Then again I went to a school with major focus on economics
"The redditors are not heroes, nor are they villians, they are tired, and poor, and when they got the chance to stand up and give the rich what they gave to us, you can bet on my life that they would have took it"
and everybody else is being quiet and saying nothing and they are saying shit and being confrontational about it I think that makes them a fucking hero
I think people who can buy that much stock on a whim are not poor. Some of them WENT broke in the process of buying and holding onto GameStop stock. Also the expression is you can bet on your life, not you can bet on my life.
@@michaelenglish839 that much stock??? $100? 500? 1000? Being edgy isnt clever.
Do remember that means they would want to be in the position of the rich and give what they do to you now. You might think it's pointless but these assholes had a minority of them who got rich off crypto and are now pulling insider trading, market manipulation and vaporwave that's worse than Wall Street. So yeah, it's important to learn the right lessons.
@@ekki1993 i hang out in the same group with "these assholes" as you put it and a Lot of them still hold amc and gme. Diamond hands. Their real goal was to punish wall strewt and the hedgies and they shoved it up their ass to the point they sent their pet monkey..sec treasury janet yellen after them. And despite her conflict of interest (her family is on the board of citadel) she attempted to get a conflict waiver so she could go after them. What you are talking about is the opposite of true. Noone in that sub would have criticised them for cashing out. But they didnt
If they would let us buy the stock freely, the price would never have dropped. All these news people now saying "look it's going down now, retail doesn't know what they are doing". We can only buy 1 damn stock per person per day, but we can sell all we want. How is that not blatant manipulation?
Because you aren't rich enough to afford a high end well connected lawyer loser! Justice is only for the wealthy.
Yes it would have for ever hedge fund that went short one went long along with pension funds those cashed out they had most of the stock, WSB did not have enough stock nor money to do anything
Ill make it as simple and tldr as possible
Argument: people are losing money because of hedge fund shorters nobody else is manipulating the market.
Me: WSB in the past have targeted stocks such as amc, bby, blackberry, "citron" and gme, which are unprofitable and fundamentally bunkrupt long term. Stocks like these are prime targets for artificial inflation as they have been for decades. Fundamentally and mid to short term - these companies are going to go under because of their valuation.
Argument: hedge fund shorters cause people to lose money
Me: shorters control volatility and allow for critical analysis and accurate company valuation. If a truly valuable company was shorted in large volume, smaller investors are able to bank on the profits hedge funds dont capitilize on. Hedge funds also compete with eachother, and undervalued companies are prime targets for funds to get an edge over other funds.
Argument: GME is definitely not worth 3$
Me: thats a matter of stock valuation. Just because a company has a new partnership or whatever doesnt mean investors need to start investing in it. Long term fundamentals always trump short term gains. GME is not a long term stock fundamentally.
Argument: WSB doesnt have the resources to manipulate the market.
Me: WSB has always targetted fundamentally challenged companies that are mass shorted as mentioned since it takes relatively small volume to cause a squeeze. This practice has been known for decades (and is illegal) however hedge funds still continue short when companies are unprofitable long term.
Argument: shorting for 100% of a stock is making money off a company failing
Me: since funds manage a large volume of Money, they execute the most efficient and safe trades. There is a reason why funds dont just short every struggling company they see, long term GME and the afforementioned companies are unprofitable, have lost market share continuously, and now are fundamentally unlikely to regain their former profits- i.e a near 100% chance of a company losing value. It is not a hedge funds fault they are losing money or not gaining business, its always the companies management. Also as mentioned, if these companies were even slightly profitable, smaller funds looking to get an edge over competitors wouldnt think twice about capitilizing on it on because thats how the market works - a competition between buyers and sellers, market valuation and NOT gambling, yolo stocks and revenge p0rn market manipulation.
WSB hasnt stuck it to the man, that much is evident, they arent even making a dent since even the smallest funds have more buying power than WSB could even hope to have. They are ultimately punching themselves and smaller investors that depend on market stabillity in the face.
Melvin capital was just handed a billion dollar buyout. And brokers prevented volume influx. Im not going to simp for funds but tell me, if there was any condition that has ever existed for a fund to recieve a buyout, it would be this one: plain as day market manipulation for the sole reason that "wall steeet sucks". Plain as day market manipulation that if you even took a second to glance at a brokers terms of service, you would know preventing openings and closings is allowed to occur when market manipulation has occures.So lets see what WSB had actually accomplished - they developed a bs people vs rich story, wealthy whales manipulated the market for the sole purpose of self profit, they created more volatility which only hurts smaller investors, they gave Melvin capital along with other funds a get out of jail free card worth billions and instantaneously after this stunt, people will short GME en mass, plunging the company into bankruptcy again because it is fundamentally a bad company thus, making the evil shorters even more rich. Please tell me how its the little guy whos winning?
Doesnt also seem even the slightest bit weird that everone just so happens to have the same hyperbolic rhetoric all of a sudden?
Not to mention the forced liquidation of exercisable options when the money was available in the accounts.
Also the buying restrictions allowed for upward momentum to be stopped at a very critical point in the trade.
the whole business is established by billionaires who invest tons of money in it, and stock is about gambling, so why do you think billionaires will simply make rules in the business that able to make them lost all their money and not the other way around?
"Hey White House, what's your thoughts on the GameStop thing?"
"We have the first female treasury secretary :)"
For fuck's sake.
My thoughts exactly. Answer the bloody question or at least say you're not going to.
They could focus on the stimulus instead
😂😂😂😂
She pulled a "Justin Trudeau"... no joke. Right from the Canadian Liberal Party's 101 tactics.
I said the same thing!!! Like WTF does that have to do with ANYTHING!!!
“Power to the players” now has a whole new meaning.
I felt really powerful when getting $5 trade credit for a new release I bought last week
@@SeethingSimp L
The Netflix series by the same name will inevitably exist
"It was almost like a bug in a video game being exploited." More like "Maggots in the machine."
"What happened if Gamestop open their own broker apps for every ppl to buy-sell stock via them"?
What that lady CEO proposed is absolute madness, based on two things: First, those who have large capital are able to manipulate markets in similar ways, and are able to easily collude with other big players behind closed doors to do so. Second, isn't it preventing free speech and free trade to ban groups who are trading togheter and sharing insight and plans???
Per the "Regulations" Hedge Funds aren't Regulated.... So they can manipulate stock by selling it to one another over and over till it brings the stock down. Which is insider trading for you, Me, And the neighbors dog. Funny right?
Dude, it's clear, it's very clear of how UNFAIR the whole system is, and how one-sided the whole game is. They are mad people (intoxicated of pure greed for money, ego, and bias). They all colluded againt a common man, I guess it should serve as a massive eye opener and more decentralized ways of financing needs to be established.
@@YouvBeenThumped because hedge funds are heavily invested in by poeple, who governments are in bed with. It's too obvious for those people to have each and every rule drawn out to ultimately work in only their favor.
She had no problem that the hedge funds were illegally doing naked shorts. Punish legal trades and ignore wall street crimes.
I'm not sure if I'm misunderstanding the second part or if you're misunderstanding the First Amendment, so in case it's the latter, just to be clear: Freedom of Speech only protects you from persecution by the government. Corporations and platforms like Discord and Facebook are well within their rights to ban anyone they want for any reason, it's their platform. Not defending their decision to do so, but it is perfectly legal.
I was here. 2021. Didnt buy $GME. DARN IT.
Made a quick 300$ and then lost it all on $BB xD
And I followed
Be glad you didn't, I would guess most retail investors lost money on GME.
The ones who got in early made money, the ones who get in late lost big.
The squeeze was never sqouze, Reddit didn't win :(
@@skadday I haven't lost hope with BB. Pretty sure they got some good stuff coming soon
buy bitcoin and national bonds instead 😉😉😉
RobinHood became Robbin' the Hood
they unfortunately robbed themselves too. Had to enter IPO and let investors cash out. Instead they got taken down and IPO is cancelled to no fault of their wrong doings
Robinhood --> RobinCrook
They revealed the disgusting Truth of Wallstreet that the little guy won't be allowed to win.
@@brandon-22 that’s what happens when a company has no integrity what so ever
Conclusion: Gotta create a network which can't be tracked, where we can discuss future tradings.
The scariest thing to me is that Discord and Facebook tried to silence them under the guise of “hate speech”...
WSB was always dog shit , stop blaming discord when you actually broke the tos
@@Yakoaxxi Fair point 👍
Situations like these is why I absolutely despise the concept of "hate speech." It's a term that everyone has specific examples of in their mind, but is ultimately an analogous term meant to be used as a weapon.
@@JollyJuiice WSB is known to use hate speech moron
@@Yakoaxxi its just words if you don't like them get out
"The banks and financial players were supposed to regulate themselves"
"The doctors and nurses were supposed to hire themselves"
"The murderers and felons were supposed to arrest themselves"
"The arsonists were supposed to put out their fires"
You see how stupid it sounds? Giving rich people the key to money is not a good idea. It's like hiring a pitbull as a babysitter.
Every analogy is better than the last 😭
Someone have to say it.
Dogs are not racially violent.
If a dog bites to hurt, its broken in the head.
@@knightofsvea604that is soooo true, pitbulls are simply overrepresented in violent and/or deadly attacks on people because of socio-economic reasons not because of their breed being made for violence
I don't get the doctors and nurses analogy.
Imagine being put to bed by Mr Worldwide as an 8 month old ❤
Roaringkitty is such a legend... open book, showed several hour long videos of his analysis and all the tools his using and his ideas for investing.. Even has freaking uno cards and a magic 8 ball he uses for investing. And he's ALWAYS super nice and humble, well deserved man.
What’s open book?
@@kingstonstreet3726 late reply but open books means he's just being really transparent and not hiding anything. 'he is like an open book'
RoaringKitty Has Also Went By DeepF'nValue Which Who I Associate Him With
Tremendous work cold fusion
The short interest was at more than half the daily volume on GME; it’s still being shorted. And the shorted floated is way above 150%.
I've held off watching any other video explaining the Gamestop story. This is what I was waiting for!
Random verified youtuber must like.....
Cold fusion never disappoints. He's a man of culture as well 😌.
@@justamanofculture12 he kind of missed the point in most of it. Not the best summary
The system is so broken, though. The rich keep getting richer while playing the system, and making sure the system can’t be played by anyone else.
The rich can afford to spend say $20,000 or $200,000 in risky investments, and the amount is just a small part of their assets (less than 2% and not afraid to lose it with the opportunity to profit.) This is compared to those "poorer" people that are too afraid to lose even $2,000 because that is likely 10-20% of their assets.
@@GariusMarius How poor do you have to be to have $20000 as 10% of your assets?
@@JsJdv about $20,000 less poor than me
@@JsJdv That's just humiliating others. stfu
This "system" is capitalism. Just remember that the next time you vote.
Someone on Twitter: "I can't wait for Congress to pass the 'Actually, Only Wall Street is Allowed to Do What Reddit Just Did' Act"
21:30 And there it is
It's actually sad and scary that the common person can't fight the big banks, even if they try. The big banks just make a couple of calls and make it illegal to do, what they have been doing to people for years. Still great to see what can happen when people stick together as one.
Great video, Fusion!
ua-cam.com/video/8qRZcXIODNU/v-deo.html
Bad video, full of errors and terrible terminology. They didn't make "a couple of calls and make it illegal", it's to do with the margining system, it cannot handle margin buying of stocks on this scale when it moves 50-100% a day.
But isn't usa a "free market" then why the control over prices. In places like singapore, hong kong it's understandable because the government says we are controlling the market accordingly. But usa is a free market the people decide not the government. This is why the US government are hypocrites.
@@incremental_failure damn bro, guess I'll just die because this video gave me life threatening misinformation
@@bangerxshane You had to write that pointless comment?
5:05 He didn’t get ejected just because he deleted moderators. He tried to monetize the subreddit and was engaged in shady activities.
He was a shill sellout. Mfer had it coming
How
@@megrocks3026 he wanted to sell bs trading courses
@@Shvabicu Yeah. He was corrupted!
@@Shvabicu Comes to show how the whole stock market will reward corrupt grifters. The whole thing needs to be knocked a peg down for hedge funds instead of allowing the everyday grifter more opportunities to screw others for money.
..."the Banks were supposed to regulate themselves, but they didn't" *shocked pikachu face*
Don't worry, the Federal reserve, a semi-private organization ran by the banks has our best interest at heart.
@@Smullet90 PPPPFFFFFFFTTTT!!!!!
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Good one...
When institutions rip off the poor: That’s life accept it.
When institutions get ripped off: Hey that’s not fair!
The hilarity that people still buy into the hatred of regulation and social policy and cite the richest in the world as their reasoning when they don't realize we have the richest people specifically because in the USA the rich are the ones abusing 'socialism' for themselves.
I read this comment previously:
"I lost 350 but they lost billions and I'm fine with that."
Which is dumb because billions to "THEM" is like 200 to "us" which means "you" still lose.
@@letsgetdoing they still needed a bailout
@@gacamole_pizza3228 Yes but who's responsible for the bailout? The United States government. AKA the people all these billionaires have in their pocket. It's the reality of things.
@@letsgetdoing nope the bailout was from two other huge hedge fund citadel and point72
Nah,, they can ask for Bailout and Government definitely gonna comply with Tax money
NASDAQ CEO: “we need to stop the players”
It basically means only elites are allowed to play.
exactly, so no "colluding" on social media, but hedge funds get to continue to collude.
That woman should be testifying before congress as well, and probably be jailed for attempted market manipulation.
This reminds me of Ready Player one all over again..
@@GameFuMaster yeah, if the hedge funds fail, they have a bailout ready
Hedge funds: Are we a joke to you? 😁😎
People need to realize it’s not a country without the people. If you stand together you literally have the power to change everything
~A concerned Canadian
of all the countries to revolt I can never see it happen in America. Its entire system is set up to prevent that, put people into groups that infight, create large amounts of uneducated people and inequality. Just dont see it happening, ever in our lifetimes. It'd be more likely to see a Chinese revolution or a N Korean one
Why do you think politicians (and the companies that buy them) are constantly trying to divide us? I mean they got to play a tight game - actual revolution is rarely good for the rich and powerful - but as long as they don't hit that point, they much rather us fight amongst ourselves than be watching what they're doing.
@@werwar27 oh so that's why I see a lot of karens in your country
@Dexter G. Uhh sure we do. I mean we don't often break out into violent mobs like we see in the US, but people around here are protesting things all the damned time. Do you think the Transmountain pipeline (and Energy East for that matter) has been stalled for so long purely to annoy Alberta? Hell no, its been stalled for so long because its been fighting injunctions and protests every step of the way.
But nobody got shot over it so its not as media-friendly as the rallies and riots going on down south of us since Trump took office.
@@altrag Maybe they should protest university fees. Quebec gets like 1k tuiton, in Ontario we pay 10k-15k tuiton
This story was incredible to watch happen. It had an impact on me all the way in Nairobi, Kenya. The Gamestop saga made me interested in the stock market and I'm now actively participating in the Nairobi Stock Exchange.
Good luck
Wow
That's amazing...
"It's not about the money. It's about sending a message." - Heath Ledger's Joker
Follow the money to deliver the message
“The rest, is silence.” Hamlet
Still it doesn't matter. Reddit lose at last. Do you really think billionaire care about all your hate and "messages"? If they can make money why they will care about any of you? As they say "the system is not broken, it is working exactly as intended". US government was made to exploit underprivileged from the very beginning even before industrialization. You want to change it? You have to start over completely. Public have almost zero voice in all these. US "democracy" is a shadow to cover everything wrong there.
@@sanjay_swain while you are not wrong in some of the things you say you are not paying close enough attention. They only care about money is a weakness not a strenghth. It is being exploited against them. They will need to revaluate their stance on greed to adopt or die. Wish you well though
It's about justice, it's about financial freedom
@@sanjay_swain buy Bitcoin
great video! As someone who knows nothing about this it was informative.
All you have to know is that the rich will always get richer because the financial system is rigged in their favor
@@LuisSierra42 listen to him he is right. And yes the video was almost perfect just some little parts i would disagree as someone who is watching this rebellion for almost two years now
@@Jock-mj4zd thanks
@@LuisSierra42 Me am Luis Sera.
Same
1% of reddit: *crashes the stock market*
99% of reddit: *our victory*
*russia antem blaring *
69th like!
@@ThunderBird0510 I love 69 but as a number
@@sudarshan3965 same!🤣
Facts
This was the greatest thing to ever happen in my life time and I'm happy I got to see it all unfold. Power to the people.
Time to do it again ser #moass #amc #gme
"I feel sorry for the hedge fund managers." said no one, ever.
I feel sorry for all the wallstreetbets n00bs that bought into the hype and are now down 90%. Classic Pump and Dump
@@pritch3426 not even a pump and dump as nobody in the WSB is selling. Its falling in price due to market manipulation
I mean if you were invested in a hedge fund, you might say that.
@@roscojenkins7451 sure thing dude. pretty sure some people realized they kind of need that money and saw the writing on the wall.
@@pritch3426 I feel sorry for you for not understanding what’s actually is going on
2008: "Too big to fail"
2020: "Too small to win"
can someone explain this to me? i dont get this... thanks in advance
@@shaundanielsy5821 In 2008, big companies were bailed out because they were too big to fail and hence people never cared.
In 2020, everyone is said that retail traders are too small to win, but they've proved that when everyone come together, they can literally shake everything up.
@@anime6364 oh, so this is factual and not sarcasm, i see, thanks!
@@anime6364 I think too small to win... Means gamestop was too small to win.
So these big firms shorted it
Do you really think most
retail traders who bought in GME made a profit? Do you really think the miniscule money retail has was enough to face the hedge funds? Do you think there are more profit to be made when price drop from 70 to 20 or 500 to 60 for whose who are shorting the price? This is in fact a war between hedges, retails are ashes at the end.
"It's not about the money, it's about sending a message."
For most it was about the money, let's be real lol
@@raevemaeve4323 no
its about the money and all the idiots who didnt sell at the peak are gonna lose money and pretend they actually did something
@@raevemaeve4323 No
That is a pricey msg I could not afford
I always wondered why they never taught us much about finance in grade school. They really look at us like livestock.
They would also have to have a qualified person teach the class.
@@kevinfleming5663 Thank you, Kevin, for stating the ever so obvious.
They do in high school. Just young people don't listen until they experience it. There literally a class about it. Young people are forcus on getting into college debt first before finding a job. School and parents need to teach people to not go to college first but as a afterthought. Trait school should be first. But no during the 2000s it see college and degrees are the key for money. We (Parents) doesn't tell them to save first then go higher on high job instead of living to pay check to pay check. Saving and investing is easy. It just people get sidetracked and forget to do it due to stress. It like we warn people about it.
@@darkriversaben9163 I have to ask, what year or decade did you graduate high school?
@@darkriversaben9163maybe your school had finance classes but my school never did 😂
It's almost poetic that the company's name where this started is GameStop..
And the app is RobinHood.
Reality is stranger than fiction
"Power to the players"
@@Jeramithehuman
Thats true because reality is becoming a real life joker movie
👍😁
God, I can't believe the response to this is: "censor social media". Absolutely digusting.
Censorship has gone up beyond imagination since last year. Be prepared to get on alternatives when the government and their rich friends decide to go even further
It was going to come. They started with Trump. But they showed their hand. Supremely coordinated attack to get exactly what they want.
@@phamily-tv yeah, i'm glad decentralized platforms are getting big now and so censorship will work less well in the future
@@sandpiperbf9767 which platforms can you list it. Thanks.
@@pangeran92 mastodon. Uh... matrix, element for community chats. Twitter is building a decentralized platform. There's some crypto based blog sites like hive (fork of steemit)
This gives me flashbacks when anonymous took down scientology. Feels like old times already.
Anonymous are a useless group. They attack irrelevant things, and sometimes their attacks have collateral damage on the civilians themselves.
@@IonVortexx Sounds exactly like an internet troll.
@@killero00 thats why they want to be "Anonymus"
@@killero00 that's exactly what they are. they aren't even an organized group. i mean obviously there are some small "splinter groups" of it but for the most part anyone who took intro to coding in high school could decide they want to be part of "anonymous" and hack their neighbors pc to send dick pics to celebrities in the name of the "group"
Anonymous also took down visa and mastercard when they refused to process Julian Assange donations. Legends. Of course it didn't matter because of bitcoin. Freedom will find a way.
This directly helped me do my coursework at University. Also, I love that you placed all the sources in the description. Ima plagiarise the shit out of this so here's £2
XDDDDDDDDDDDDD
Note: the press secretary's brother works for one of the Hedge Funds getting hammered.
EDIT: Her brother is a portfolio manager for Citadel, the company that bailed Melvin out.
Hammered? The hedge fund got out completely fine. Barely any damage was done and this event will just be remembered as a manipulative attempt by populists to profit off of other people who don't understand the stock market and hate rich people.
Lmao
The billboards are a thing of glory, especially the one that says "$GME go BRR" 🤣, but as much as I am enjoying this story I doubt that much will change. Did the Big Boys get beat by people who played their own game better than them, most definitely yes, but they'll lick their wounds and eventually find other ways to manipulate the market ( look at all the chaos they created during the housing crisis ... did anything happen to them? ). So where does that leave the little people? Sadly most will have lost money joining the cause to "stick it to the man" and they will still probably remain where they are while the rich continue to get richer. Just my silly thoughts. [ btw, Can't wait to see the Internet Historian's take on this whole situation ][ btw part 2 : Picked up a couple of the Gamestonk T-shirts as a memento and an early birthday gift for the fam, they are going to love it! ]
His take will be both insightful and hilarious.
So many retail investors are broke now
Just like video games get patched get banned
@@user-fn5xg7qt7u I doubt it. Most less than a grand. It wasn't about dumping tons of money into it, but tons of people dumping a little money into it.
@@user-fn5xg7qt7u i ain't scared. i'll fight evil till the death!
"The Big Squeeze" coming this summer to an AMC in a mall near you.
Not sure the pandemic will be over by then.
The Pandemic is still being shown in theatres? Why not something more interesting like Diamond Hands?
This was one of the most exciting times of my adult life
Capitalists, "We deserve our massive profits because we take the risks!"
Capitalists facing those risks, "Not fair nuh uh make it staaaaawp!"
There are honest capitalists
@Yves Chandler Castillo what
@Yves Chandler Castillo More like, are you a paid commentor?
You mean Globalists.
They are speculators ...
So many UA-camrs covered this story, but no one did it like you Dagogo
i've thoroughly enjoyed louis rossman's coverage
Well, I'm impressed by the effort.
We should do it more regularly
Only for you.
I love you
that would kill everthing
@@slip6236 yeah. My point exactly.
GME (GameStop stock) saga apparently is not over yet. Check out r/superstonk and r/gme.
Things seem to have gone to a whole new level
I love how they consider our free speech "chatter" while protecting their right to create new self serving mathematical equations behind closed doors. A Good ol' Boys club if there ever was one.
Imagine you being that guy who knew nothing about stocks but you bought some shares from game stock at $2.57 and now its $400 omg damnnnnnn
There was a 5th grader who's mom gave him 10 GME shares valued at $6 each. He sold them at either $150 or $300 per share (i don't remember which one).
how about the hedge funds that shorted the stock from $400 to $50? whilst other wall st players manipulating the market?
@@Trollolling ikr its like when they are wining the system is ok but when its them losing they say "NO NO this is not how it works these guys know nothing about investing, this system should be adjusted" mean while they have being doing this same shit for decades.
They are also the same guys who caused the stock market to crash.
@@tyronesalterego2199 nice story but it's illegal for children to have access to these functions
@@brandon-22 www.marketwatch.com/story/texas-fifth-grader-cashes-in-the-gamestop-shares-his-mom-gave-him-for-kwanzaa-for-almost-3200-2021-01-28#:~:text=San%20Antonio%20fifth%2Dgrader%20Jaydyn,the%20San%20Antonio%20Express%2DNews.
"Banks were supposed to regulate themselves" 🙂🤭😄😆😂🤣🤣🤪🤣🤪🤣🤣
The thief was supposed to not steal. 😂😂😂😂.
Yeah exactly like police give each other speeding tickets. What a joke
it's like giving a kid a debit card connected to your savings account and thinking he/she will not spend all of it to purchase lives on candy crush 😂
expecting humans to self regulate is the silliest concept known to man. not even the most devout are pure enough to self police. we will however force regulate each other just fine :)
And now we now these evil Wall Street elites control the game 🤦♂️ ua-cam.com/video/LhGUC_WSHjE/v-deo.html
“You got rich but I was always richer”.
-Wall Street
“Sir, the peasants have learned to play our game”
“QUICK CHANGE THE RULES!!!”
This is the most average people have ever been interested in the stock market.
I learned more about stock market in the last few weeks than I was the rest of my life.
And we will see a mass exodus when people loose faith (and lots of money) in a rigged market
yeah and they lost. As data compiled by numerous research firms and financial institutions shows that most retail investors lose money.
@@betrousaltaweel unfortunately it does, peasants against the feudal lords. History repeats itself.
This probably needs an update. Also, it should probably clarify that the wallstreetbets creator was removed for trying to monetize the sub reddit through selling classes and other schemes.
When this broke out I was waiting for coldfusion to create a video. Nobody, not even WSJ, NYtimes or even Economist comes close. Thanks for capturing this moment of history.
I wouldn't ever trust those media outlets anyway.
I love this channel. Dagogo is a legendary content creator, and if he were around 30 years earlier, he'd be an industry leader in television. This is what I need on YT, more paced, thoughtful engaging informational content, and less grabby, impulsive, polarizing shticky vids
*Who knew that STONKS meme would one day be displayed on the costliest advertisement billboard (Timesquare) on the planet?!*
Well done, fellow Redditors.
Salute.
does someone have a photo of this
Wasn't the time square.. not that big on.. somewhere there
Reporter “what do you think of the $GME ordeal?”
Press sec: “we have women now”
All stupid feminists care about is having woman working or in politics while the government takes more taxes from them & they think he's defending them lol
Typical Psaki
That is the absolutely the dumbest shit I have ever heard in my life. This presidency is going to be a joke unparalleled. My god! At least Trump's last sec wasn't this useless.
@Mekehl Lane Makes sense seeing as the majority of americans are women...
that's exactly how they destroyed the occupy wall street movement, shifted focus to retarded identity politics to turn everyone against themselves. now businesses and institutions can get away with anything as long as they virtue signal to morons on twitter.
News: Are they heroes? Are they Villans?
Hedge Funds: They are VIllans
People: They're Heroes
Redditors: _I'M BATMANN!_
Hedgefund does all the dirtiest trick to kill small companies. F hedgefund
@@mechamicro Fuck hedge funds
@@mechamicro Hedge funds are just another chip they play with in their private gambling casinos, or just another horse they bet on...
Oh, but becoz they place their bets while dressed in suits it makes them BETTER than the average schmo down at the racetrack, so...
And when they come out with empty pockets, those suits entitle them to bitch to the bookie that they lost...
Waaaaaaaaahhhhhhhh...
Almost everyone is afraid to say what everyone knows well and clear, “there is a Well-established cabal of people who run financial matters throughout the western world.” They are so-called, “God’s chosen people.“ Until that corrupt cabal is broken up and real diversity enters the financial markets, the free enterprise system will continue to suffer Gangland style inefficiencies.
Hey I got a good idea. Let's not determine the target stock (e.g. GameStop) long before, but rotate a pool of possible targets on like a minutely basis. NASDAQ staff will only see that there is "chatter" for a consensual large scale buy-rush, but cannot inhibit people from buying, because the potential target is only determined in the very minute everyone is waiting for. So all the people wait till the good moment, when they receive the instruction (on whatever trusted platform) to buy. Of course we don't want all the people to stare at screens all day, so this armed /"waiting for the moment" sessions will take place in a certain time window each week (syncronised to whatever common global timezone). And after some weeks of empty waiting, in one good moment, people will get the message to commit the act. Not easy, but doable :)
One very minor correction. The reddit mods don't have the ability to remove the top mod, the reddit employees got involved with this situation and they are the only ones that can remove the subreddit creator. The story behind the removal of the top mod has not been told yet.
a wise man one said
"it only takes one man to start a revolution"
After which the guy himself gets booted from the revolution.
14:40
Journalist: Asks a legitimate question
Her: TrEaSuRy SeCrATaRy iS WaHMan!
Exactly, thats properly why they even hired her. Just to look good
Seriously like, who tf asked.
this is what happens when you let whamen vote.
You aren't tested until a company you own and believe in is down 30-40-50% from its highs. You will question your conviction, your strategy, your process. The market has a way of finding your breaking point. Nothing tests your conviction like falling stock prices.
The key is knowing what you own and getting the best price possible. Falling prices give you the opportunity to lower your average cost. It’s a gift.
The deeper the correction the greater the chances of new positions and hence clarifications.
These days the best way to come into the market space is with patience and seeking guidance when necessary. For instance, due to the nature of my job, I can’t handle my portfolio so I just copy the market picks of ''Nicole Ann Sabin'', an Advisor i saw on Bloomberg business news. It’s been smooth since then. I have saved myself all the hassle that chaotic market causes.
@@PhilipMurray251 It'S not the first time someone had advised on this. I need guide in order to salvage what remains of my DOW stock wrecked by the massive dips. I'll appreciate if I get details with which I can reach Ms Nicole .
@@marianparker7502 Her details are well on her web page. she's with Wells Fargo Inc. Look up her name.
King Leonidas: The world will know that free men stood against a tyrant, that few stood against many, and before this battle was over, even a god-king can bleed.
Lol
And he did bleed!! This is just the beginning!
lol so funny and epic
Well, the Spartans kept slaves so it's kinda rich for him to talk about tyranny.
@@macnosmutano4849 . True story. I guess we'r all hypocrites in the end.
I'm just feeling more and more like we are living in a movie
I wish it was a movie, then there would be some predictability of when it ends
Yeah a real shitty movie
Nah, everything in a movie has its purpose, we just reached new heights of randomness
it is a movie - gods complex nice movie - and you can see the Future using Remote Viewing (UA-cam it?)!
you'll love how it ends.. ;)
That’s because we are living in interesting times.
Discord be like: "This is HATE SPEECH!!!"
:pepesad:
They only pull out that card when it isn't actual hate speech, i hate it here
Well our original into was :If youre gay dont join you dont belong here"
and other shit like that was in the original rules of the discords along with slurs so you see how they did have a foundation for that?
Most companies use the hate speech card when people say something they don't like. Same with politicians.
Discord's support staff, in my observed and actual experience, are generally held together with bubblegum and prayers.
I've been on Discord since mid 2017
its crazy how much power these banks have
It's much more simple: Stocks need to become what they were meant to be again: A crowdsourced investment into a company.
How about minimum 6 months holding fees and complete transparency?
Or just tax the day traders all to hell. You don't necessarily need to make it illegal, just expensive
I read somewhere that the average stock holding time is at 8 Seconds. Thats absolutely nowhere near the original idea behind stocks.
@@LiebeMeinesLebens05 Massive and established firms with supercomputers trading millions (and billions) of dollars in the blink of an eye.
> A crowdsourced investment into a company.
?? you buy share of the company from another investor. The company doesn't gain anything.
@@peachezprogramming in usa short term gains are taxed much more heavily than long term. it's more expensive already
FYI the real reason Jaime, the founder of WSB, was ousted because he tried to monetize the subreddit by advertising his books and tried to profit off trading competitions that used real money..
Hmm
@@mranjith830 oh my god is that pfp the limbo boy? Just got mega nostalgic over a picture.
Silly goose, he would have made more money by sticking to the game plan of buying Gamestop right up until the other Hedge funds entered the scene.
2021 Robin hoods: *its not about the money, its about sending a message*
Why is your pfp a ryzen 3950
@@mindle9155 its my dream cpu
I think that is what joker said in the dark knight rises.
@@NafuttoID I hope you'll get your very own Ryzen 3950 ^_^ ☆
@@NafuttoID it should be 5950x tho
I commented this three years ago “Releasing this video now is stupid. Imagine publishing entire ww2 casualty in 1941? This thing is far from over.” Look at the stock price now.
The MSM soon shut this one down, haven’t heard a word about it for ages.
Jamie got kicked from WSB for trying to profit on it, this is well known. You made him look far more good than he should be considered.
What did he do?
@@megrocks3026 he tried to use the popularity of the sub to sell some trainings that had info anyone can find online for free
@@EccentricWilly ohh
off topic but could you recommend me some resources to get started on stocks?
@@megrocks3026 Peter Lynch's books on investing are a good start!
Try "better" instead of "more good"
"There will be regulatory action" - no there won't. This is just another social media spasm. Give it 3 weeks, everyone will be bitching about something else. To which I can copy and paste this same message then, too.
Not just that. This is not a people vs Wall Street, this is Wall Street vs Wall Street. Citadel and their holding of GameStop can now count their cash as they managed to convince thousands of people to back them in a holy cause when it never was.
If there will be regulatory action, it will be done by hedge funds backed politicians. Regulation doesn't in the end benefit the normal people, it's a tool that's squarely in the hand of the elite.
I like turtles
They'll complain about the next social justtice craze just like the first time around.
If you think giant corporations won't use their massive wealth to influence the government to stop them losing money you haven't been paying much attention
"Reddit had an idea", now mere thought sends shivers to bankers 🤣🤣
This is gonna be one of those videos that randomly pop up on people’s recommended in 5 years.
Lets make this comment also popup
@@saikosam8032 No
Underrated comment
UA-cam: "We have algorithms to prevent that, son. You lose."
4:07 “support in the form of stimulus checkS”
Sobs in American
Hey hey hey don't be ungrateful! Those senators and congressmen and their lobbying buddies can't survive without their yachts, surely millions of families in the brink of homelessness and starvation in America can get by with 600 dollaroonies, but think of the billionaire, whatever shall they do without their 5th yacht!! They need the money more than we do 😊😊😊
Democrats: "We'll block stimulus if you vote for Trump again!"
Americans: "Okay. Sorry, nanny."
Democrats: "Haha. We still block stimulus. Idiot."
Americans: :o
We got fucked
@@somersault1123 wasnt the republican dude that blocked the 2k stimulus? lmao
@@SiamHossain7 come to Albania... The last "stimulus check was a 150$ check... Last year...
Great, clear explanation of the Gamestock story for those of us who don't understand such things.
October 2021, GME still hanging tough at $180 give or take. Other "meme" stocks come and go, but GME is still very much valid.
Feb. 2022 and it is now at $100 and probably on it's way back down to $20 or $40. The company isn't worth that much and the story only became possible because one side over bet. Over betting on the other side was only going to work for so long before those others lost $. In the long term, stocks will settle at fair market values. Brick & mortar GameStop will go the route of Blockbuster video. It is inevitable.
@@joelwillems4081 nah they're going into the NFT market.
June 2023 and they're at $25. Just for future reference.
"It was almost like a bug in a video game being exploited." A dinosaur-sized bug, yes.
A Cyberpunk bug.
Ill make it as simple and tldr as possible
Argument: people are losing money because of hedge fund shorters nobody else is manipulating the market.
Me: WSB in the past have targeted stocks such as amc, bby, blackberry, "citron" and gme, which are unprofitable and fundamentally bunkrupt long term. Stocks like these are prime targets for artificial inflation as they have been for decades. Fundamentally and mid to short term - these companies are going to go under because of their valuation.
Argument: hedge fund shorters cause people to lose money
Me: shorters control volatility and allow for critical analysis and accurate company valuation. If a truly valuable company was shorted in large volume, smaller investors are able to bank on the profits hedge funds dont capitilize on. Hedge funds also compete with eachother, and undervalued companies are prime targets for funds to get an edge over other funds.
Argument: GME is definitely not worth 3$
Me: thats a matter of stock valuation. Just because a company has a new partnership or whatever doesnt mean investors need to start investing in it. Long term fundamentals always trump short term gains. GME is not a long term stock fundamentally.
Argument: WSB doesnt have the resources to manipulate the market.
Me: WSB has always targetted fundamentally challenged companies that are mass shorted as mentioned since it takes relatively small volume to cause a squeeze. This practice has been known for decades (and is illegal) however hedge funds still continue short when companies are unprofitable long term.
Argument: shorting for 100% of a stock is making money off a company failing
Me: since funds manage a large volume of Money, they execute the most efficient and safe trades. There is a reason why funds dont just short every struggling company they see, long term GME and the afforementioned companies are unprofitable, have lost market share continuously, and now are fundamentally unlikely to regain their former profits- i.e a near 100% chance of a company losing value. It is not a hedge funds fault they are losing money or not gaining business, its always the companies management. Also as mentioned, if these companies were even slightly profitable, smaller funds looking to get an edge over competitors wouldnt think twice about capitilizing on it on because thats how the market works - a competition between buyers and sellers, market valuation and NOT gambling, yolo stocks and revenge p0rn market manipulation.
WSB hasnt stuck it to the man, that much is evident, they arent even making a dent since even the smallest funds have more buying power than WSB could even hope to have. They are ultimately punching themselves and smaller investors that depend on market stabillity in the face.
Melvin capital was just handed a billion dollar buyout. And brokers prevented volume influx. Im not going to simp for funds but tell me, if there was any condition that has ever existed for a fund to recieve a buyout, it would be this one: plain as day market manipulation for the sole reason that "wall steeet sucks". Plain as day market manipulation that if you even took a second to glance at a brokers terms of service, you would know preventing openings and closings is allowed to occur when market manipulation has occures.So lets see what WSB had actually accomplished - they developed a bs people vs rich story, wealthy whales manipulated the market for the sole purpose of self profit, they created more volatility which only hurts smaller investors, they gave Melvin capital along with other funds a get out of jail free card worth billions and instantaneously after this stunt, people will short GME en mass, plunging the company into bankruptcy again because it is fundamentally a bad company thus, making the evil shorters even more rich. Please tell me how its the little guy whos winning?
Doesnt also seem even the slightest bit weird that everone just so happens to have the same hyperbolic rhetoric all of a sudden?
Well, WSB is made up of gamers and gamers generally try to find exploits, so that is what happens when gamers play the stock market.
@@mazzaleen6091 I can tell you that some little guys made out like bandits.
@@jeffshackleford3152 He has no clue what he's talking about.
I don't know why but everytime Dagogo says "sit back and relax" I tend to physically lean back and think to myself "this is gonna be good"
"Have there been any conversations about the stock market?"
"Well, we haf woman treasury :D."
Real life seems like a parody from 10 years ago
Yeah,wft was that answer ? Were they promoting diversity there ?
@@blankblank1273 If you look at what Twitter is right now, yes.
Stfuuuuu
It's amazing it took that long for a coordinated play on the markets via social media to happen
Watching this while studying, I need this, I need some high quality documentaries. Thanks Dagogo!
this isn't a documentary. it's based on speculation right now. once every fund releases its results and data gets updated we will see who got away taking the most. if it will result in them all highly profiting then it means retail got straight fked once again (dumb money)
Get back to studying!!
I was part of the frenzy and your documentary covers all the major points thats available to the public. Good job on your research man.
Another story i can proudly tell my kids i was part of ✅
What other ones?
@@mdogzino they literally did nothing lol
You sold?
This story ain’t that big it’s a mediocre story
How much did you make?
Wall Street is like playing a game with a friend. When he is losing he cries and creates new rules.
Without “diamond hands”, ppl would’ve sold.
People did sell, weak paper hands
I bought at 290, saw it drop to 50 then sold at 70. It was a fun roller coaster :D
@@BenExell I spent a sizeable chunk of all my saving on gamestop before it took off. I sold everything at its height. I am now a happy man. I'm going to put away most of it (just in case i need it), use part of it to reinvest into other stock and with the last, exceedingly tiny portion i'm going to build a patio. Life is good.
And diamond hand is like Thanos getting the infinity stones. 😁
If this is the Original, I'd hate to see the often times Bigger Badder Sequel
Ahhhh jaime, the guy who abandoned the subreddit, came back just to squeeze some milk out of it, got removed out of picture from the backlash, then come back again just to take undeserved credit.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it
Grabbing multi-figures in cypto is possible with the right approach
@Brady Without risk you can't be successful in life. Most millionaires you see today took risk to become who they are today
I've been making passive income monthly from Btcoin for over a year. It's best you trade with the help of a professional broker because it save time and reduces the risk of losing funds in trading than doing it yourself as we all know how volatile the market is
@lajiea1723 You speak with a lot of experience would like to know more about this Mr Umar basher and how I can reach him
He trades, manage trading account and offers mentorship program for clients who wish to become professional investors
Finally someone explains to me what the hell is going on.
The hedge funds were shorting GameStop down to $2.00. someone from Reddit wallstreetbets group figure what they were doing. An entire army 🪖🪖 of them team up and open options on gamestop and started buying shares by the load sending the stock up like there's no tomorrow. The hedge funds lost money by the billions.
Holy guacamole
"We fought the tyrant of the bloodline to be under the tyrant of might, but once we freed from the tyrant of might we are under the tyrants of wealth. What a shitty day to be a serf." -A guy on the internet.
January was just the first battle it ain't over yet! HODL Apes! HODL
HODL with diamond hands!!
To Andromeda and beyond!
@@valeriam.b.5463 Fuck Yeahh!!!
Still hodling!
@@jmango5370 Still holding!
This is only an example of what the little people can do when they unite together. If we continue to flex our power together, we can regain control.