Business & Finance The GameStop Short Stock Sensation

[LindyAF]

Well, the ones that depict some plucky social justice warrior defeating the evil right-wingers' attempt to crash the stock market will probably get made.

Probably not? It's still too niche, and hollywood is not going to put out propaganda that identifies social justice activism with wall street interests.

 

[Captain X]

Oh, they'll couch it in something else, I'm sure. The protagonist will probably be some strong, diverse female character who overcame poverty through the stock market and still has to deal with -isms and -phobes, when suddenly these Trump-voting financial terrorists came along and threatened to put her back into poverty. Fortunately the Democratic government came along and saved her.

 

[Husky_Khan]

Bit of an update, pertaining to one of the Redditors, Roaring Kitty, who helped drive the Gamestop sensation on that platform.

But in a lawsuit filed on Wednesday, Gill — known for donning a red headband surrounded by cat paraphernalia in his YouTube videos — was portrayed as an undercover trading mastermind who drove GameStop shares higher to line his own pockets.https://nypost.com/2021/02/04/publishers-scramble-to-sign-reddit-rally-authors-sources/

The class-action suit filed in Massachusetts federal court on Wednesday took aim at Gill’s online personas, saying he knowingly used them to create a fake populist attack on hedge funds and pump the price of GameStop — eventually creating millions of dollars of losses for retail investors who followed his advice.

‘Roaring Kitty’ Keith Gill defends his GameStop posts amid lawsuit

A star Reddit trader known as “Roaring Kitty” plans to defend his bullish GameStop calls in front Congress one day after being slapped with a lawsuit for his role in the trading frenzy. The trader,…

nypost.com

 

[PsihoKekec]

How dare he make rich people a tiny bit less richer!

 

[DocSolarisReich]

How dare he make rich people a tiny bit less richer!

Will someone please think of the Hedge Funds!

 

[LindyAF]

The argument is that he cost retail investors money, not hedge funds, although I think this is probably an attack in bad faith, and they wouldn't really care unless a hedge fund lost money.

 

[Urabrask Revealed]

Bit of an update, pertaining to one of the Redditors, Roaring Kitty, who helped drive the Gamestop sensation on that platform.

‘Roaring Kitty’ Keith Gill defends his GameStop posts amid lawsuit

A star Reddit trader known as “Roaring Kitty” plans to defend his bullish GameStop calls in front Congress one day after being slapped with a lawsuit for his role in the trading frenzy. The trader,…

nypost.com

Of course the scum of Wall Street have to try and make an example out of the most prominent figure of the subverted shortening. Filth, the whole lot of them.

 

[DocSolarisReich]

The argument is that he cost retail investors money, not hedge funds, although I think this is probably an attack in bad faith, and they wouldn't really care unless a hedge fund lost money.

Precisely, this isn't an attempt at restorative justice by a disinterested authority, this is an attempt to punish the ring leaders of organized resistance through political persecution.

 

[Arch Dornan]

This hedge fund bet against GameStop — it’s now closing after suffering losses: reports

Got one. Diamond hands mother fucker.

 

[History Learner]

This hedge fund bet against GameStop — it’s now closing after suffering losses: reports

Got one. Diamond hands mother fucker.

if only it was fucking Black Rock…

 

[ParadiseLost]

if only it was fucking Black Rock…

LOL, Black Rock has $8 trillion in assets, them failing over losses would crash the world economy harder than the 2007/2008 real estate crisis.

 

[DocSolarisReich]

LOL, Black Rock has $8 trillion in assets, them failing over losses would crash the world economy harder than the 2007/2008 real estate crisis.

Which is precisely why BlackRock delende est.