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I don't *entirely* understand this article, but it seems some young Internet trolls have manipulated the US stock exchange!
They simply used the tactics of the established stock brokers and speculators against them. The whole thing seems completely irrational (a bit like that old Dutch tulip craze?), but somehow that's the point. The trolls, who are presumably libertarian, have managed to demonstrate the batshit crazy nature of capitalism...
The irony.
There are now even rumours that one of the hedge funds has lost so much money that they might file for bankrupcy! LOL
ReplyDeleteThis shit is now all over the news, even NASDAQ has reacted. Heh heh. What a time to be alive!
ReplyDeleteNo, really. I mean *everywhere*. Wtf. It's treated as a major crisis! Whoa.
ReplyDeleteWe have reached such levels of weaponized autism...
Check out YouTube clip "What is going on with GameStop stocks" by Keith Woods.
ReplyDeleteDid you say three *billion* dollars???
ReplyDeleteThe end of capitalism is near. And yes, it really did go out with a bang!
ReplyDeleteBautiful irony to do this with a company like gamestop. They were on their way to ruin because their buisness idea bacame technically obsolete. Few people buy games irl these days, they download.
ReplyDeleteSo much for the idea that "the market always promote the most rational ways to provide consumers with products and serviices.
The entire system needs to be "shorted"...
ReplyDelete