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Jan 27, 2021 10:59 PM
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Ludus
Now that NASDAQ has stopped trading - maybe they'll let employees stay home.
Bojovnik84
I'm gonna steal my own post for comment karma.
IwentLookingForWhatTheBiggestIdiotHasToSayAndHereYouAre
Socialism for me, but not for thee.
ChalkCoatedDonut
They live on the phrase "I am in this game to win", seeing poor people doing it isnt part of that game.
Rainbowdaesh
It's amazing how much the supposed capitalists at NASDAQ hate capitatim.
Frogapus
How long until these guys start meming themselves as Bane?
NKato
If NASDAQ decides to pull this, they can expect a slew of lawsuits alleging favoritism and insider trading.
AngryGraphicDesigner
Imgur could easily do the same thing Reddit did.
InspiredForestRaptor
They should keep gaming the system till they say "fuck it. We're stopping"
Beanholio
Time for a class action lawsuit if that's the case.
sleepinggreenidea
SCOTUS is doing its level best to winnow down the ability of people to bring class actions to nil. Not there yet but the trajectory's clear
Pokegeologist
Fuck it, when will a real Robin Hood step up to create a mutual fund to pay off people's loans and mortgages and shit? Or a rainy day fund?
IWouldLikeToGetOffThisRideNowPlease
Be the chance you wish to see, pal
CGMR
The hypocrisy these SOBs have is astounding. You got played at your own game. Eat shit.
indigodragons
IWasToldThereWasCake
wuja
Wall Street ain’t dumb. If anything, normal people are gonna get hurt even though we “won” for now
Sinus23
Yeah they will lure people into similar sort of thing making it somehow fail on us and no one will participate again is my guess...
kiddub
Someone’s buying GameStop stock right now. Once the game is over, redditors are going to dump this stock. There’s no real value in it.
Havok707
Its a pump and dump. People who tried out crypto in 2017 know how it ends
aThingWithTheStufAndTheJunk
DrStrangeloveandhowtolovethebomb
I really just hope this shows the power people have. Coming together to do things we think are pointless and won’t make a difference.
TheDukeOfNuke
Fuck around, find out. Why do they get to play by different rules?
IwentLookingForWhatTheBiggestIdiotHasToSayAndHereYouAre
because whereas we just pay the politicians to do their job, they actually own them.
Nunyajonesinc
The second average people have a chance to turn a profit on publically available information they stop testing trading? This system isn't
Nunyajonesinc
Fixed at all.
ExoQube
Totally agree. This should either be something where you make changes after the squeeze or let things self correct.. no more huge shorts
ExoQube
or else Reddit will fuck you over
SonicSpeedMauriceTheCapableHedgehog
This is that free-market capitalism we keep hearing about right?
snikpmupgnihsamseht
The government bailing out billionaires while the rest of us suffer
notreallythatunpopularopinionrabbit
The govt hasn’t bailed anyone out (yet) from this.
kimbozo
Always has been
Sageypie
"BuT hOw CaN tHeY cReAtE jObS iF wE dOn'T bAiL tHeM oUt?" Seriously though, fuck these economic parasites. They take, and give nothing back.
SclopioPeepio
Not really the government in this case but I get your point
GoldFrieza
It will. Theybalways bail out rich ppl. 2008 was not a 1 time thing. Billionaire bailouts are almost a yearly occurrence
ExoQube
That is true, but the overlap between government and rich people is almost indistinguishable.
goodbyepants
Meanwhile where the FUCK is my $1400?
TheGhostofKennyRogers
Yeah im tryin to buy more gme
OntDave
Currently tied up in some hedge fund.
labtob
oh, you wanted that?
manystripes
Ah yes, the time honored "I wasn't ready! That one doesn't count and you owe me a do-over!"
ryan44
Stop fucking with my 401k assholes. I’m poor like you as well.
ryan44
Slight sarcasm btw. It’s fair game when things like Robinhood expands market access. Kinda like mail in ballots...
Xedi22
Your 401k shouldn’t be in a shorting fund... unless you like it super risky.
ryan44
Risky is my middle name. But it’s not. I don’t have a homeless wish. It was an attempt at humor at these fun times.
iAmActuallyaDog
Whats going on? I don’t understand. I saw wealth simple trending but thought it was because of slow servers
sinbinrugger
Viva la revolution!
VarriksTheLoyal
Redditors fucked over some short sellers to the tune of billions, now the short sellers are salty
AGGRESSIVECOMPLIMENTS
Can you dummy style a full explanation for my friend?
VarriksTheLoyal
Alright, I'm an idiot myself so I understand. Shorts are when someone borrows a stock then sells it hoping the price will go down. A few
VarriksTheLoyal
investment firms did this, with more stocks in existence of gamestop. Redditors saw this and purchased so many stocks to force up the price
VarriksTheLoyal
When the firms have to buy back the stocks in a few days, they will have to buy at this giant price. Plans currently are to try this with
Spongebobsbae
BewareTheIceSpiders
Gamefied is exagerated. Hedge funds literally made a contract to buy more of a thing than there is. It would have blown up regardless.
channelranger
rugged capitalism for the poor, socialism for the rich, playing out all the fuck over again. Eat the rich. Or better yet, tax them.
Angrar
start at eat the rich so that you get negotiated down to taxing them
Xedi22
But when the poor(er) make some money in the system, got to make sure to stop that madness quick!
atotalmoron
Just change the rules when you start losing.
lucivjov
It’s a preset market circuit breaker, they go off automatically, like last year in March it was like once a week
SlasherQuan
Invisible hand of the market is good until it isn't.
BlacknCrimsonRose
It's how all children play.
xenocrisis0153
Mitch McConnell dislikes your comment.
GuyFleegman
What are republicans
hobbitbandit
Or just Republicans, that’s why you will always be trapped in your small mind, it’s a system not a ideology. Fucking think for yourself!
GuyFleegman
It was a jeopardy reference used as a joke, ya boob
Tyanet
Congrats, you just won the daily double!
goodbyeitwasfunwhileitlasted
That's bullshit. They put their money in the market, they should suffer the consequences if it goes bad. Fuck this special treatment shit.
SuperiorPebble
This is a meme, not a headline.
danny5858
Eat the rich
Sowhatseverybodydoinglater
"Hey some of those hedge fund also manage pension accounts too!" Yeah...they see how that's part of the problem right?
gypsyspot
What's a pension ?
merrilywegoalong
Isn’t NASDAQ a private company? They make their own rules
junkgoof
You don’t change the rules or bail out rich idiot losers. Clinton bailed out criminal idiots and couldn’t beat Trump after. Unelectable.
Clabeb
Yeahhh, but im rich, and id i lose money on stock, i deserve a government payout, unlike the filthy homeless and poor who deserve it way mor
PutItInNeutral
Ain't gonna work. The WSB crowd are holding just to fuck with the hedge funds. The longer they hold out the better it works in their favor.
HieronymousFlex
The system exists to benefit the rich. Now it will suddenly "need urgent reform" and legislation will get pushed through at mach speed.
getguds
and that's just to keep the peasants out of their palace, then they cry to the government to use more tax payers cash to bail them out too.
njadakatchalla
njadakatchalla
Welcome to the capitalist states of America
commentfarmer483725596037
I'm sorry, thats not how congress works. if you can afford a lobbyist you get special treatment.
Yoyorazer
Legal bribery
ilikedogsandspaceships
One (1) billionaire dislikes this post ??
DesirousYeti
The malaphor strikes again!
Blacktusk
It IS bullshit, Gamestop isn't on NASDAQ, it's traded on NYSE.
goodbyeitwasfunwhileitlasted
True, but the instability in the market has impacted more than just GameStop, and because billionaires might lose money, NASDAQ is reacting.
goodbyeitwasfunwhileitlasted
If it we're just the ordinary people who stood to lose money, they'd just say that "that's the risk you take in stocks"
CptNTennille
Caveat emptor motherfuckers
KilroyLichking
read this in Marcus voice from borderlands
TheWarHymn
When the rich lose, they change the rules.
lucivjov
Nah it’s preset circuit breakers that pause the markets. Happens a few times a tear. Remember the March crash in 2020?
MundySeme
NeverDoTriangleFace
Whaa?
LuminoZero
Ring-a-ding-ding, baby.
NeverDoTriangleFace
But Zegna afyFajah umayoorti aminati!?
DougDeNasty
us retiring people are looking at this going.. nope.. we are going to keep our jobs for five more years because somebody fucked up our 401k
TheMaleManPostMalone
If your 401k is properly managed, at retirement age, it should have only about 30% in stocks anyway. 100-110 minus your age is a good %.
Pikkupanda
Yup. I'm just watching our stock prices go down and thinking.....well, shit.
Rhythmaster
I cant believe that it was set up for peoples pensions to depend on speculative hedge fund gambling. What a terrible system...
KalaninGamer
Kind of the point why 401ks tend to be mostly invested in "low-risk" safe stocks. Least that's the claim.
KalaninGamer
I'm not overly worried about my own 401k as a result, but I can understand the concern when we've been told Social Security won't have money
KalaninGamer
For our own retirements after 2030
TheN8
You fucked up your pension if you left it all in volatile speculatives.
Attackchopperfetish
Okay so it's quite obvious fully. So when do we take back this planet and start taking care of it and each other? when?
HumtyFuckty
Never. This planet will die. And if we don't die with it, we scatter across space to form new colonies and discover new crimes against man.
Grizy
Earth will be fine. Not us.
Sircowdog1
Go home Emperor of Mankind, you're drunk.
zerneus
Khorne welcomes all to donate to the needy... donate blood... to Khorne...BLOOD FOR THE BLOOD GOD!
ifuckinhatechosingnames
Do you people not understand that hedge funds have more than just "rich people " money you hate?
MarkWhoGivesaFukFrom93Tv
Let's find a good class action lawyer on retainer
ducatispeed848
BRING BACK GJALLAHORN!!
mrgofast218
"Fallen. ... I'd go out there with ya, but I pawned my Gjallarhorn. Shucks." Take my upvote
dcostanza1
This isn’t special treatment. There are defined “circuit breakers” that automatically kick in to prevent panics and flash crashes.
dcostanza1
*pre-defined
sbthree169000
Well if people could finally put down the white black red blue bs and learn it's 99% vs. the 1% this shit might not happen
Zuzab
Because white people are still crushing non whites. It can be both classism and racism at the same time
BeesechurgerProductions
I think they meant 'white black' as in like, black-and-white topical issues, not ethnic skin tone.
Zuzab
Then they wouldn’t have added red vs blue
sbthree169000
Add as many ism's as you want kid, it's rich poor. You want to get bogged down in the fight they want us to fight, that's your choice.
Zuzab
You can’t deny racism bud
sbthree169000
Please show me where I did you simp
icommentwithsteveharvey
You new here?
TheJonSnowShow
No just getting louder
DruTangClan
goodbyeitwasfunwhileitlasted
Yep. 1st day on earth. New body is taking some getting used to. Like what're the mouth rocks even for? And why does everything have an odor?
stankginchfurbuger
Jerk off and put your finger in your ass. Trust me
admiralawesome4213
2nd day here. you can fire the mouth rocks at your enemies as a projectile defense. the odor is meant to help attract bees. hope this helps.
fembaht
theusernameformerlyknownastildo
Did Zuckerberg help you get set up? if so, don't listen to most of what he says, he hasn't quite figured out the nuances of humanity yet.
admiralawesome4213
drinkwaterfunction.exe.....task failed successfully
crazyspelling
For tacos.
Sidewaysgts
Best advice i can give you- Theres an old rusty kitchen knife that hangs on a nail in the laundry. Do not use it in the kitchen.
goodbyeitwasfunwhileitlasted
That's the cake knife right? Looks like it's only ever been used for chocolate though. Is there one for each flavor hidden around the house?
goldnboi
Your mouth rocks are so you have to purchase separate insurance. Everything has a smell so you can taste colors.
goodbyeitwasfunwhileitlasted
BUT WHY DO THE COLORS NOT TASTE THE SAME?!?! Sometimes brown is good, sometimes very bad. And why does the waste disposal only taste spicy?!
NeverDoTriangleFace
Wait until you find out about the JavDtJaPpahT r ex! I'm not sure the human word for it though.
BeaveIt2Leaver
Loosely translated it's 'seed of cookie unheated' but we call it raw cookie dough.
AgentPothead
Wait till you find out about the sky fairies.
SpecialAgentPinkfinger
You've betrayed the agents! Don't reveal the sky fairies!
zerotakashi
fart?
admiralawesome4213
we just call them pilots man.
AgentPothead
Nah sorry, I meant the ones that some people worship like gods and are willing to kill people who worship different flavor sky fairies.
SliderOfElay
Shorting stocks is dangerous and should be. They opened that can of worms now lay in it!
scaredwhiteboy
You can't have your cake and get away with it!
KingMidas123
yuugian
"we can burn that bed when you lay in it"
itsjustplaid
Those poor worms.
theguywiththevoice
Shorting stocks shouldn't be a thing. Screaming "I bet a million dollars this company will fail!"guarantees harm to the company.
Jimmytheeel
...wait, what?
VaardArk
Fun fact: this is known as a malaphor
SnailsAgainstTungstenSpheres
That fact is as fun as shooting monkeys in a barrel
corpofilth
Nunyajonesinc
Especially when you short 140% of every stock in the company
downvotevacuum
Is that what happened? I've been looking, probably not hard enough, for the source of this.
MRoATOMIC
https://finviz.com/quote.ashx?t=GME yep.
sehven
I still don't understand that part. How did they get 140% of the stock?
[deleted]
[deleted]
sehven
Yeah, I get that part, but 140% would be like selling 7 bananas. How'd they do that when there were only 5 to borrow?
Nunyajonesinc
They sold some of the borrowed stocks more than once
ProfessorPritt
On Robinhood it practically yells at you multiple times when you do a covered call or a short against margin - Hedgers hubris imo. fuck em
CatatonicCowMoo
I... uh... ah fuck it it works.
theflawedone
May the bridges we burn light the way!
Josh4422
I loved this frase, is this a common american saying I can say in a meeting with the US corporate office?
QuarksToCosmos
Don't listen to @sykotic1189. They are fake news. Yes. Yes it is. It is used in corporate offices everywhere across the US.
sykotic1189
It's a mix of "opened this can of worms" and "made this bed now lie in it" but anyone should understand it but I wouldn't use it in case
sykotic1189
someone thinks you're dumb and screwing up
KillerTofu69
NOW GET IN THAT CAN!!!
designjunkie
fun fact: the mixing of two idioms or aphorisms is known as a malaphor, such as in this instance. :)
TheDarkestStig
My favorites; "let's burn that bridge when we get to it" and "this ain't rocket surgery".
Richarmeleon
You aren't the sharpest crayon in the shed are you?
attofreak
I am guessing they thought they were shorting a dying business, like Blockbuster a decade ago. Reddit was still a porn database back then.
AntmanSalutesAmericasAss
Always has been
diphenhydraminehcl50mg
this is the way
CosplayComet
But if I lose my life saving's in a bad trade, too bad? Just curious.
Holyfuckwhatsagoodusername
If you decide to invest all your money into a casino gamble should the casino give you a kickback when you lose it all?
iamjacksbadusername
"if its a million [or less] that's your problem, if it's 10 million that's our problem." - every bank and hedge fund in existence.
swattyKnotts
Lose a lot of other people’s life savings too.
EroticZombiePants
Yup. You aren't rich enough to matter.
CosplayComet
But at least I'm rich in love, right?? Hahahahahahahah.....
Royalflush908
Just a millionaire who's down on his luck temporarily, like all us americans out here.
CosplayComet
Richest nation in the world, right? RIGHT?!?!
aslum
I mean, stock market is gambling, probs shouldn't be putting your entire life savings in there.
Pinaplewapi
It's not gambling if you don't treat it like gambling
CosplayComet
I keep mine under the mattress. Oh damn! Now I have to go move it...\
Scout4truth
Yup. Your decision. You roll the dice, you pay the price
walkingoneggshells
Yes yes yes, exactly. If someone wants to play it risky, it's their fingers on the rails
Snooj
What he's saying is that if that mentality applies to him, it should also apply to billionaires.
tgurr9094
The "just curious" part made me question if it was actually sarcasm
ReverseSyzygy
Next time, you should be a billionaire
CosplayComet
What if I stop drinking lattes?
kateklysm
Don't forget the avocado toast
CosplayComet
Well I can't give up THAT!!! Guess I'll just be poor.
jefffffffffffffffffffffffff
If you think anything in the US is structured to benefit other than the rich you’re the type of person they love
RuijiRiku
FakeBanditHat
thepenismightierthanyours
Just the US? Ok.
CosplayComet
Whaaaaaat? You mean the government is NOT looking after my best interests?!?\
jefffffffffffffffffffffffff
It a single fucking one from any party
Leodivinci
No no. The government is. Your legislators arent.
jefffffffffffffffffffffffff
https://www.moneycontrol.com/news/world/nancy-pelosi-buys-25-tesla-call-options-may-benefit-from-joe-bidens-ev-push-6403871.html
EveryGOPAccusationIsActuallyAnAdmission
This is just good smart trading though. If a repub is in office, you invest in oil. If a dem is, invest in green energy.
EveryGOPAccusationIsActuallyAnAdmission
When pg&e burns down california and kills a bunch of people, their stock plummets. The smart ones buy it up and sell when it comes back up
EveryGOPAccusationIsActuallyAnAdmission
As much as I am not a fan of Pelosi, this doesn't seem like anything wrong or illegal. The president wants green energy, green stock will
PutItInNeutral
That is literally putting all your eggs in 1 basket. Does that seem wise in any situation?
CosplayComet
No, that's why I don't do it, but I HAVE heard of people losing their shirts on a bad investment call, and it's always just "Sucks for you."
PutItInNeutral
If I bet my house on the Packers to win last week and lost my house, that's pretty much the same thing. It would "suck to be me" in that...
PutItInNeutral
...situation. It would also be 100% my own famn fault, and I would have to face the consequences of my actions.
PutItInNeutral
*damn not famn