Gamestop shorts lose billions, get $2 billion bailout, and keep shorting anyway

[@felixf4378]

Bought $5K at 92 today. I wasn't planning on buying anything, but after what I saw today in the morning I got triggered. It's not about the money anymore. It's about beating the hedge fund that has access to all kinds of insider tools to screw over retail. They were artificially capping the stock price at $90 for a while. On top of that robinhood increased their margin requirements making a lot of people get a margin call and forcing them to sell. They are all in fucking bed with each other. HODL 💎

[@rossmanngroup]

I'm not selling mine until $1000. Melvin capital isn't getting my shares until they beg for them.

[@juangouveia8098]

@@rossmanngroup lets see them squirm!

[@keepercool98]

@@rossmanngroup 🚀 🚀

[@mugenmoogle4734]

These fund managers keep doing these unethical/immoral shorting hoping to bankrupt companies and then get bailed out by their chrony big brothers to keep being greedy. I don't usually get emotional when I buy and sell stocks, but for GME I am holding my shares until I see Melvin Captial burn. Once Melvin is down, we coming for Citadel next. I'm tired of these rich elites manipulating the market for short term interest because they are too greedy to let go of the gas pedal. They literally are trying to kick a dog (Gamestop 3Q2020) when it's down.

[@jbird999cg]

sad reality it will probably hit that much at this rate however it will crash no question so stick it to them then bail and laugh to the bank. As you said do not make it a long term invest this will crash hard. With the rate of growth it's going yeah i can see 1000 being a real possible but no way it will hit 2000. The return on this will be insane.

[@esausilva945]

Internet Historian is going to have a lot of fun with this one. can't wait.

[@lydellb]

BRUH

[@jeromewtf]

Best video of 2021

[@MrMattumbo]

He's already way behind for the year and it's not even February lol

[@wingracer1614]

Oh man, the videos people will do years from now will be epic. I can't wait to see Karl Smallwood do a vid on it. "That Time Reddit Destroyed a Hedge Fund"

[@Curlyim2]

@@jeromewtf ,,,---,-,-,,,zz-

[@UselessDuckCompany]

GME finally paying me back for underpaying me for my used games, next AMC is paying back for the overpriced popcorn!

[@DuffMcDraw]

Moviepass already solved the overpriced popcorn problem for me. It was great while it lasted.

[@derpdawg3492]

Movies are actually usually shown at theaters for a loss, or close to it. Many movie theaters only make money with the popcorn. COVID really fucked them up.

[@NoVanity1]

Ticket master is next!

[@johngrave5554]

@@DuffMcDraw AMC one was pretty cool 3 movies a week and no blackout period on new releases it might have changed I don't really remember. One of my friends was asking if they are making money off of me? I was like maybe they are making more TBH now I just go on a whim to watch a movie and I'll most likely buy concession. It was only $25 in NYC which was pretty much the price of one ticket. I went from watching 4-5 movies a year to almost 6-8 a month. Now I would actually go and watch independent movies because I wouldn't have to pay the $15 ticket and might just buy some merch which benefits them more.

[@radnukespeoplesminds]

Nah hold the line on GME the AME shit sounds like misinformation

[@MeetTheBushes]

Cuomo's "get an essential job" comment was such a "let them eat cake" moment.

[@rossmanngroup]

He's a piece of shit

[@vitoratio2718]

@@rossmanngroup your honesty is refreshing

[@hdezn26]

Well someone else said that . . . guess what happened to them. lol. The people pulled out the uno reverse card and went off with her head.

[@SelecaoOfMidas]

@@rossmanngroup That's putting it lightly.

[@wobblysauce]

For sure... Cuomo doesn't have an essential job either.

[@ChengTeoh]

Gamestops' company slogan is “Power to The Players” ... that's just the perfect tagline for the movie that's going to be made from this whole fiasco after all the dust settles. [ btw I'm buying at $210 just to stick it to the man, I don't care if I lose all of it as long as one of those institutions get liquidated to zero ]

[@Tobykaani]

210 dollars is a small price for a one man, but giant "fuck you" to wall street. God speed, don't sell it to these mofos.

[@MapleJokerRofl]

I don’t get this liquidation thing . What should I look up to understand it ?

[@Jacktrading]

A true hero

[@robingraver3131]

Bro I see you everywhere I go. I love you.

[@josephclements2145]

"The Wrong Big Short"

[@jbergene]

they get bailed out when they gamble and lose everything. When we do it, we lose our houses and so on. Most corrupt system ever and I sincerely hope they all go to zero.

[@phillgizmo8934]

Worse, you can lose everything even without gambling/trading.

[@yourvenparianen5390]

They cant keep getting bailed forever for billions thats the point. We will crush them. Together we are strong

[@mikewalko536]

This isn't a govt bailout. They got bailed out by another firm in exchange for a share of profit. If you lost your house because you couldn't pay off your mortgage no one else is going to 'bail you out' by giving you another loan because you've demonstrated you can't pay it off, they would give you one for a stupid high rate. They also didn't lose everything. There's a good fight to fight here, but making incorrect claims just makes you look like a fool.

[@josuem7398]

@@mikewalko536 It's well known America has Socialism for their military, Socialist policy for Wallstreet, Socialist policy for corporate, but no socialist policy for the average person.

[@mikewalko536]

@@josuem7398 sure, but that's not what people here are saying. They are crying about a private firm bailing out another private firm with zero gov involvement. I agree with your points, but people are conflating these issues

[@rightwingsafetysquad9872]

It’s not about the money, it’s about sending a message.

[@connernickerson5509]

I'm only burning my half.

[@leerman22]

When everything goes to plan nobody panics, even if the plan is horrible!

[@dasturschloss8679]

@@connernickerson5509 good! Do something against the inflation

[@buybuydandavis]

I got that Joker meme.

[@Shadow-In-The-East]

"Tell your men they work for me now. This is MY city."

[@Pawnlust]

When I was wrong on my shorts, I never let them get past a 25% differential against me. I knew nobody would bail me out. They deserve to lose their money for refusing to manage risk.

[@1911Zoey]

Big daddy government will bail them out anyway.

[@hochhaul]

@@1911Zoey Especially the current puppet. He raked in 80% of WS contributions and owes plenty of favors.

[@sigmamaleaffirmationhypnob7340]

these people didn't get rich by taking risks lmao

[@rosco3]

That's not really the point. They have a limit against them but it's useless when no one wants to sell them. This was the perfect storm, way over 100% of shorted stocks + low barrier of entry on the stock + millions of people wanting to stick to them. It won't help when you say "I'll get out if the stock reach X" and by the time it reaches X you can't find any on the market to buy, thus driving price up and when you finally buy there's even less so the price goes up again and the cycle repeats itself with other shorters who were getting out just a little bit after you.

[@ericmathew6141]

@@hochhaul Trump administration has given plenty of bailouts as well

[@722guy]

Its not about the money. Its about sending a message. - Joker

[@AshishGupta-np3ld]

AGREED

[@rahe2141]

-the depressed insane guy

[@oriongear2499]

💯

[@AbdoZaInsert]

-Indian Joker

[@Verlisify]

3:50 My favorite comment from all this on reddit was someone saying "Institutions have no ability to handle people that are too stupid to cash in million dollar returns. HOLD THE LINE"

[@shawnlatour1825]

@@Rayd1214 I just want him to get a full return then continue waiting lol

[@ReallyBadService]

@@youtubevanced4900 He already has with previous options.

[@dtrrider1]

@@Rayd1214 He's cashed out 2 million or so already. He can hold the rest and get over 100 million.

[@Verlisify]

@@Rayd1214 I want him to hold, go down with us all, and then start a gofundme.

[@TKUA11]

Damn I’m banging my head against the wall. I sold 3 of my GameStop stock like 3 weeks ago for $36 and bought more Tesla stock. Ughhh where’s my $660? Can someone bail me out for $660?

[@SaadAhmed3000]

r/wsb is the real "occupy wallstreet"

[@borsenguru5664]

Yeah, they actually accomplish something too.

[@sharp14x]

@@pajeetsingh Too true. People are seeing the truth, so let's take race relations back a few decades why not.

[@MeDicen_Rocha]

This is how you actually mess with WallStreet. Not by protesting and camping in front of them, but by making them lose money and beating them at their own game. To the moon with this stock, the internet shouldnt stop until it reaches atleast 1000 bucks and 3 hedge funds collapse.

[@goodlight4113]

And I would go further to say, they have ALREADY accomplished more than occupy wallstreet did.

[@ozymandias7392]

@@MeDicen_Rocha best part is that if &GME hits $1000 it’ll be alot more 3 Hedge funds hemorrhaging to 0 tendies

[@danielgagne485]

The People have realized their power. This is only the beginning.

[@ryan2985k]

No government will always have their backs and manipulate the common man from Doing this again

[@schievel6047]

Would be so great to see those Hedgefunds fall, but hard to believe it. Maybe we could start finding the most shady trades they do and punish them so for every shady trade they do, they risk getting sparked

[@wb5mgr]

Or we could all remove our money from the market simultaneously... its yours to take. Their market would be lonely without our money in it.

[@justintime5254]

So when we mess up we lose everything but when they gamble and lose they get a bailout; got it

[@GeorgeMonet]

It's the difference between being poor and powerless and rich and powerful.

[@TheFettMan]

They aren't being bailed out by the government they are being bailed out by another hedge fund group.

[@gorkyd7912]

The difference is your life is not comprised of money, so when you lose money unless you live a hollow life of greed you still have a lot.

[@--i-am-root]

Crony Capitalism...privatized gains and socialized losses.

[@Katt1n]

@@--i-am-root Still not a government bailout but ye i agree

[@956870733]

Gamestop should announce a reward program that offers gamers deep discount if they provide evidence that they buy the stock to F the shorters, that would be even more scenic.

[@targetthetank]

Would be glorious if they use it to move from brick and mortar to online and challenge STEAM.

[@956870733]

@@targetthetank yeah, great opportunity if they know how to leverage the social momentum. Most of these are just tiny cute stores, I've seen one right next to JPMorganchase, one next to starbucks, one next to Nike. They have small and efficient store footprint and does no harm to the community, it doesn't deserve to die yet.

[@targetthetank]

@@956870733 Since Covid, 50% of changes in business is now permanent (last I checked, may have changed). Business literally evolved over the past 12 months. It won't be going back to the corner store model. I say that with a slightly heavy heart. The big thing I have been looking at is that model for building a city out has been studied and shown to cost a city more. The revenue was shown to drop potential taxes for the footprint of our business models now, by something close to $400k/yr. I will go find the link to vids and info and come back and post. Though, it helps explain what Louis is dealing with with the real estate in New York.

[@Foolish188]

Illegal

[@MassiveSwordAndCards]

@@targetthetank 10 hours later

[@MannyXVIII]

"We like the stock!" "Hold to the moon" Cannot count to number of times I read this today and how often it made me smile ear to ear

[@aJarrowLad525]

Thank you

[@MannyXVIII]

@@aJarrowLad525 You are very welcome.

[@eli13912571]

The fact that they doubled down made me want to buy-in today. Not gonna let a hedge fund dictate the market. Not selling till $1000

[@manictiger]

The fact that they got bailed out...

[@gorkyd7912]

I guarantee there are people predicting this. They are taking advantage of the news cycle to keep the feeding frenzy going. They will hedge by also buying / holding large quantities, then they will trigger the sell-off when they sell theirs and the news cycle changes, and then the short-sellers can finally get their cash back. If you're putting in a new short while it's at $169 or something and it drops back to even half that you've just doubled your money.

[@manictiger]

@@gorkyd7912 Unless they get margin called and forced to buy to cover at the top.

[@full-timepog6844]

@@jsnsk101 ????

[@geizigeratze]

@@full-timepog6844 He means that 1000 still is cheap.

[@donkalzone6671]

They got a bailOut... fck, this system is absolute crap...Go wallstreetbets Go!!!!!!

[@Stoneforth]

This is a scam that's been going on since 1913. Doesn't matter who's in power

[@SelecaoOfMidas]

Looks like their bailout failed. See the pinned comment. 🤣👌🏾

[@GershonBenYitzhak]

At the current price of $208 - they have already lost the bailout AND MORE

[@legallyfree2955]

To be clear they did not get a taxpayer funded (in this case... yet...) bailout money came from another company.

[@anupew3276]

they didnt got bailout, they got 2B investment from fellow investor so not really what we would normally call bailout. Only media called it 'bailout' (before proceeding with information that it was actually investment) and Louis refers to it such.

[@loisbrown7215]

"to some, and this is just speculation, value does not come from net profit, it does not come from gross revenue, it does not come from users, it does not come from patents owned by the company, it does not come from potential for future revenue, it does not come from intellectual property. to some, the value in a stock might just be its potential to make corrupt, naked short-selling billionaires cry. " i'm seeing that sentiment around the place, when people are only able to buy one or two shares. they'd don't care if they lose their $200, they want these corrupt billionaires to lose for once.

[@erikwsince1981]

Quote of the day!! “To some, the value in a stock might just be its potential to make corrupt, naked short selling billionaires cry.”

[@SudoRndCmd]

Indeed a great quote.

[@hermanrobak1285]

He said it at the end, spelling it out that the peons are not motivated primarily by profit here. It's a *punitive* investment.

[@renvhoek]

Louis Rossman, tech repair, commercial real estate critic, and now stock analyst, I look forward to Louis Rossman in 2023: physics professor

[@edrosales1520]

Better yet, virologist

[@matthewvandeventer3632]

He would probably teach physics better than most professors.

[@onpoint2292]

I am waiting for Chef Louis Rossman myself. I wonder if he learned any tricks fron his dad?

[@HamzaQayyum]

He's a fucking legend. End of story.

[@DavidLopez-rk6em]

gynecologist!

[@dragozero]

Imagine the financial revolution being triggered by none other than Gamestop

[@Sekir80]

That will be an Epic Gamer Moment!

[@JulioBigN]

There's no better way to describe WSB play on this one than as a PRO GAMER MOVE

[@alecpacheco6176]

I bought 1 share today to get in and screw these institutions. It may be small, but we are many 🚀🚀🚀🚀

[@owencairns5872]

every little helps

[@gatobravo6990]

We are in the millions. if the average entry is 1k, thats easily billions. fuck these hedge funds IM NOT FUCCIN LEAVIN

[@bgssmartin2]

What app do you use to buy a few shares?

[@Sonowske21]

@@bgssmartin2 webull for me. Fitting name really.

[@alecpacheco6176]

@@bgssmartin2 im using Robinhood i like it because its intuitive for a beginner, but other people different opinions

[@BlindMango]

I don’t think GameStop had this in their restructuring plans when trying to save the company lmao

[@TheTomBevis]

maybe they'll use the influx of money to adopt a better business model.

[@stevenson720]

@@TheTomBevis hopefully

[@inconvenientexistenlism]

If only, if only, Blockbuster could have had this intervention by Robinhooders.

[@Monkofpo]

@@inconvenientexistenlism funny thing, blockbuster is an otc. They are not gone. Technically, there is a smol chance.

[@pflernak]

@Cthulhu I hope they dont. It would be a greedy dick move to do that in this situation. Plus those would be shares that the shorts would use to cover their asses.

[@Avalanche2]

Can you imagine how thrilled and happy the executives and employees with stock are?

[@TheHipisterDeer]

Ya especially AMC since they were going completely bankrupt in January, just saved their butts.

[@Ninjaa320]

I love this guy's point of view. It's not biased; He isn't anti-capitalist, he's just realistic and reasonable.

[@rossmanngroup]

Thank you.

[@robbedemey]

Maybe he should be anti-capitalist though. If you keep finding flaws in the system, it's probably time to change. Being well aware of how decent people are getting screwed every day because of capitalism, it's time to make the right conclusions.

[@Wildboy789789]

@@robbedemey agreed, end capitalism, its time for corporatism

[@hallodunase]

@Lo Fell Thats nonsense. There isnt any country that has not heard of capitalism.

[@robbedemey]

@Lo Fell North Korea and Cuba were boycotted from international trade, I would have to agree that international trade is quite important. Btw, Cubans have 50% less chance to die from malnutrition than Americans. And if you are so uncreative that the only alternative for capitalism is NK/Cuba, then I understand why you are advocating pro-capitalism. But there are other options.

[@isambo400]

Why would we care about our bank accounts when we are priced out of our future anyway?

[@ClayMastah344]

No one else could’ve said it better. Right on the money.

[@tnikoli40]

Exactly. When an average person was making 40k a year a house cost 300k. Now an average person makes 50k but that same house is 5mill. F that

[@pokeman5000]

What I dream about is that this is the wake up CALL. All this crap thats been peddled for the last decade has been smoke and mirrors to the real Class war thats been in the shadows since the 70's. Its a dog and pony show as they pick our pockets from under the bleachers.

[@misterwonka8001]

@@ClayMastah344 What money? ( ͡° ͜ʖ ͡°)

[@facelessgames94]

This true. Taking away power is the same as gaining it

[@FrostyCat12]

Me with my two shares of GME: "I'm helping."

[@akiraguy]

hope you make some money too

[@FrostyCat12]

@@akiraguy thanks, bought them @76€

[@carloslugo9457]

I’m with you! Sadly they stopped the chance to buy (I was going to buy more shares today) but we need to hold!

[@levyroth]

Same, though I feel if we keep buying the dip we're only making these assholes richer. Because that's when they're buying too, low, and dumping when it's high.

[@whitepillxx3295]

@@levyroth lmao, maybe you'll get somewhere. Because the rest of the idiots probably won't. Now ask yourself how did mainstream gamers get this informations that traders are shorting it to the ground? Somebody tweeted that and urged his internet minions to come do the work for him. He literraly made money off you fools and probably not the only person toom

[@whisperingegg7339]

Since this video premiered the stock has risen $70 from the quoted $145

[@stinchjack]

OMG you're right. 66 minutes after the video published, its at $212

[@volume311]

Papa Elon dropped a tweet and it went vertical

[@Menaceblue3]

@@volume311 Papa bless!

[@CaptainTittus]

@@volume311 hehehehe

[@aj9969]

He sold ? Pomp it

[@stefanstenroos6344]

I can't blame the short sellers. They knew GameStop's policy and thought they'd only get like $5 for whatever they had. If only they had the Power Up Rewards card, at least they would've gotten a free Game Informer sub out of it.

[@targetthetank]

Well played good sir, well played.

[@whytho1690]

Lmao 😂

[@reinbeers5322]

Clever joke. Real talk, they deserve everything that is coming to them.

[@astrazenica7783]

A few short sellers figured out the housing bubble but didn't stop it from happening, blowing up, getting bailed out. They just profited from winning a bet. They made little if any positive influence on the economy as a whole. There is zero justification for short selling

[@Youtubesucks3]

I think the point he was trying to make is that it gives people an incentive to investigate and "fact check" companies to see if they'll fail and throw away a lot of people's investment. But it's all still a super parasitic system

[@thatnerdgui3496]

"making corrupt naked short selling billionaires cry" - that's my value and I'm in balls deep to the moon.

[@jimcmf2]

You are the MAN! Everyone hold onto the shares till $5,000.00 !!!!!!!!

[@ironrye4317]

He who sold what isn’t hisn, Must buy it back, or go to prisn. Good luck buying back 140% of outstanding shares

[@howel87]

😅😅😅😅

[@cl9826]

Rich people don't go to prison in the good 'ol USA buddy.

[@FunDumb]

At 23% right

[@iDreamOfOkra]

Rich people don’t go to prison, but PREVIOUSLY rich people DO go to prison! 😃

[@jamest7485]

Prison is only for the poor. Facts

[@jda79]

"shit they're attacking our position, maybe if we short even harder they'll all change their minds and sell"

[@nickbueno9678]

My favorite comment on Reddit about this was “Dear Melvin, The ‘y’ in ‘your wife’ is silent. Best, Reddit.”

[@irgendwerirgendwo9095]

ouch

[@falconeshield]

ZAAAAAAAI LOOOOO

[@Gen7x13]

Ha!

[@coreyh6698]

Got em !

[@brettbainbridge3154]

Savage

[@DeathBringer769]

When they get bailed out, or simply not otherwise punished for their actions, they never learn and keep repeating the same crappy practices that benefit themselves and hurt the rest of us.

[@koffing2073]

But if there is no bails out the whole system will collapse so the scam must continue

[@petemasta99]

@@koffing2073 let it burn

[@thelouster5815]

Koffing Let the scam burn. This whole system should not be allowed to exist.

[@aerfwefd7334]

@@koffing2073 Blood for the Blood God! Let the galaxy burn!

[@doc_ineeda_win5834]

@@koffing2073 there getting bailed out by the market company’s now , Robin Hood , td ameritrade, E*TRADE all stopped us from being able to buy it cause citidale owns them

[@milenstoikov9819]

I think a lot will change in financials after this. For one I'm not letting these assholes touch my 401K ever again. I started educating myself and I'm already pissed reading what portfolio they picked for me. Never again!

[@jennytrans2061]

A lot will change in financials after lol no it won't! The game has been rigged for so long. If you want to really go down a rabbit hole starting researching the Federal Reserve. Then look into inflation. You'll realize the value of 99% of a $1 has eroded over the past 75 years and it always will. Even if you live in Texas with no state tax....you are always being made poorer.

[@milenstoikov9819]

@@jennytrans2061 I just gave an example of why I think this will change. As far as inflation is concerned I'm not sure if we can blame the Federal Reserve or having a free market. I think you should study markets a little better than some video that led you to your conclusion. I think that the banal claim you were going for is that the Federal Reserve prints and lends all $ and gets interest on every single dollar in circulation regardless of where the money end.

[@memesgalore2676]

1000 IS NO LONGER A MEME, HOLD THE LINE Disclaimer: I am not a financial advisor invest at your own risk :)

[@GodwynDi]

Astronauts don't get to the moon without risk!

[@gatobravo6990]

IM NOT FUCKING LEAVIN/!!!

[@StuffOffYouStuff]

Loving this whole story. I can't wait for the documentary or even film to come out! Best quote i've seen so far on the WSB reddit is this "CNBC acting like this is some coordinated attack by smart people on WSB. MFers I'm sitting here eating ice cream when I damn well know I'm lactose intolerant. You think I make any rational decisions?"

[@wingracer1614]

Holy crap, that quote could have been mine. I just ate some ice cream and yes, I am lactose intolerant.

[@StuffOffYouStuff]

@@wingracer1614 HAHAHA! well it was then nice to meet you brother - it had me in stitches 😆

[@Tony-om5kr]

I know a relative who bought a few dozen shares @ ~$30/sh. He's cackling at how the hedge fund short sellers are getting reamed. GME closed at $347.51 today. If he sells now, it'll be a nice small bonus.

[@ThatGoat]

That's not how economy works. If you do something productive you already started wrong.

[@samuelspencer5047]

Please elaborate on what you said

[@ThatGoat]

@@samuelspencer5047 well. more often than not, trying to build up a healthy business is an arduous and risky process. Unless it's something so truly revolutionary people actually trow cash at you with legitimate reason behind. Speculating and bullshitting your way around and up the system? That's the way to go! Investing your own money is meh. Bullshitting someone into giving you their money to invest is better. Profiting off governments or other large and lazy organisations or straight out scam the large working masses? perfection! (see Louise's videos on pandemic insurance or check out generally how marketing works). Now you are talking about real profit margins!

[@dycedargselderbrother5353]

@@ThatGoat You've truly ascended when you've figured out how to repackage thousands of garbage, about-to-fail bullshit "investments" and get the smelly trashbag rated AAA by Moody's.

[@ryanmalin]

@@ThatGoat ugh I finally understand what you mean. I am an honest mechanic. Recently I got broke. Now I am slightly more persuasive to customers purchasing unnecessary items. Im still very honest I cant just fuck people over. I finally realized though, if the customer doesnt care about their machine, why should I? I hate to have adopted this attitude but most customers will dispute a bill or overall just be shitty about a $3-400 diagnosis bill for a facility. Im a commercial hvac/r tech.

[@wobblysauce]

Yep, in the US it seems you want to be the person profiting off the one that made something productive not the one that did it. Ah Ryan, it is a tricky thing, you want good service but that is the issue of diagnosis, more so that wire short somewhere, everything is fine until you give it back to the customer. You could be just a parts swapper and make money but that is not a good thing but people do it.

[@Mico605]

If I could reach into taxpayers pocket whenever I wanted, I wouldn't care much about mistakes and bad investments either.

[@onpoint2292]

It wasn't a government bailout. Some hedge fund bailed them out.

[@iliasserroukhmardi6174]

@@onpoint2292 They've got bailed out by 2 Hedge funds (Citadel and Point72) who both got bailed out by the fed (basically tax payers money) on march. Just because they didn't get it directly doesn't mean it isn't taxpayers money

[@speisequark2]

@@iliasserroukhmardi6174 WTF????

[@Justin_Joy]

"It's not about the money. It's about sending a message."

[@mcvgs1780]

wallstreetbets: I fought capitalism with capitalism.

[@Yellow.1844]

being capitalist to own capitalists

[@MeDicen_Rocha]

Thats how you win the game.

[@Yellow.1844]

@Lo Felldo you have a smooth brain ? if we make money institution that shorted (which caused the 2008 crisis btw idk why youre being a bootlicker for them) loose money...

[@Keirnoth]

That's how you fucking beat "capitalism" if you hate it. That's how the free market works, that's why this is funny, because people are staying "within the rules" to fuck with the big people and these big hedge funds can't do SHIT about it.

[@NN-qj4sk]

Socialism in the form of government bailouts: *Allow us to introduce ourselves*

[@geizigeratze]

Never seen a transfer of wealth from the establishment to the people like this. This is historic. Won‘t sell under 1000.

[@5bagsofpopcorn]

Is it a transfer of wealth? What if the go bankrupt. Then youll have lost your money.

[@Slightly0dd]

Power to the people.

[@Slightly0dd]

@@5bagsofpopcorn GME or hedge funds? The strike price will be honored. The hedge fund is on the hook for the tab after we're done with our meal... In a sense.

[@Yomom12388]

Luke Seguin I’m genuinely confused about your point here? Melvin goes under because they held onto their short positions like idiots and somehow caused another Great Recession? No, no I don’t think that’s going to happen.

[@HRRRRRDRRRRR]

The bulk of shares that were bought are still owned by wealthy cunts, it's just a transfer of wealth from those that were "caught with their dick in the cookie jar" to those that weren't. "The people" are getting a small piece of the pie.

[@ehodovic]

This truly brought out the selflessness in a lot of people

[@stinchjack]

Next headline: "NY unauthorised repairman causes Wall St chaos" lol

[@Ace-fu4mu]

I can see the headlines. Repair of Apple products caused market chaos. It is a matter of National Security that the repairs are stopped. Lol

[@bflaves123]

@@Ace-fu4mu "Right to Repair...or Right to Destroy? More at Eleven"

[@withoutatrace52]

No, peak meme is when Elon Musk tweeted "Gamestonk" after market close. We're going on a rocket ship to Mars.

[@TheNefastor]

Never trust the financial press. Remember : for someone to make money off the market, someone else needs to lose that money first. And the guys who write financial articles are also investors. Do you seriously think they want YOU to be rich ? Or does it make more sense they want to you to make decisions that ultimately benefit THEM ? Forbes ain't a charity.

[@vuk1419]

exactly, most logical comment.. Louis may say buy it but if you look at the gamestop share chart for 20 years, it suddenly gone up, means some few profited and selling the stock to keep the profit.. they make stories of this and that, then encourage people to buy more stocks so they can make more money from artificial up and downs

[@TheNefastor]

​@@vuk1419 actually that may not be the case. The share valuation is indicative of how much people want to buy it for... it doesn't mean that it's actually being sold for that amount. If the person who holds the share has a reason to keep it (ideology / activism in this case) they don't have to sell. This is like an auction : the current share price reflects the currently unfulfilled buy orders on the marketplace. Eventually, the short-sellers will not have enough money to keep offering higher and higher share prices, or they may go bankrupt, at which point the share price will plateau and then come done brutally to reflect the actual value of the company (meaning its tangible assets and average profitability, mostly) If you have those shares and want to make a statement, keep them : you're not going to lose much in the end... as long as GME itself doesn't go bankrupt. But the hedge funds will definitely hurt massively. Especially in terms of image vis-a-vis their clientele, because they all attempt to sell reliable returns, and this is complete chaos. If I had such shares I'd keep them right up until the point where they fall slightly above the price I paid them : I get to screw over the hedge funds AND make a little profit at the same time. That's just as good as being paid twice for the same job.

[@infernodtw2423]

Wall Street is a perfectly balanced game with no exploits 😂

[@Beregorn88]

A man of culture, I see...

[@spaceghost0813]

I just snorted some lines of Yorkshire Gold before buying some shares at the peak LEEGGOOOOOOOOOOOOOO

[@wingracer1614]

Best comment on here. Shame only a handful will get it.

[@Yomom12388]

wingracer 16 Yes SpiffingBrit, the underground KZbin with a small audience. Lol

[@Beregorn88]

Given that Spiff has 1.92 million subscriber, 1.38 million for Luis, and the estimate of 4.66 billions internet user, there should be about 600 people subscribed to both...

[@Kolomaq]

I completely agree this is a revenge "stick it to the Establishment" moment, and its a beauty to behold.

[@F1END.MEGALITHIC]

BETTER THAN ANY PROTEST IN THE LAST 20 YEARS.

[@Sekir80]

The real occupy wall street!

[@justinfoltz8114]

Louis, a hero of the common man.

[@playgroundofsound7683]

Man of the people

[@captainzero1]

True man of the people and a modern day hero.

[@retropcdurham]

This comment section is gonna be full of rockets

[@AJ-ch3pk]

🚀

[@freegeekdude1503]

🚀

[@Swarm509]

Tendies to the moon! 🚀

[@imouse3246]

Some guys are going to have a red glare before this is over.

[@rossmanngroup]

🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

[@Bobby11]

I wish i could go to the casino and lose everything and then have everyone not responsible bail me out! what a way to make money! *sarcasm*

[@withoutatrace52]

I like this stock. 690 shares. I'm. Not. Selling.... Until the shorts are bankrupt.

[@STR1XMMM]

@Xi Jinping At least one person that can use his brain, thanks....all people on youtube and twitter thinking they are trader just cause they placed some random trades once and got lucky and now everybody think that they are doing a "fuck the elite" type shit....institutionals dont give a fuck they probably dont give a fuck about thag edge fund either...maaan when will people realize that

[@simonj.k.pedersen81]

​@@STR1XMMM well people better sell before it starts to go down, because when it happens the exit will be crowded. And lot of retail investors will stand to lose some serious money (looking at the trading volume, either some robots are happy joining in on the action, or retail investors are trading with eachother big time). But of course there is always the option that people will hold gamestop forever and this is their new value - lets hope that, but not likely.

[@vampir753]

@@simonj.k.pedersen81 This would be a great "meme", having one company that is consistently worth about 100 times of what they logically should be just because some guys are too stubborn to sell their stocks.

[@persevir]

what exactly happen when you hold stocks? i don't really understand about this.

[@vampir753]

@@persevir you basically hold a share of the company ownership. The price of the stock is determined by how many people want to buy and sell the stock. If more people want to buy it than want to sell it, the stock goes up, otherwise it goes down. So if you just hold your stock you basically do nothing but you decrease the potential amount of buyable stocks, which indirectly increases the stocks price or keeps it from falling.

[@seqidurrrrrr]

Sticking it to billion dollar hedge funds and getting rich in the process.

[@Yendi233]

I LOVE IT

[@Corkfish1]

Except these are other hedge funds moving the stock. Not a bunch of kids on Reddit. Its hedge fund vs hedge fund.

[@magnusanderson6681]

Trickle-down economics

[@lanague6890]

There have been 2 BILLION positions traded today, this is not reddit.

[@magnusanderson6681]

@@lanague6890 I heard it was 180 million, source?

[@charlie3k]

"It's not about the money, it's about sending a message." - The Joker

[@5frogfrenzy]

we live in a society

[@brandonborgerding182]

"It's not about the money, it's about sending a message." - The Joker

[@charlie3k]

@@Playboysmurf1 WE LIKE THE STOCK. WE LIKE THE STOCK.

[@eugenes9751]

$240 in the after hours. This is bonkers.

[@tactileslut]

Strangely, this might be a good time to short-sell, if you can.

[@eugenes9751]

@@tactileslut Yeah, there are gonna be some upset kids on reddit in a few weeks.....

[@daniilzelenchuk2625]

@@tactileslut the market can remain irrational longer than you can remain solvent

[@conorfrankland7699]

@@eugenes9751 Ur just an upset boomer

[@eugenes9751]

@@conorfrankland7699 And I guess you're 7 years old? What a childish response.

[@tossacoin2urbernie462]

We like the stock!

[@ohmyafy]

I*

[@eric4946]

/WSB motto

[@ferdievanschalkwyk1669]

We Like the Stock

[@AR-ws1gr]

We like the stock 🚀

[@blmastiffable]

Get those teddies Mr diamond hands .

[@FAHRENHEIT-gj4ng]

Looks like they are thinking of waiting out the retailers hoping they eventually sell their position and take profits triggering a sell off from others with weakish hands.. Hold that line WSB...

[@TheHipisterDeer]

I bought some stock, I'm not selling until they go bankrupt and stop getting these stupid bailouts.

[@Bondanalloy]

i'm paying off my house and quitting my job this week thanks to tesla last year and now gme.

[@dianamary6170]

Good for you, Congrats! 👏🏽

[@pvshka]

Unless it's making you absolutely miserable, quitting your job might be a mistake

[@portmoneul]

Don't quit your job. Congratulations on the house.

[@UnDefinedLegacy]

Don't stop working! It's really hard for a regular person to find meaning for every moment they have. A job keeps you humble and there are little joys that can be provided. Work a non profit dude

[@hydrophilicchristopher9874]

Don’t quit the job. Just work there to keep investing in high yield dividend companies until you Chet a comfortable return. Then quit your job

[@speedgeek5494]

There will be a movie made about this.

[@matthewbryant2972]

It's the Big Short 2... except we're in Act 2... and Michael Burry is just adding cash to short Tesla with. Seriously, this will end bad, in like 24-36 months.

[@awesimo4684]

There's no characters though, it would just be people sat on computers. Documentary, sure.

[@FreeloadingBird2584]

@@matthewbryant2972 This is the Big Short Squeeze 2. Michael Burry has bought 1.7 million shares at around 5 dollars anticipating this to happen.

[@prepaidtrash5552]

@@awesimo4684 how are there no characters? deepfuckingvalue? the hedge guys crying? you wouldnt think there are faces being the 2008 crash either but there was and we saw that

[@bdunns8512]

Update: the stock has doubled, reaching 300 territory 😄

[@matthew1882]

Closed at 350. To the moon lads.

[@TheNebraska402]

Hope it goes over 100% today too

[@pingeee]

450 pre market

[@Sekir80]

@@pingeee I've seen 513 at one point!

[@eyriewow4297]

Correction: Peak Meme status was Elon tweeting "Gamestonk"

[@C0LD_P1ZZA]

He's selling boots shorts now that say Gamestop on them

[@superdupermax]

what makes it better is that hedge fund shorted Tesla a while ago. mmmmmm revenge.

[@EricK-vz5ww]

$220+ after hours now

[@rossmanngroup]

🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

[@TheNBSPerry]

@@rossmanngroup Elon musk has blessed us. A true everyman

[@TheZeusIsHere1]

🚀🚀🚀🚀🚀

[@mjc0961]

@@TheNBSPerry Elon's jockeying with Jeff Bezos for the title of World's Richest Man. But sure, Elon's a true everyman. 🙄

[@MikeDoesRandomThings]

Thank you for calling this out, please continue to do so! We need the world to see whats going on. They use our tax payer dollars and even send them overseas long before ever giving it back to the people.

[@ninjaswordtothehead]

"Just one more bailout; we got a hot tip and it'll totally pay off big this time." The bankers will keep falling for it; their greed knows no bounds.

[@Gen7x13]

The interwebs using the hobbit anti dragon strat.

[@RenThraysk]

It is hilarious. They got caught red handed, and it was spotted by quite possibly the only people that would exact a severe financial punishment for it.

[@kenmcnutt2]

When you have gambling insurance because the government will bail you out, of course you're going to go for the inside straight every time. The government should stop picking winners and losers. Either bail us all out or no one. I love it how the rich capitalize their gains and socialize their losses. I wish I could do that.

[@vincenthamel3420]

and everytime they get bailed out... the only lesson they learn is that they can be even greedier without risk.

[@daradacro23]

from what i can see and guess is that the medieval peasants found a dragon to kill and by god are they gonna try to kill it. do i understand this correctly?

[@mikegrant8031]

Pitchforks baby, keep sticking it.

[@gabebrown1173]

And they get money from it

[@targetthetank]

Level 1 Gnomes invading Orgimar, causing a server crash. This is more accurate, and glorious. Many will level up during this, and some will get new gear, and a few will become real heroes.

[@willthethrill602]

Amen brother! Sticking it to the man like always! Louis Rossmann you have my vote if you run for president in 2024.

[@willn116]

To the moon! HOLD THE LINE BOYS!

[@elguapok20]

Love that he lost his friend's $2.75 billion bailout IN ONE DAY.

[@NinjaSushi2]

No shit he did? I'm so confused on how all this works.

[@tnikoli40]

@@NinjaSushi2 i explained it to my dad like this. You go to your local shop to buy a coke but you have no money. No problem the cashier knows you and says take it, but tommorow you need to pay back. But the cashier doesnt want money for that coke, they want another coke. Next in line someone is listening and goes hmmm. That man now owes a bottle of coke. So what does he do? He goes to the fridge and buys every single bottle of coke. Now that fellow has to come to your house and buy a bottle from you cause there is none at the store to return to its original owner. And when he comes to buy one from me, and i know that he HAS TO!!! buy one i am in position to say okay price per bottle is 100 dollars and he has no option but to buy or go to jail. Thats whats happening right now

[@pingeee]

@@tnikoli40 thanks that was really helpful

[@CptSeighter123]

@@tnikoli40 I get that that‘s what the ”reddit“ side of this is doing. But how did the shorters (the guy that borrowed the coke) expect to make money? That‘s the part I don‘t understand lol.

[@chasedavidson2855]

@@CptSeighter123 they borrow the stock and sell it to someone else. Then when the stock goes down they buy it back at the lower price, give it back to the lender, and keep the difference. Ex: you borrow the coke and sell it for $5 then go to another store, buy a coke for $2 and give it back. You're then left with $3 profit. The issue arises when the guy behind you realizes you have to buy a coke so he buys every coke at the store.

[@liquidminds]

Make a sentence using "game stop" Wallstreet: "This is not a game, stop!"

[@thrashinuva]

Let's put that $100 and put it into an investment fund aaaaaand IT'S GONE

[@kolyathestalker]

South Park?

[@cameronf2894]

Moors money mutual

[@pflernak]

foreign exchange mutual fund

[@pflernak]

@@cameronf2894 Its the same guy you can now find in youtube comments being recommended for professional crypto trading. He just doesnt go by Mr. All Gone these days

[@tombendar9299]

I agree with the sticking it part, I have around 5k in gamestop, it's in my meme trading account, don't really mind if it goes up or down.

[@Kruppes_Mule]

That was my initial sentiment... now it's like do I buy a new car or hold out and see if I get the house? I landed on Why not both?

[@nicholasgray262]

You are correct, it is more about principle than the money

[@LivvieLynn]

Almost like no one buys stock anymore with the intention of getting dividends. It's just an expensive form of gambling.

[@JFrameMan]

Young people's money is worth nothing in dividends. They're better off losing it all or making something actually substantial enough to make a down payment or start a business.

[@wingracer1614]

@@JFrameMan As someone that has failed to plan ahead and running out of time, that is my strategy. My investments are risky but have HUGE upside. If I lose it all, hey I started with nothing so lost nothing. So far it's working. They say don't put all your eggs in one basket but I say put them all in one really nice basket and watch it like a hawk.

[@Yomom12388]

wingracer 16 And then put that basket into a SpaceX Falcon Heavy with GME spray-painted on the side and ride it all the way to Mars

[@tyler558806]

This deserves to be pinned. This hit the nail on the head. The market is experiencing newly introduced forms of shit-posting via forums/memes/etc. that it's never handled before that has the power to change the market. This means long-term dividends have become short-term power controls based off of internet culture.

[@wheeliebad11B]

@@JFrameMan with the jobs the government has nuked, all the money they just printed into existence and the new unrealized taxes they plan to put into place, now is not a good time for business. Its time to trim the fat and starve them to death.

[@mriphone1000]

$222 after hours shorts are getting decimated! Go retail win this battle.

[@PhatAssObese]

where is the best place to buy stock. so many websites, i dont know where to start, its very overwhelming

[@j.b.8800]

@@PhatAssObese I had the same problem, got in the race late and then was angry with myself because it’s incredibly easy. I used the wealth simple app (good for Canadian currency) trade quest is good for Americans I’ve heard!

[@thejoblesscoder]

@@PhatAssObese webull or Robin hood if u r in the states. Wealth simple in Canada

[@fredchou123]

First trade and schwab is also good

[@Triggernlfrl]

This has nothing to do with real retail stores....

[@Hekateras]

"If you're adding a zero to the end of your bank account doing something that is productive for society, by all means. [...] I'm not going to complain about you being a billionaire and me being a thousandaire. The world is not supposed to be fair, and you're not supposed to complain that the world is not fair all the time." Let me stop you right there. Billionaires do not become billionaires just by providing needed services. A millionaire? Sure. A billionaire? Different thing. Thousandfold difference to the millionaire. Millionfold difference to you the thousandaire. Nobody becomes THAT rich without large-scale wage theft (i.e. underpaying their employees), tax dodging, and tax cuts (that they bribe the government and media to procure, when they aren't already IN the government and media -somethingsomething Jeff Bezos owns The Washington Post now...). That is not being "productive for society". They may be selling a product and may be slightly less useless to the world than people who only get rich in stock, but that's a low bar. They are draining society. They are literally robbing society. Wage theft and "white collar crime" eclipse all other kinds of theft in financial damages. Set your sights a little higher and don't feel bad about calling out injustice. Don't feel like you're "not supposed to complain all the time". Complain more. Complain louder. You're allowed to complain. "Complaining" is how we got labour unions, how we outlawed child labour, how we got companies to actually track what chemicals they put in their products and what they put in the river. Unionise, and keep "complaining". We can make the world fairer than it is. Anyone who tells us different is trying to sell us something.

[@Hekateras]

@@davidh4129 I literally just listed historical examples of complaining being productive. Talking to other people about the things that aren't as they should be is the first step to any kind of organised action. Do you think unions or voting for legislation grow on trees? Stop complaining that people are complaining. THAT's the unproductive thing.

[@todoldtrafford]

Underpaying is subjective. If they’re getting the market rate then it’s fair. Also, more taxes were collected after the tax cuts and tax revenue still remains at 17% of gdp as it has for decades. There’s also a difference between workplace safety and finance and economics. You need to brush up on that

[@Hekateras]

@@todoldtrafford " tax revenue still remains at 17% of gdp as it has for decades." Well, that's not true, is it? Not sure where you got that from, but from here (data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS?locations=US) it's zigzagged between 12% and 8% in the past 20 years alone. But you know, it's not about one specific number here. It's about the fact when 9-11-casualties-tier numbers of people die every day from Covid in the US because they literally can't afford to skip a paycheck, then speaking purely empirically here, something is broken and needs to be fixed. There's no talking your way out of it, no pseudo-intellectual "Actually, if you check this one number you'll find that everything is fine" bs you can pull. A healthy society isn't this fragile. I just hope enough people still remember this lesson after the pandemic ends. Underpaying is not "subjective". If you're paid "fair market share" for fulltime labour but can't keep yourself housed, clothed and fed off that paycheck, then someone, somewhere, rigged the game to make sure that money would go into their pockets instead. It's pretty straightforward. I'm just bewildered that people like you aren't more up in arms about being stolen from. Even if you earn a livable wage, at the very least, companies underpaying their employees means you take over the costs for them, through those of your taxes that go towards crisis management of people in poverty. You're the schmuck in this situation. (No, the solution isn't to not pay towards crisis management through your taxes. It's to not let companies underpay them and have them require assistance in the first place. Duh.) It's called wage theft. Brush up on that. But here's the thing. If you're right, and things are so fine and dandy, you should still unionise. If nothing's wrong, you and your employer have nothing to lose by you unionising, and you gain an infrastructure for keeping things that way and making sure they don't change. ;) Just a friendly tip. (P.s. Anyone who still believes in the market "regulating itself" when evidence of monopolisation is everywhere, when the same people who work/worked in giant corporations are IN the government and media and are helping make the same laws that help corporations evade fair competition is... well. Very very naive, to put it generously. Willfully ignorant, more like. I have no sympathy for you, but quite a lot of pity. Stop bootlicking and fighitng against your own interests. You have more to gain from solidarity with others like you than from defending the status quo. It also happens to be the *fair* thing to do. In the actual meaning of the word.)

[@liamc4113]

"The first retail store on Mars will be the Gamestop." - SpaceX-Gamestop joint venture.

[@willissudweeks1050]

When it’s finally time to sell GameStop, put that money into other extreme shorts and make even more lol

[@130rne]

They're talking AMC, BB, NOK etc. Shit's nuts.

[@FermiGBM1]

This just shows how irresponsible they were for trading with investor funds and not using reasonable stops, the hedge funds who did this and gambled that far with large amounts deserved to lose

[@DannyHDpsn]

@@jellyfishi_ Legal? Where the hell is short selling legal? I thought the government allowed for this type of shit cause they are buddies with those billionaires, that's why everyone's crying about capitalism not working. Now we get to watch the gov retards cry with their billionaire buddies and voting for new legislation cause the average man stopped their greed to make some bank and stick it to their assholes

[@FVBmovies]

Elon Musk just tweeted. It's over for hedgies.

[@4.0.4]

He's the real life version of that Bogdanoff meme.

[@MrMattumbo]

Even before Elon tweeted a bunch of big-name venture capitalists starting throwing hundreds of millions into the stock, I saw multiple buy orders at $150+ for over ten thousand shares apiece. The sharks finally smelled the blood in the water, it's already over for the shorts.

[@nooblangpoo]

@@4.0.4 "Mr Musk, they shorted." "Pump it."

[@bananenboy1]

@@MrMattumbo im kinda stupid, what happens to the stock when all the shorts are bankruped? Do they still have to pay for the stock?

[@chandranapier2259]

Elon isn’t on our side on this, not really. He just reads the same Reddit/Twitter/social media outlets like everyone else because it’s great at literally telling you what everyone is doing and planning to do.

[@domgia9248]

The thousandaires rose up and stole their lunch money.

[@targetthetank]

Stole back their lunch money. 🤣

[@KarlEngels-ml3lh]

power to the retail inventors! I'm so proud of us

[@user-vq5hh9bk2m]

I was watching GME from the sidelines until I saw your last video and actually found out why it was surging. Bought some this morning and it more than doubled. 💎 🙌

[@bilalbaig8586]

GME to the moon!!!

[@Verlisify]

I bought in $225 AH because its funny

[@KenMabie]

AH? Should have bought HA it's funnier

[@BizarroStormy]

Nice 😎

[@KenMabie]

@@BizarroStormy fuck off bring back regular Stormy.. we don't have any damn lazer diamond beans

[@cinnavision]

I bought in at $153 yesterday, which was ATH, it dropped 40%, and its about $210. Not financial advice, but I expect it to go up significantly tommorrow, over $225

[@BadBadgerTrollAccount172]

@@cinnavision It's already touched 250...

[@Nick-Lab]

The bail out was a private investment and not public funds. I got worried by the wording but they had to accept outside investment.

[@tlkshowhst]

This is the first battle of many.

[@tigui555]

Wheres your talk show i went to your channel i see no talk show where is it

[@eugenebebs7767]

Melvin Capital did not like the stock. Others will learn to like the stock or follow Melvin Capital.

[@alanleung1828]

I like the stock. Do you like the stock?

[@DIsmayedConfuse]

Short sellers can buy a call option to protect against price increases. So it isn't just the supply of stock that matters.

[@insanity4462]

They should have bought GME shares with the 2bn - these fools.

[@Antares-rt5ub]

They never learn

[@pccalcio]

please don't use clips of Cuomo, I just punched my screen again...

[@afribulan5118]

😂

[@kylecawley2240]

I might be wrong about this but they may just sell screens at certain Gamestop's

[@elgatochurro]

True

[@MrBubbaSkeeter]

Easy there killer.

[@AF-oe2lw]

Again my man you are on point, this is a movement. Yes there is money to be made but the key is people hold the shares so they can't cover thier shorts.

[@justgame5508]

“Gamestonk!!” - President of Mars

[@merchguy8585]

‘This is peak meme status” Elon: Hold my beer.

[@jimcmf2]

lol ... he wants in on this.

[@Mclemonade]

No

[@ezequielmed2920]

Very educational, you seem really aware that a lot of people just now realize the power they have and are new on these topics, so you kept it really easy to understand, thank you for that.

[@TheZeusIsHere1]

WSB: we are the captain now 🚀