Massachusetts secretary of state and Kevin O'Leary debate Reddit short squeeze

[@TheProphessionalGeek]

This is the face of a man that has lost money.

[@pawlu1989]

And i'm glad 🤣🤣🤣 gme and amc 🚀🚀🚀🤙🤙🤙

[@themodernshoe2466]

He doesn't kid anymore

[@danielkim672]

He got lambasted by the hedge funds that owns his soul to go out to all TV outlets, make himself look stupid as hell, to make an argument that makes no sense to protect the funds.

[@center12]

I used to be a poker dealer. I've seen this face way too many times.

[@DomesticInvader]

and he probably didn’t lose a dime either...dude just ugly like that

[@zacharychild2993]

“Unsophisticated investors” is just a way of saying he doesn’t want poor people messing with his game. Shut up

[@austinhampton5674]

They act like the internet was never invented. The time of calling a broker and him giving you a pitch is over. Just makes them mad that a person without a college degree and years of ass kissing can make more than them

[@gericksachkk7474]

@@austinhampton5674 yes ...ithink you are right......and my dad sometimes thought the same ....if you dont have a degree....you dont know what you are talking about.....

[@mihailmihaylov4974]

I wonder what would happen if all Unsophisticated investors took their money out of the market.

[@ColemanCovers]

Yeah and a condescending way of saying it at that

[@thanhclips]

Bad word of choice. Makes him look like he's above everyone else and everyone else are stupid.

[@aoalkdsjflakjs]

Wow! Kevin O Leary made that guy look like a dummy. Excellent

[@musaran2]

Not hard, he *is* a dummy. "Ermagod that's not in our plan, staph !"

[@Marcusmarcus318]

Exactly I couldn’t wait until this video hit KZbin 👍👍👍👍👍

[@stcredzero]

I'm sure that guy isn't a dummy. He was probably shackled by the BS narrative his bosses required him to push!

[@peredavi]

That’s no surprise. O’Leary has more brains in his little finger than a stupid bureaucratic fool.

[@sylvainh2o]

Kevin just scored a lot of point with the young investors. :)

[@hooterville1863]

For every billion dollars a hedge fund loses an angel gets his wings.

[@ObviousRises]

I just witnessed a murder on national television.

[@TWN321]

😂 O’Leary crushed that dude!! It was beautiful! 🤣

[@jamesfish2132]

The accuracy of this 😂😂👍

[@andrewmalkasian8262]

Mr. Obvious! You are great! Love your stuff

[@glamazon79]

He was actually quite civilised in his "murder" lol. Still murdered him.

[@AG-hl1ni]

LOL

[@HairJordan]

Kevin the real Robin Hood here

[@diegomagellan]

He Canadian though

[@briankenna5090]

@@diegomagellan Good, that means he can buy GME.

[@hellothere-us7iw]

Yup kevin is Robin Hood, he manipulated mattel stocks to make it look they were earning big. So they can bigger buyout offer. Market manipulation is kevin specialty.

[@joesmith-pb1vn]

This gray hair old fart seems salty! He was prob on the short side ... on the hand Kevin speaks the truth!

[@briankenna5090]

@@joesmith-pb1vn the truth must be heard 💎🤚🚀🚀🚀

[@RSfailblog]

Sounds like the Secretary of State was shorting GME and he's butthurt.

[@miguelgc5956]

Amc & xrp is where you want to be! Don’t be late because they’re both going to the moon 📈📈📈

[@user-qr2tf8vl4k]

Politicians should not be allowed to trade in stock market just like they shouldn't be allowed relationships with foreigners. Conflict of interest.

[@maillardsbearcat]

I was about to comment this same exact thing lol

[@dee-vee]

How so? He even said shorting should be reviewed and better restricted.

[@fatpigleung]

Rational speculation? What is that? How to judge whose speculation is more rational? You got a PHD on math and your speculation will be right?

[@NegativeAccelerate]

*When poor person loses money:* investing comes with risk 🤷🏼 *When billionaires lose money:* everybody help!!! 😱😱😱 Stop the stock markets! do all we can to save our precious billionaires!!🤯😭😤🥺

[@dkshah5737]

Kevin O'Leary has earned a lot of RESPECT here standing up for the retail investor! It's great to see the shorts get burned! Transparency at work! :-)

[@scundoorsup5342]

Kevin was also involved in a boating accident that killed someone and blamed his Wife for it ,,, look it up

[@Spacebird42]

@@scundoorsup5342 why else have a wife if ya cant blame everything on her ?

[@dogfacesailor]

OUTSOURCE MORE TO CHINA Capital America

[@user-qr2tf8vl4k]

Yup, don't forget the little people, because collectively they'll crush you

[@zachariahstillwater]

Ya! made my heart swell to see it

[@noahmele7573]

HOLD THE LINE BOYS

[@rowrowrod]

Love isn't always on time

[@noe5749]

Wooooooohoooooo!!!!!! This is epic $GME Shanty boys check it out that's the battle hymm

[@jsalinas2068]

Brothers where murdered yesterday, but today we counterattack.

[@Miguel_Pratz]

🚀🚀🚀🚀🚀

[@monkeyloven]

AG🥈🚀

[@alvinlevie9109]

“Unsophisticated investors” he’s a true bureaucrat.

[@tiagogomes1079]

Yeah, it's when you don't manipulate the market with fancy algorithms and spreadsheets...

[@PDXRAIN24]

boomers are so upset, haha

[@nc4125]

I don't think he knows what sophisticated means

[@simonjohnson3424]

I don't know what bureaucrat means, but I know he's a selfish moron, maybe it's the same?

[@scottcantdance804]

"It's extremely important to get control of the market back again." It's when they make statements like that, that the mask slips.

[@Lcavila94]

“Sophisticated investor” Well buddy no sophisticated investor would short a company so hard that it would leave them exposed to where only a small percentage of stock owners could leverage so much power

[@lifevibeh8810]

Well done Kevin! That man is a dishonest man and he is not for transparency. Thanks for calling him out!

[@leavethebasket7435]

Kevin too is a dishonest snake who says anything to bolster his own wealth

[@jhblake123]

@@leavethebasket7435 but at least we now have another big guy siding with the retail investors and announcing it.

[@chessandmathguy]

@@leavethebasket7435 such a bold statement requires some evidence.

[@Nicol80145]

@@leavethebasket7435 I've always seen him as brutally honest and telling people things that they don't want to hear. What has he lied about?

[@MrSenpaiTV]

Mr Wonderful. You are wonderful ❤️ Thank you for siding with the people

[@effortlessawareness8778]

You missed the point completley-It’s the REASONING as to why he is siding with the people. He’s not just siding with the people just to side with him. No need to thank him he is not doing this out of charity. He is doing it out of fairness and righteousness what makes the most sense and what doesn’t make sense in the market. That’s the takeaway here

[@therealzainn]

Oppai

[@bleacherz7503]

His arguments are absurd - we have socialized losses - both for the rich and poor - there is no real net gain for the economy when people spend 8 hours a day at a casino

[@gonzotime7224]

He’s not an idiot he sees exactly what’s going on

[@iamgkevin]

CNBC is likely funding by hedge fund managers. Likely every time hedge fund come on CNBC, they give cnbc millions of dollars. CNBC will always side with hedge fund billion dollar companies

[@barrylanham5116]

They're all losing their minds, because "unsophisticated investors" beat them at their own game. I LOVE IT AND HOPE IT CONTINUES!

[@jamestoney6599]

@ltachi526 You'll get our stonks from our cold dead hands.

[@pewburrito]

who is this guy: "you have to have certainty". He needs a high school economics course.

[@desertlogic222]

That was a brutal knockout by Kevin. The Secretary of State got his ass handed to him.

Massachusetts Secretary of State*

[@Censoredbyfscists]

Kevin is a worm.

[@lifes40123]

secretary of robbery

[@roxashenry8315]

He used him like a mop, bout to ring him out now lmao

[@Marty4650]

"Correcting" the market is a code word for "rigging." The politicians are getting fed up with their campaign donors losing money, so they want to change the rules of the game.

[@LeeSeng]

A government cannot be neutral is a robber. Time to jail them. Oh ya, why they need donors? Can't government fund politicians to be neutral? Is government plan to be corrupted?

[@flimflannery3192]

Massachusetts has a long reputation for it's corruption and this guy in no exception. They want the system rigged in favor of their politically motivated investments. Period.

[@SanjitT]

No it's not

[@miguelgc5956]

Amc & xrp is where you want to be! Don’t be late because they’re both going to the moon 📈📈📈

[@mtpc2015]

Democrat-connected hedge funds get government officials and bureaucrats to do their bidding.

[@sir_prize_ma_the_farcar4547]

When people planned this in close door's it is just business. When normal guy's do it , it is a crime, wtf.

[@piratekingthaszar7912]

Welcome to America.

[@husadev2897]

You cant even really consider reddit "behind closed doors"

[@hammertents5307]

There is a club and you're not in it.

[@davedurnum6500]

@@husadev2897 yea cause he wasn’t talking about Reddit. He’s talking about the hedge funds execs planning stuff behind closed doors and acting as one together.

[@husadev2897]

@@davedurnum6500 I know, I was pointing out that it isn't an equal comparison

[@ghoodsite9672]

Yes, the “Unsophisticated investors” who outsmarted billion dollar hedge funds.

[@sandakureva]

A combination of autism spectrum disorder, caffiene, and memes are just as sophisticated as any big investment company.

[@fosterchild4523]

The short traders were not outsmarted. They took a temporary loss but they reloaded their short positions at a much higher price and a lot of those positions were covered today. Essentially, the Reddit idiots created a much better, more profitable short trade for the hedge funds. And what about the Reddit guys that bought on the way up???...........they got crushed....Game Stop topped at $483......it closed today at $90.....an 84% decline. The Reddit guys buying on the way up lost all of their money and the hedge funds made all of their money back plus billons more. Seriously, hedge fund traders are professionals. They understand the game. Guys buying shares of stock because someone on Reddit, who probably lives in their mom's basement, told them too.....they don't know what they are doing.

[@djsk244]

@@fosterchild4523 kinda easy when the market is being manipulated to recover those losses lmao, youre implying they used their brains and not influence to screw over people by not allowing the buying of said stocks.

[@fosterchild4523]

@@djsk244 Robinhood limiting the purchase of Game Stop stock certainly did make it easier for the hedge funds to reload their short positions but they are professional traders.... the Reddit guys are amateurs at best. Sure, they caught the hedge fund traders off guard but rest assured, they won't be caught off guard by "WallStreetBets" again.

[@jamespaul9889]

@@fosterchild4523 the fact that they need to change the rules in order for the hedge funds to recover should be alarming to you.

[@Steph1]

How’s this dude in a position of power saying “there’s no reality to this trade”, the reality is that people like you messed with families like ours

[@1620rx]

I LIKE THIS STOCK

[@obcane3072]

Because the people voted him in. Stop voting for people who promise they are going to help you out or give you anything for free.

[@vincef7487]

👍🏽‼️

[@AmorphousEcru]

What's the reality and rationale behind the housing market crash? This guy doesn't know what he's talking about

[@Jeff-bd4gg]

“Dangerous to the economy and dangerous the the ma’ket place.” Translation - we can’t let peasants make money

[@dasa7921]

Trust me they dont care about you making money....its them losing money.... And its not THEM LOSING MONEY.... in this situation they will lose ALL....

[@ricardoalon3826]

Kevin is 100% correct on everything he said, he tells it as it is.

[@maddierosemusic]

Yes, it must be difficult for him to talk to this person, who is a loser.

[@iamjuniorduh]

Exactly, he nailed it, and they want to change the rules

[@r4nd0mi1]

I think Kevin should have also stated that the fundamentals on buying gme were 100% correct(im not in on it. Just fun to watch). If stock is shorted more than 100% and people strat mass buying the stock it is bound to go up! I mean if Elon Musk would have bought 20% of the company the same thing would have happened and shorts would have been squeezed.

[@nottminame9603]

Kevin for Prime Minister. Make it happen. And drop the taxes while your at it.

[@stormtruupr]

If kevin is correct then their should not of been a financial bailout in 2008 for the financial markets. If the market is always correct then the whole thing should of failed in 2008. The fact is that profits are private and losses are passed on to the people. ( society). What kevin is saying is that what is good for the market is good for him.

[@stepheningratta3856]

“There not based on anything except speculation” isn’t the entire stock market a bunch of theories and bets on who’s going to make it?

[@yassinsuleiman655]

My exact thoughts man, hypocrites.

[@antonebeach3609]

The script is flipped! Now he’s concerned.

[@marvindube3572]

So annoyed!!

[@maurgi17]

Jews better seek safety at this point

[@maurgi17]

140% short float in not a sophisticated investor play.

[@FutureWomenBeautyAI]

Kevin O’Leary is defending the retail investor.

[@alphaj9]

Yep

[@guy0784]

He's just mad that he's lost his ass on a short.

[@mazdamafia18]

Like most people but ok.... lol

[@VLA1234-t2t]

@@mazdamafia18 most people dont short stocks moron

[@mazdamafia18]

@@VLA1234-t2t how do you know that????

[@mazdamafia18]

@@VLA1234-t2t especially since GameStop is a dying company cuz everybody just downloads games straight to their PlayStations or Xbox’s now a days but you wouldn’t know that cuz your the 99% who loses money on the market judging by your analysis of things...

[@TheAgentmigs]

"Unsophisticated investors" is a euphemism for "poor, everyday folk"

[@sirrathersplendid4825]

No, it’s a different way of saying ‘dum schmucks - who we normally get to fleece 99 days out of a 100.’

[@dingerling9017]

well there is a lot of idiots who wont have any idea what theyre doing and will lose all their money but that's not why he's concerned.

[@dingerling9017]

@@user-jw8qu2ic1y if they were so concerned about it being too risky they'd be talking about leverage which these platforms offer. They're just salty because they lost money in shorts, maybe in debt because of it and feel scared that this can happen to them at any time now. All I'm saying is don't buy a meme coin like doge after a 500% pump and hold it because someone on the Internet told you.

[@nerdstrangler4804]

@@dingerling9017 They are salty because the market is supposed to be an efficient pricing mechanism, and this is pure price manipulation.

[@dingerling9017]

@@nerdstrangler4804 Imagine typing this after witnessing what happened.

[@jeremyn937]

in other words, "its ok for hedgefunds, but not for poor people."

[@sailendrakc549]

When rich make profit.. " ceo of this, billionaires earned 2mln in 1 hour" when poor make profit, "they should not play games, this is not honest marketplace".

[@ThomasJDavis]

"Not a -honest- typical marketplace [where the hedge funds have the power and influence]". That's really what it means.

[@tracyl.3393]

Facts lol

[@АндрейДолибец-з5е]

They are just literally having butthurt. 😂

[@thedjfunny]

“It is extremely important to get control of the market place again” hmmmm very interesting choice of words there. Doesn’t sound very free market of him.

[@vmvs1984]

CAN'T REASON WITH IDIOTS

[@drake_leo2152]

There is no free market

[@diamondwindowseaves2264]

The only way we will have a free market is with decentralized finance,. #defi

[@timw4432]

Stop the game, we are losing. We need to change the rules before restarting

[@el676]

He can’t help it, he’s a corrupt man with no soul

[@PSmixes]

"We need to regain control of the marketplace" Says it all.

[@FazeParticles]

He’s a corporate hack

[@DETSRC313]

I thought we have control because its a free and fair market So don't b.s. saying this anything but that Thats what this is!!!

[@buddyrodgers3999]

She sounded a lot like Liz Warren today, also from Mass.

[@kchiker]

Translation of MA Secy of State: "It's not rational because I don't like it."

[@0IIIIII]

It’s not rational because these are bubbles and their worth is completely artificial. People bought those stocks for their nostalgic value and to troll the market, hence it is artificial.

[@42svb58]

@@0IIIIII ok so you can tell me the exact ftm without fail? Yikes

[@0IIIIII]

@@42svb58 no and that doesn’t matter. The main reason these stocks are surging is because of people launched a concerted effort to make them rise. That’s manipulation and it’s illegal or frowned upon by regulators.

[@42svb58]

@@0IIIIII so you are saying these hedge fund managers aren't trying to influence the market either? Smh. These clowns didn't diversify cause they were hoping for just that. Pay attention to the things you don't learn in grad school.

[@0IIIIII]

@steve marshall do you have proof and context for these claims? And even if true, why does that excuse this behavior?

[@kaygee4539]

This shows that the market has always been manipulated against small traders.

[@appleforever6664]

No wonder its taking me forever to hit my $1M goal!

[@drelagnaz7488]

It's coming..just hold

[@barneystn7521]

How will america have a future while eating off their children??

[@BloodySoup74]

@@barneystn7521 They'll be eating their children lol

[@liammahoney1748]

“I’m concerned about the marketplace” = “I’m concerned about my billionaire hedge fund buddies”

[@whitedog510]

“Unsophisticated”? I’m a seasoned investor and those Reddit guys seemed pretty sophisticated to me. Brilliant!

[@kayvanlin9213]

they just liked the stock and bought it. seems like its paying off no ?

[@marvinfok65]

Yup, he probably couldn't even out talk any of those reddit guys in a open discussion on stocks.

[@rexmentula1089]

It's just a term the VIPs use for people they want (and need) to undermine.

[@RandallFlaggNY]

The Reddit guys have Plotkin's scalp on the wall as a trophy.

[@Daiyns69]

What they don't understand is WSB did due diligence and looked at gamestop was doing in terms of agreements with other businesses. Then they looked at how much stock they had available. After that they found out that float at the time was at 140% and overshorted 104%. This was a guaranteed death sentence against gamestop if WSB didn't step in. The people of america are stepping to save a company while at the same time hurting hedge funds.

[@ReapAndReave]

Kevin destroyed the clueless politician, just as you'd expect

[@twyeoman2338]

"Sophisticated investors" were the ones who bet that American Housing market was bulletproof. Just remember that when people throw that term around.

[@MECX3490]

Great point! Their next move will be to present the world with an “existential” threat and due to this “Threat” now only institutional investors can participate in the very important “Short Market”! Taking their ball and going home! I believe they have shown their weaknesses when they should have not panicked!!! Panicked animals always always always make a mistake that often leads to their downfall! This is the first crack...

[@CrossingRubico]

Exactly hahaha ridiculous

[@ReadyPlayerDog]

Disgusting isn't it. They manipulate the market at will and when they crash it need bailouts from tax payers to save the economy. Then they come on TV and have the nerve to lie to your face about it. These people are the dregs of humanity.

[@gericksachkk7474]

@@noblesseux THe Big short.........

[@AA-cg3gd]

Yeah and it's so condescending to talk like that guy. He seems like a complete tool for the Wall Street elites.

[@jayfoghino5392]

“They are learning by losing”...if the retailers were losing you wouldn’t be having this interview and Citadel would not have had to transfer 3 Billion to Melvin to cover their...wait for it...losses

[@gericksachkk7474]

good one.....

[@stephenrussell9545]

Ha! It looks like Melvin Capital is losing, I mean, learning a lot these past few days!

[@ChiefCedricJohnson]

Proverbs 18:21 Death and life are in the power of the tongue: and they that love it shall eat the fruit thereof.

[@GTRrocker84]

Exactly this guy has no idea what he’s even talking about

[@XX-qj9sj]

Doubling my investment in a few days, I love losing!

[@ushi130]

this guy is sweating corporate interests from his pores

[@synewparadigm]

👌❤️

[@thedillestpickle]

I think he summed up his position pretty good when he said " I don't care"

[@thirdworldhipster]

Oh NOW they start caring about us an want to “protect” us.

[@dnw009]

Can't have poor people screwing over the rich after all Stock Market's gotta work in their favor after all.

[@nattydreadlocks1973]

The Mass Attorney General is a nut. He sounds like he is being payed off.

[@deeptoot1453]

Most certainly is. Props to Kevin.

[@ArenDsiire]

Paid*

[@Chilltothend]

Politicians are ass-deep in payoffs. How do you think they get Campaign Funding?

[@yd5naj]

Hes the Sec. Of State

[@UnOeufff]

He's not being paid off. He's losing one of his systems that continually f***s the population.

[@SirBladewind]

"This is not a time to be playing games" You think this was a game to us? We're playing hardball with our rent and food money to stick it to you clowns. Don't get mad because you're losing.

[@justinsbestlife4068]

You get it. This is interclass warfare.

[@unknownwarrior5672]

Sounds like it's a game if people are going to waste their rent and food money on gambling meme stocks hyped by reddit. I'm not defending the hedge funds by any means, but retail investors who think they're getting a big payday are clowning themselves because the bubble can bust anytime.

[@jackstone8238]

@Adele K thanks good stuff

[@AstonMartinStig]

Ride on brother, and hold. It's not about the money, I'm ready to loose every penny of my GME stonk to see us peasants fight together.

[@haruhisuzumiya6650]

@Adele K it recognizes public confidence not the real economy, hedgefunds get data from robinhood and screw over main st investors.

[@GoldenSpike300]

“You have to have some certainty” code word for “We need to have control over it, so we can make money”

[@jj6148]

“We have to rig the market.”

[@scottcantdance804]

"It's extremely important to get control of the market back again." It's when they make statements like that, that the mask slips.

[@purelica]

Exactly. Insider info.

[@jimmyo68]

Love how the politician will tell us what is considered “rational” speculation?

[@0IIIIII]

Yea because a tv celebrity is more credible in your eyes than a veteran and liberal politician who knows how economics works, right? Funny

[@jimmyo68]

@@0IIIIII No actually rational to a politician is protecting the hedge fund billionaire that gave them political contributions, economics have nothing to do with it. A band of retail investors who figured out a distorted short position and exploited it legally by buying common stock is somehow irrational? You just need to connect the dots and get your facts straight.

[@HairJordan]

I didn’t know anyone had “control” of the market...

[@b.e.r.nnetwork8251]

So you think God created the market for us to have dealings? The market is controlled by man made for man and created by man.

[@MRsurfguru1]

@@b.e.r.nnetwork8251 LOL my thoughts exactly

[@Kojen2]

"Free market"

[@chessandmathguy]

@@b.e.r.nnetwork8251 yes but it's free market, controlled by supply and demand. So the op is right in that no one person or entity has control of it. We all do collectively.

[@TheWonderwiess]

@@chessandmathguy true BUT the billionaires are of the notion they have more money so they should be allowed to swing it there way..

[@huhhuhhuh4069]

"Unsophisticated investors" Bro I think your face is unsophisticated. Holding the line 💎🙌

[@haloepic3092]

😂

[@mdavis3262]

😂😂😂

[@cameron7441]

So it’s ok for idiots to vote in democracy but the market is only the “sophisticated”. Sounds like a ton of rich tyrants want power.

[@sydlawson3181]

@@cameron7441 literally🤦‍♂️

[@cameron7441]

@@sydlawson3181 both ruin the country

[@reginalddarbyjr4256]

Damn, Kevin made this Sect of State sound like a simpleton.

[@methos1999]

Better to keep your mouth shut and let people think you're a fool than open your mouth and prove it.

[@Schlabbeflicker]

Galvin doesn't need anyone else to make himself sound like a simpleton.

[@Seedyrom247]

“Unsophisticated investors”. Just call them deplorables and be done with it.

[@sandakureva]

I get the feeling he was thinking "plebs" or "peasants."

[@faisalahmed695]

"billionaires going broke is just not acceptable " -Massachusetts secretary of state

[@mmastoryline623]

dude, they actually said that? wow

[@alexb8926]

That's basically what he's saying

[@biggringus5499]

Morons

[@faisalahmed695]

@samantha gray well said

[@ihearya5228]

😂

[@YokieWartooth]

"You know what, I'm gonna start buying GME even harder"

[@michael2275]

Thank you Kevin for setting this straight. Regulator guy is a total bozo

[@zang9147]

“They’re learning by losing.” Jeeze, that’s the only way anyone really learns. Even watching someone else screw up only instructs a small percentage of people. And with all the investment and insurance scams perpetrated by Wall St, why does he suddenly care?

[@barneystn7521]

Let the hedge funds learn that they're not so called "sophisticated"

[@NJglorifiedcrew]

Anybody with any kind of investing acumen knows this is the case. Even the most profitable investors lose all the time. He's in the pocket of big finance and it coudn't be more obvious.

[@ChiefCedricJohnson]

Proverbs 18:21 Death and life are in the power of the tongue: and they that love it shall eat the fruit thereof.

[@LaPlasita47]

and now they're learning how to lose that's why they're hurt.

[@BalazarsBrain]

Translation: I'm concerned for my rich buddies who lost money

[@Daniela-pr7rz]

Yeah and he wants certainty in a market where everybody risks, lol. That is because this was always a casino where the rich were the house and now they are scared for not having that "certainty " anymore. However, and it pains me to say this, he is right about the small investors losing eventually. The hedge funds can play this game indefinitely for they have influx of capital from their friends and it will become a war of nerves, where one side is made by people that pull in different directions and the other just one direction, according to a plan. One thing is sure about this whole situation. It proved that the proposed UBI we've heard about, WILL NEVER WORK. Instead of spending it on essentials(as the rich hope, so we don't get hungry enough to burn them down), we will spend it on anything else, including speculating the financial markets.

[@ThePuttercross]

@@Daniela-pr7rz You are wrong that the hedge funds can play this game indefinitely. They HAVE to settle the stock purchases on particular dates and if no one is selling the stock can theoretically go up infinitely since these morons shorted 130% of the number of shares. The clock is ticking. These politicians who take money from these large hedge funds are just trying to protect them from having to loose HUGE amounts of money or falling into insolvency.

[@Daniela-pr7rz]

@@ThePuttercross Maybe I don't understand how this works, so explain to me some more. If they have a deadline and they don't buy back their shorts, what happens? especially with retailer holding. My guess is that they will go on paying interests while shorting at current prices and making more than the interest they pay. They win.

[@ThePuttercross]

@@Daniela-pr7rz My understanding is that it is like defaulting on a loan. Their credit crucified (bad credit if privately owned or junk status if public) and they would slip into insolvency (bankruptcy basically). This is why the hedge fund Capital provided a $2 billion dollar loan to prop up a smaller hedge fund affected by the short. The issue, IMO; is not that the stock was shorted it is that it was shorted to 130% of the available stock. That is just greedy and reckless.

[@cryptouk7985]

@@Daniela-pr7rz they put in money for the initial short position, then they have a price range for profit, loss and liquidation which is when you are forced to either end Ur position due to the debt being too large OR you invest more to increase your liquidation , but it will still end eventually

[@jordh24able]

"the peasants may lose money" I am sorry, actually the peasants are getting richer off of this not poorer.

[@jamesklark6562]

Really hoping I can build a good profit from this and convince my town to introduce MTB trails while I open a Bike Shop so our community can in turn profit from recreation.

[@roarprawn]

The peasants are not just eating cake, they taking the plate too!

[@huntermitchell6335]

@@jamesklark6562 I hope you get your investment 10x

[@scottyflintstone]

losing my $600 stimulus isn't going to wreck me. But it might wreck them

[@noahr3216]

The peasants can bet $10K on 50/50 props that go to $0 if they lose next week at the super bowl, don’t see anybody complaining about that “risk”

[@wildoutstandingworld4066]

lol that wasn a debate. That was Kevin slaughtering an establishment goon

[@KaneCiticani]

Got respect for Kevin after seeing this.

[@blayzej]

🤣🤣🤣 exactly! Slaughterhouse!

[@napmaster383]

This makes me embarassed to live in MA. Our secretary of state is probably getting paid under the table by Hedge Funds.

[@samuelwilson8031]

I love Kevin O’Leary. He always knows what he’s talking about.

[@rickc9616]

"Honesty of the Market" , "reality of the trades" what a load of BS.

[@FatbobRell]

He says honesty of the market and then says we need to get control of the market again. Lol he lost money

[@Skux720]

"They're not based on anything other than speculation." That's literally what the stock market is. A giant speculative casino.

[@ddjjggdd]

Sir this is a casino 💎🙌

[@Mr.Isquierdo]

And I'm not folding

[@joeyanderson2612]

Except it's nothing like a casino...

[@pinklady8278]

They don't speculate ( greedy hedge fund monsters) they control it so they can be the only ones that get rich. What goes around, comes around 🙌

[@Tony-om5kr]

I speculated that, over the long haul, I'd make money in the stock market. I had a few individual losses, but over a period of 3 decades I made a bundle of bucks. I'm retired now and living off that bundle, in comfort. That's the power of compounded growth.

[@denrimi]

The MA secretary of state literally said a whole lot of NOTHING.

[@JessieGutierrez.]

Yea he called people who bought gamestop stocks stupid in a nice way.

[@michaelstatia4493]

"There is no certaintty in this". Oh there is. Hedge funds are taking losses. That for "certain"

[@piplyf]

And that there is the whole problem. Hedge funds are supoose to take your money. Not the other way around. They can't deal with it. Their world has changed, and been exposed for all to see, and they despise it.

[@jc.1191]

🤣

[@ivanplacido6996]

The BOOMERS are mad that some MELLINIALS beat them at their own game.

[@bleacherz7503]

That true but the most of robinhood - mant not on robinhood - are crying for stimulus checks or filing fraudulent unemployment forms. 40 billion in CA alone

[@PegahSye]

@@bleacherz7503 word lol that’s the funny part it’s all unemployed people

[@knight1094]

and as a GenX-er, i’m enjoying trading in and out of this market. so much fun

[@iamgkevin]

CNBC is likely funding by hedge fund managers. Likely every time hedge fund come on CNBC, they give cnbc millions of dollars. CNBC will always side with hedge fund billion dollar companies

[@BillyBob-dv1rd]

Haha True! And we will continue to.

[@charleshawn]

Wow! O"Leary made this guy look like a selfish elite crybaby who doesn't want the poor man playing in his golden sandbox.

[@charleshawn]

@Malachai Carter good point

[@FrankT11113]

“Im concerned about the marketplace” -translation- I’m concerned our party is over

[@InvestingByFranklin]

This guy doesn’t know what he’s talking about. This is based on hard evidence that hedge funds shorted more than they could afford. They speculated that they would go bankrupt, Reddit users just bought to stick it to them. And now their funds are moving into the hands of the people.

[@mir5117]

that's what I call democracy

[@elephantman2854]

@Hunter Hughes which is expected, what happens when the masses do something smart for themselves? Change the rules to keep them poor, rather than encourage them to see more

[@atwertsdfgsdfaasdfa]

Oh he certainly knows, but he won't say a word about how overshorting caused this. This man definitely has money on the line and I hope he's investigated thoroughly for the disinformation he's spreading now in an effort to manipulate the market

[@nerdstrangler4804]

Hedge funds could easily cover their shorts if the share price wasn't being manipulated. The funds are moving into the hands of the institutional investors and gamestop executives that held the lion's share of the float before this started, those are the guys who will ultimately win big. The vast majority of retail traders are going to lose once the bubble bursts, as they always do. Everyone feels rich and thinks they are a genius DURING a bubble.

[@deeptoot1453]

@@nerdstrangler4804 no they're not. The short interest is insane, everyone will be able to sell their shares at an acceptable price at the very least. Imo worth the couple of bucks losing if it means a potentially level playing field in the future.

[@Shflight11]

Lol it's a free market when you're winning and bullying the market, then when a legion of small investors bully you, you try to change the rules. That's all this is.

[@heresbowling]

He's just worried about his rich friends money

[@deankruse2891]

No he is worried about his nest egg fund. He is worried about the wealth he accrued over a life time and invested in low risk stocks being decimated or wiped out because of something he doesn’t understand. I think he is wrong BTW, just don’t get it twisted, he is worried about 401k portfolios and retirement funds, not his wealthy friends.

[@mellowvibez2185]

@@deankruse2891 only someone who wants elites to win would be worried about transparency in the marketplace

[@deankruse2891]

@@mellowvibez2185 what? The term “elite” is meaningless here. Lots of middle class people who have worked a life time have their retirement and majority of their wealth in 401ks and conservative investment accounts. People of his age have been through market volatility and it can literally wipe out your entire life’s savings and ability to retire. It isn’t all about billionaire hedge fund managers. I still think he is wrong BTW, this will effect HFs and probably force them to sell good stocks at rock bottom prices, great time to invest right now.

[@justforviewing2]

@@deankruse2891 The very notion of 401K was dreamed up but greedy Wall Street to replace stable pensions by shifting retirement funds into the markets so Wall Street had more $$ to play with. It's the boomers fault they fell for it. F&%K the boomer "middle class" for being greedy simps by going along with such an asinine idea to begin with. They are complicit in this as well.

[@bytesizedwisdomcs]

His argument is basically "i don't like that they arent buying based on fundamentals and we have to protect them from losing money" anyone that's spent longer than 10 min on WSB can see how hilarious trying to protect them from losing money is

[@michaellee8815]

“Honesty of the marketplace”.... let’s just stop you right there pal

[@petercavanaugh2434]

In fairness, he means the honest evaluation of companies in the marketplace, not honest practices in the stock market. That being said, I feel that Kevin is right about everything he says, but doesn't know how ill-informed the majority of individuals on Wall Street Bets are, despite the fact that in it's entirety, the group is doing very smart things.

[@michaellee8815]

@@petercavanaugh2434 ya but there’s no honesty there either, if hedgies weren’t shorting extra imagined thin air shares GME would have been trading at twice the price, something like 70% of their stores are cash flow positive they make it seem like it’s a little girls lemonade stand

[@zachariahstillwater]

Hahah

[@arthurfonzarelli9331]

You mean "mahkutplace."

[@michaellee8815]

@@arthurfonzarelli9331 DEAHHH WICKED HONEST

[@JojoQuik]

He's concerned about his GME puts.

[@DETSRC313]

FACTS

[@jtg2525]

lol with implied vol GME puts have been doing great with the stock going up

[@cortez1211]

“The honesty of the marketplace” what did he just say?!!?!!?😂

[@crisprtalk6963]

Exactly!

[@DETSRC313]

🤣🤣

[@crisprtalk6963]

@Green Square Massachusetts.

[@x2ceyez]

The "Honesty" of the market place is on Hole 7 at 9 AM on whatever fancy golf course the hedge fund/execs are conducting insider trading.

[@hannahstephnie4840]

The cryptocurrency hit a fresh record high for the first time in three years this month as people increased their bids in hopes of making huge gain from the rise but as we can see now the market is very unstable , the truth is that you can always make more profit from tradn rather than just hodlin and waiting for the price of BTC to skyrocket . Indeed its a tough decision for both old and newbies whose intensions are just to hodl and sell but rather the potentials of tradn Btc would allow you grow your Btc not minding the present price chart and also saving your ass from any future deep that may occur . I started tradn with Daniel Wríght since late last year and till date have made over 14 Btc even with the ups and downs since the journey . With Daniel’s help I no longer have to worry about the rise and dip of Bitcoin , you can easily get to Daniel on : Teleg : ram : Danielwrightfx.

[@TK-17]

Hahaha! Kevin O'Leary isn't coming slow here for sure. Him crushing the secretary of state is a highlight of my week so far. Loved it. Go Mr. WONDERFUL 👏

[@apophisxo4480]

He's talking about unsophisticated investors, meanwhile his friggin solution is the uptick rule...Give me a break!

[@bob15479]

“They’re learning by losing” *Looks at my account up 100% in 2 yrs*

[@BiggMikebossdon]

🤣🤣🤣🤣

[@NeverEndingRabbitHole]

Yea f them, I’ve been in the market for 2 years and have beat their returns

[@natrone23]

I’m up 48%

[@chickendinner5572]

500% in 6 months lol. I think I know what I'm doing.

[@TestingTestTest-zr5jb]

@@chickendinner5572 no you dont. "the Correct rate of return should be only 8%! If youre make more than that your manipulating the market and speculating" - William Galvin

[@cesarpegado69]

If corrupt had a face then Massachusetts secretary has the perfect fit.

[@drbernardyeboah8590]

lol well said

[@RRRRobbbb]

Alternate title: “Idiot state-level politician doesn’t understand the stock market”

[@mallumotovlog232]

I think what Bill really is saying is we need full transparency and we need to look out for the little guy.

[@XX-qj9sj]

@@mallumotovlog232 but the little guy is making millions lmao it's the hedge funds losing billions

[@rutgerhauser2377]

> Chides "unsophisticated investors" > Proceeds to call it "gamestock"

[@rutgerhauser2377]

​@@leobustos740 "If you could make God bleed, people would cease to believe in him. There will be blood in the water, and the sharks will come."

[@xpkareem]

Yea everyone knows it's GAMESTONK

[@arturstypukowski1279]

In full honesty I call it GameSpot all the time. And I made 300% in two days on this stock.

[@FFFFFFF-FFFFFFFUUUUCCCC]

To be fair I made that mistake many times too

[@hannahstephnie4840]

The cryptocurrency hit a fresh record high for the first time in three years this month as people increased their bids in hopes of making huge gain from the rise but as we can see now the market is very unstable , the truth is that you can always make more profit from tradn rather than just hodlin and waiting for the price of BTC to skyrocket . Indeed its a tough decision for both old and newbies whose intensions are just to hodl and sell but rather the potentials of tradn Btc would allow you grow your Btc not minding the present price chart and also saving your ass from any future deep that may occur . I started tradn with Daniel Wríght since late last year and till date have made over 14 Btc even with the ups and downs since the journey . With Daniel’s help I no longer have to worry about the rise and dip of Bitcoin , you can easily get to Daniel on : Teleg : ram : Danielwrightfx.

[@erikrungemadsen2081]

"There is wild speculation based on nothing, that is not an honest marketplace." That guy has never been to flea market in his life!

[@paulbradford6475]

That's a liberal Democrat for you.

[@xChemistryFTWx]

Who the hell is he to define appropriate versus inappropriate speculation? Not to mention, there has been logic behind this speculation in GME; which is that the short interest was (and still is) insanely high, and if there is enough buying pressure then it will trigger short squeezes that will push the stock value higher.

[@idkkev1885]

mawrketplace*

[@und3r804]

@@paulbradford6475 big finance owns people on both sides of the aisle, brother. It’s sad to see people reducing everything to the same tired old arguments. Take the blinders off for a change.

[@minhducnguyen674]

They have insider information to see more. But they don't have more brains to process what they see. And reddit is a lot of brains, some are autistic level of genius. Guess those old men don't know high quality screen mean nothing if you don't have high quality graphics card.

[@Senad]

That slight smile on Kevin's face makes me to suspect him as a member of wallstreetbets.

[@lazamair]

A lurker in that subreddit at the very least.

[@cerebrumexcrement]

😂😂😂😂😂 you should check out his youtube channel. he talks about stocks on there sometimes. he gets his stock advice from the younger generation.

[@trisetfitnesstv6315]

😂

[@UnfiItered]

Kevin is a good dude, he's always telling people not to buy in on margin which is basically shorting. I also believe he's for the people despite how he seems on shark tank.

[@forwardfaz]

I mean like, Mark Cuban's son is a WSB member.

[@eduardorodriguez7689]

The veil is slowly coming Down. I’m impressed

[@DarkArtsDeepDive]

“Control of the marketplace”? What is this guy talking about. The market place is the market place. Hedge funds made some stupid decisions mainly shorting 130% of available stock. They paid. They’ll correct their behavior next time, after losing their shirts.

[@Clepto_and_Co]

their attempt at "correcting their behavior" is crying to their friends in high places because the little guys were allowed to play the game.

[@garyboisvert8886]

Options are legal they just expose the so called experts

[@KoAkaiTengami]

For some of them there won't be a next time. I see bankruptcy in someone's future : )

[@scottcantdance804]

It's against the law to short shares that you haven't verified to exist. It's called "naked shorting". So it's impossible to short over 100% of shares, without violating the law.

[@garyboisvert8886]

Yeah I know

[@Economivision]

"they're learning by losing though" ...That's the BEST way to learn. Even if they're speculating, which I despise, they will learn their lesson just as MANY, MANY young people do. THIS IS THE WAY.

[@bdoubleeb3039]

The hedgefunds are being given a lesson here

[@unknownwarrior5672]

@@Ray4thewin by learning from someone else's mistake lol.

[@thetayterminator1436]

THIS IS THE WAY!

[@methos1999]

This is the way. I have spoken.

[@NorthernCornerProductions]

I’m speculating with $600

[@hacker4chan180]

William Gavin: These unsophisticated investors are stealing our money shut it down. WSB: “we like this stock”

[@professorlazza3882]

The “Free Market” only applies to regular citizens, but not those on Wall St.! What a joke.

[@jcool2hot]

O’Leary for the F*cking win! 🙌🏾 “ I don’t agree with any of that” 🤣💪🏾

[@chasecomeau7648]

“Wild speculation based on nothing” the hedge shorted 140% and got caught and squeezed. There couldn’t be a better chance at making money. That’s not called speculation that’s called smart research you tool.

[@musek5048]

Its called beating them at their own game lol

[@mandboat]

I bet his portfolio is managed by Melvin or Citron lol

[@jonathangarmuth8975]

"Unsophisticated investors"

[@Wongseifu548]

O"Leary is right at this point. Quite literally when we leave highschool very few of us know how the stock market works at a basic level and by the time we even have some sort of understanding of it we are behind on what we need to retire and are desperate to raise cash

[@btw-3006]

Yeah. This is something I have talked with people about. Personal finance classes should be mandatory in the curriculum, like math, science, history, reading/writing classes are.

[@carboy101]

Facts. Everyday I'm super thankful for my middle school typing teacher for teaching us financial literacy a few times a week.

[@peredavi]

The “people in charge” just want all the little people to be consumers. They’re not interested in making savvy savers/investors.

[@backseatpolitician]

That's true, but if you look at the fundamentals of gamestop the stock is waaaaaay overvalued at this point. The reality is that if you were given some kind of financial education for investing in school, hopefully you instructor would have taught you to stay out of trades like gamestop. But don't listen to me, I'm just some guy on KZbin and not reddit.

[@btw-3006]

@@backseatpolitician I don’t believe GME is close to what it is worth now, but many stocks are overvalued and this is a huge short squeeze. Also consider a stock like Tesla. People have been believing that stock is overvalued for the past 5 years.

[@kjsure]

Thank you Secretary for embarrassing our state. Kevin, spot on.

[@nuclearsilo6971]

Kevin o'Leary is 100% correct and defending the people.

[@0IIIIII]

Lol a celebrity millionaire who makes his career on tv drama is more credible than Galvin who spent his life helping consumers in Massachusetts, the most liberal state in the US. Funny funny

[@computron1]

@@0IIIIII #1 You clearly love Galvin based on all of your comments. #2 MA is a blue state with a Republican governor. That tells you everything you need to know about how truly liberal MA is.

[@tobydion3009]

Wow, that dude is so salty. Someone definitely took a dump in his cheerios this week.

[@jonashammar8907]

hahaaha great comment

[@scarysunburns7733]

I’ll take a dump in his Cheerios right now

[@ItsBondoBaby]

That clip will age very poorly for him.

[@jakehenry501]

"something needs to be done about shorting" "these are based in speculation" la la la la la... Nothing needs to be done about shorting what needs to be done is these hedge funds need to stop having a monopoly and being in bed with brokerages to control the market. This secretary is dumb I feel terrible for Massachusetts.

[@drzero7]

The real snakes who are for the billionaires and rigging the system are slowly coming out.

[@rendox]

As woke as Massachusetts is, our career politicians are just as slimy and prone to "donations" as anyone else. In a deep blue state a well connected corporatist can use that D next to his name as a shield.

[@darrencole2000]

There already are rules on shorting, like you cannot naked short .... which the hedge funds absolutely have done otherwise there wouldn't be more shares sold short than even exist, that is what is extremely dangerous to the economy, hedge funds are operating illegally and without consequence.

[@martymcyourflysdown6872]

Funny how they blame retail, Blame the corrupt short sellers who shorted over 100% of the float in a blatant effort to profit off destroying the value of a company, Thus allowing a short squeeze to happen in the first place. Lol

[@NichoTBE]

"rational speculation" apparently includes going 140% short to float ratio

[@1southernsun]

Exactly!

[@n.d.3779]

Did you also hear him say limit the up-tick on shorts!?!

[@jimbobduggar1747]

"they're learning by losing" listen to almost any successful person. They'll encourage you to lose because that's the best way to learn. Everyone who wants to do something big has to lose. No one gets every single thing right on the first try. Also sorry about your GME puts!

[@lukas.prochazka]

Every loss is an experience... Those who never lose, never learn

[@cryptouk7985]

My first loss ws a huge loss , since then I've learnt to restrain my positions and gained back twice what I've lost , the sheer arrogance of these ppl telling us we can't do what they do and they'll prevent us to help us ... Makes me mad

[@mrsolarrr2182]

I almost gave up after blindly investing in things that were trending and foolishly holding the bag rather than running with profits. This week has taught me so much, mind you, I just started investing about a month ago. I know what I need to do now in order to be successful💪🏽

[@Marty4650]

Perhaps it might be a good thing if hedge funds were allowed to "learn by losing?"

[@cryptouk7985]

@@Marty4650 they don't learn they double down xD

[@radar0412]

Never take the Word of a Person who has a reelection campaign to run.

[@TH-uw9py]

Never trust any politician that has never produced an actual good or service for the marketplace. William Galvin (the guy debating Kevin) went STRAIGHT from COLLEGE to POLITICAL OFFICE. He is the DEFINITION of a bureaucratic parasite.

[@fidentia10]

Oh I'm sorry did we just flip your casino table?

[@IcemanCT]

Kevin O'Leary absolutely embarrassed this guy.

[@rafee1662]

“Wild speculation base on nothing. That is not an honest marker place!” “You want regulations on the uptick?!?!” Wow! What do you call Hedge Funds Short over 120%?

[@DETSRC313]

FACTS

[@Rocket_Man]

So is a short squeeze not a formula of atk in the market 🚀🚀🚀💎🙌🏿💎

[@miller1240]

If that's his argument he needs to explain why it's ok for hedge funds to perform a short squeeze but not retail investors. This clown should understand what he's talking about if he's going on national tv.

[@fakechains2903]

These BEGGINER TRADERS have NO IDEAR this is wild speculation based on NOTHING😢

[@naeonixion]

@@hannahstephnie4840 nice thesis shill

[@des1458]

Kevin: "i Don't agree with any of that" seems like CNBC just set this guy up to be roasted by kevin. hilarious as hell 😂😂😂😂😂

[@zachariahstillwater]

I scrolled right past that guy to right when Kevin said that, I couldn’t even waste my time listening to that old guard

[@0IIIIII]

@@zachariahstillwater You should watch what Galvin said before dismissing him. Galvin is a grizzled politician who doesn’t play Kevin’s game of telling what people want to hear. Galvin is correct. These are bubbles. Bubbles pop

[@bkim412]

What happens when taxpayers have to bail them out?