People made big money on tulips. Just not the ones who ended up with them when the music stopped.
Amazing. All kinds of fraud and chicanery are allowed in the stock market in all of the big tech categories. Twitter is probably 50% fraudulent bot accounts. Likewise for Facebook that lied across the board about user numbers. Not a peep. But anything from “day traders” endangering hedge fund machinations and trade gets immediately halted.
Ba$tards all...
Article omits the fact that the hedge funds shorted more stock than actually existed in an attempt to use the weight of their fund to drive the stock to artificial lows. Had they done it to a less visible company (at least to the Reddit community) it likely would have worked.
I wonder if some of the interest in GameStop is due to people wanting to own physical copies of games and other entertainment, rather than trust availability through the cloud, under terms that can change without notice.
I do only casual gaming. I don't have much time for it. But I have noticed an uptick in young people who want physical books and movies.
Yeah you can "watch it on streaming" but that is only if it is available. And they can change it at their whim. Or block it for some reason just when you want to watch it.
With games there seems to a certain amount of "the latest update ruined it" and they want to go back to the original. Can't do that with a downloaded copy. But you can if you have the original disk.