I still don't understand how they successfully managed to make people think buying shares of a bankrupt company for $350 a pop was a good idea. They pitched it as the new BTC or TSLA but it really is just a text book example of pump and dump. They're not "owning wallstreet", at best they're owning a few investors/entities who took way to much risks, and that's it. The smart ones bought their shares at $5 and sold last week at the peak, any one getting in from now is suffering from massive FOMO.
Ronbinhood &co enabled this by gamifying trading, people are just one click away from betting their entire savings based on random social media posts amplified by mainstream media over coverage.
If you learn about something like this via mainstream medias or your friend who had no idea what trading was 2 days ago you can be 100% sure that you're too late to the party
edit: ok, not bankrupt, but clearly not going in the right direction. Either way, not anywhere close to make investors rich quick
Ronbinhood &co enabled this by gamifying trading, people are just one click away from betting their entire savings based on random social media posts amplified by mainstream media over coverage.
If you learn about something like this via mainstream medias or your friend who had no idea what trading was 2 days ago you can be 100% sure that you're too late to the party
edit: ok, not bankrupt, but clearly not going in the right direction. Either way, not anywhere close to make investors rich quick
https://gamerant.com/gamestop-out-of-business-in-digital-age...
https://gamerant.com/is-gamestop-going-out-of-business-dying...
https://edition.cnn.com/2020/09/10/investing/gamestop-store-...
https://www.ccn.com/gamestops-ultimate-destiny-buyout-or-ban...