Well, the internet just became fun again. For those of you keeping up with the $GME saga (or lurking on r/wsb, as I am now doing), it is the single most inspiring thing that I have seen in quite some time.
Long story short (heh), these guys bought a stock that was shorted, and through meme magic made it go to the moon, which fucked over billionaire hedge funds. They’ve been pulling out all the stops to make sure they cover their asses, but so long as the “autists” (as they call themselves) hold, there’s nothing they can do about it.
I’ve seen people make $20 million dollars, lose half of it, but refuse to sell. It is simply remarkable. This isn’t a pump and dump scheme. These people are not going anywhere, because the money is beside the point.
It’s about revenge for 2008.
I’m not sure where all of this is going. Unfortunately, I don’t have any GameStop stock (or even dogecoin, which is going nuts right now), as I keep my investments to what I consider safe bets (like bitcoin, for example).
But man oh man is this amazing to watch. Tell me this doesn’t bring a smile to your face.