they are literally memeing the revolution into existence

  • JackDecker [comrade/them]
    ·
    4 years ago

    I don't understand any of this shit and I don't know if that's a good thing or not.

    • Ho_Chi_Chungus [she/her]
      ·
      4 years ago

      Unless you personally want to get into investing, there's little that is worth understanding. All you need to know is that some redditors turned a meme into a really bad quarter for some wall street ghouls. This likely has no further ramifications but it's really fucking funny to watch

    • DecolonizeCatan [he/him]
      ·
      edit-2
      4 years ago

      It's a rare example of a capitalist pyramid scheme where Wall Street hedge funds are the losers at the bottom of the pyramid getting screwed over

      • Pezevenk [he/him]
        ·
        4 years ago

        Correction, a few specific hedge funds are getting screwed over, the rest are doing what everyone else is doing.