I'm not sure if this is supposed to be posted here but I'm not sure this would be welcome in c/wallstreetbets (lmao) either. It's just sad and dispiriting. Not really gonna say more about this because it's been pretty draining tbh.

Also, before someone says "well I don't think it's WRONG to talk about this, and I don't think it's praxis, and y'know I had to pay rent and spent some money on this and I just like laughing at Melvin eating shit and...." cool, I'm not talking about you, you know which people I am talking about.

    • Pezevenk [he/him]
      ·
      4 years ago

      Buying stocks to deliberately bankrupt hedge funds and possibly causing an economic collapse in the process?

      If anyone causes an economic collapse, it's not gonna be reddit. Apparently the losses to short sellers are

      Also why are people so stoked about economic collapse happening as soon as possible? It's very weird talking about people who really need some money getting it, while also being super stoked about economic collapse.

    • EatTheLibsToo [comrade/them]
      ·
      4 years ago

      This is a small dumpster fire in the financial world. Anyone thinking this is somehow gonna bring about financial collapse need to read economics and the financial industry 101. This is significant in the world of shorts but barely a blip and a funny article to the rest of them.

      And yes individual cases of people making money will exist, but money won't be distributed to those who need it on average once this is over. The working class people brought along for the ride will be holding their shares long after the firms and petit bourgeois of wsb have jumped off.