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Farmer-Rick

(12,704 posts)
14. Thanks for explaining that
Thu Mar 21, 2024, 12:57 PM
Mar 2024

Remember when Reddit tried to turn around GameStop stock?

They got crushed.

"Experts said Wall Street's reaction showed just how high the deck was stacked against small investors."

"Keith Gill, the day-trading member of the Reddit group Wall Street Bets who is widely credited with igniting the recent GameStop trading frenzy, claimed in late January that he had turned his $54,000 investment into a $48 million fortune.

Days later, it had been sliced by more than half to $22 million, and regulators had set their sights on Gill, investigating him over potential disclosure violations."

https://www.google.com/amp/s/www.businessinsider.com/reddit-wallstreetbets-traders-failed-war-wall-street-proves-system-rigged-2021-2%3famp

They want you to think that investing in stocks is fair and equitable. That a dollar is a dollar and everyone is treated the same.

But it's not. The big guys are always looked after while the rest of us have to deal with the "free" market.......

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Righteous rant, and a pretty accurate description of predatory capitalism...nt Wounded Bear Mar 2024 #1
Most excellent point! Says it perfectly. I'm reading Upton Sinclair's book "Brass Check" SharonAnn Mar 2024 #2
Dollars are people too in this fucking dystopia Ponietz Mar 2024 #3
I try to focus on who is fighting for me Johnny2X2X Mar 2024 #4
I'll go with that. Biden and the Democrats have done more for working people than PatrickforB Mar 2024 #9
It's not even "shareholder" primacy capitalism; it's "insider" primacy capitalism. dawg Mar 2024 #5
100%. I have a few shares too, but you're right because little investors get screwed regularly while PatrickforB Mar 2024 #10
Thanks for explaining that Farmer-Rick Mar 2024 #14
The GameStop/Reddit issue Zeitghost Mar 2024 #18
Well when all was said and done the big investors won out Farmer-Rick Mar 2024 #19
Reality won out Zeitghost Mar 2024 #20
Yeah, Farmer-Rick Mar 2024 #21
Excellent rant PatSeg Mar 2024 #6
Corporations have personhood rights, too. CrispyQ Mar 2024 #7
Great rant! limbicnuminousity Mar 2024 #8
Social Security Disability applications are JMCKUSICK Mar 2024 #11
I am so sorry you are going through this Farmer-Rick Mar 2024 #15
Thank you JMCKUSICK Mar 2024 #16
Good rant! pandr32 Mar 2024 #12
K&R yonder Mar 2024 #13
Super rant! Battling Verizon Vulture Cust Service for a month, I hear you.. appalachiablue Mar 2024 #17
People forget the origin & true meaning of the stock market Trexmaster Mar 2024 #22
Nice post. And welcome to DU. I would like to take a moment to weigh in on PatrickforB Mar 2024 #23
'Working your ass off for $7.25 per hour, working two jobs because one won't do.' True Dough Mar 2024 #24
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