Are you actually so misinformed that you think a company goes bust because of shorting?
There are quite many factually incorrect things said in this thread and at wsb.
WSB vs Wall Street / Gamestop Stock and others blown up by Subreddit
- Thread starter Kasper
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There are quite many factually incorrect things said in this thread and at wsb.
You might see those workers get paid now, its the least the money men can do if the mob focuses in on it.
Every company. of course not. Game stop. quite likely.
Have you ever worked in a publicly listed company? Short selling can't directly bankrupt a company, but artificially driving the stock price down can have major implications which make operating far more difficult. For one, executive renumeration is often tied in some way to the stock price and retention of staff becomes difficult when the price is sinking. Raising capital can also become more expensive and lenders jack up rates and become stricter with covenants if equity finance is more expensive.
Yes, the executives that pushed store staff to still go to work during a pandemic with no hazard pay, are now millionaries and (in 1 case) billionaires (on paper), and that is supposed to be social justice? Seriously, read the top all time threads in the gamestop subreddit to see what they're about.
A company doesn't get richer from its stock being overvalued, unless they issue equity. Something AMC and American Airlines have done, but GME executives seem to be enjoying the squeeze. It helps them, but does shit for them actual company.
Short sellers do not destroy value any more than stock buyers create it.
In the long run, the only thing that matters is the earnings power of the company.
I don't really mind. Some CEO making a billion whilst some random people messing around on their phones make a few billion between them. Very happy with that trade.
Worker cooperatives are a better business model for many reasons more important than odd situations like this.
GameStop isn't going to go bust because of being shorted, it's going to "probably" go bust due to an outdated business model.
Yes, its about making money. I have nothing against that. But the people who think its some social justice or grand wealth transfer are missing that the biggest transfers are going from rich people to other rich people.
And the pandemic, presumably. Very much sounds like one of these 'was barely hanging and then the pandemic hugely accelerated things' situations.
Yes, it was this that put them under extra stress. Although DFV and Michael Burry were right, and the hedge funds were wrong. It still generated enough cash to not go under in maybe the next 3 years, maybe more.
Keith Gill aka roaring kitty aka DFV
Wonder when he cashes out and if that triggers the other autists to follow suit.
Indeed - there's a bunch of HF that are massively long the stock (and Michael Burry barely scratches top 10)
Can we not? I've seen it a couple times now, last few days, not sure if it was you before or someone else.
The vernacular of reddit is seeping out here.
Classy
That's how WSB people refer to themselves, what's the problem @Charlie Foley @DOTA
A lot of autistic people find it offensive.
What's really hilarious is the news media outlets claiming the markets sliding are due to "gamestop volatility". The fecking lying scum.
Gamestop failure is not due to shorting. It helps but fundamentally it's a dying business due to stream purchases.
They're doomed either way
Great chance to fold it. The owner will remain rich to a degree but with the company dying and pandemic. He'll file chapter 11 soon.
Cant blame him. It's a different era
Th
The man on the rights wife had a miscarraige, is in hospital right now and he decided to fly to texas for this podcast rather than be by her side.
Just wanted to say that. Cockwobble.
The man on the rights wife had a miscarraige, is in hospital right now and he decided to fly to texas for this podcast rather than be by her side.
Just wanted to say that. Cockwobble.
Nah... generated enough cash to go under now with some cushion for severance pay if the owner have some decency.
Nothing wrong with the system.
They game it, now that it's out in the open company will think twice about gaming it.
This wont happened again in the future.
Companies will be wary of short selling stuff and sharks will look for locked in spread.
It's always like that, just a mere star aligning at the right time.
Its that and people didn't like the J&J vaccine results. But it has contributed to the market selloff starting Wednesday, because hedge funds in general have been unwinding risk.
Really? Found that very surprising. Description says Brendan Schaub .. Googled him. No news.
So so true
The big money players are throwing their tantrum and taking their football and going home.
So so true
The big money players are throwing their tantrum and taking their football and going home.
Yea. To them its perfectly ok when they are manipulating the market.
Soon as they start losing money they have to change the rules to suit themselves.
Headlines are saying "gamestop volatility". They're deliberately crashing the market with their tantrums to flush out all the retail investors and blaming it on retail investors.
Exactly. If it were a casino where the banker got 21, I'd accept it. But now, the banker has 19 and is flipping through the deck to find a 2 and declaring he had 21. Big money has been gambling the world's economy away on a daily basis. And profiting form screwing over everyone else from their manipulation, lying, cheating and scamming. Now, they get challenged and they immediately throw a tantrum and trash the stock market on 600 point drops and blaming retail investors. It's sickening.
"the mob" owns stock and their returns on that stock will be negatively impacted if the company increases labour expenditure.
Are talking about Brendon? If so then it's noy out of character for the cockwomble.
No it isn't.
In case it wasn't 100% clear, absolutely no offense meant to autistic people.
You really have no clue what's happening, do you?
Rappers call themselves by the n-word but you wouldn't post that, would you?
If the term is some sort of play on autism then don't use it here.