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by danmg
1971 days ago
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It's disingenuous and factually incorrect to compare WSB with a DDOS takedown crew running a tool against scientology.org. WSB is legally sharing trading information and making informed investing decisions based on public information. What happened with Game Stop is completely predicated on large investors, who should have known better, buying positions that exposed them to an infinite amount of risk. The short squeeze is the reason this is happening and not "ancillary." The hedge fund took these positions because they thought they were a form a free money. A better analogy would be "The Producers." The audience just walked out of "Spring Time for Hitler" for intermission and they're humming the songs and laughing. |
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