[strogonoff]

About $13.8 million he’s got out of the stock to be exact, if reports elsewhere in the thread are correct. This shows how ability to influence large numbers of people can convert to money, and the closer you are to the root the bigger slice of the cake you get.

[stcredzero]

Basically applies to all media and startups.

[strogonoff]

How does it apply to all media?

[stcredzero]

Anyone who commands any appreciable number of eyeballs can parlay this into money and/or power. This has been true basically forever.

[strogonoff]

I’m not sure it’s about media. Media may provide a channel to carry a message to many people, but that channel can be used for good or for evil.

I think we are talking about converting influence over masses to personal gain (don’t know if GME guy did it intentionally or not, but it benefitted him), less about media (which itself may not become richer from this) and more about how some use it. Admittedly some media may be prone to facilitating these scenarios.

[throwaway-571]

it's in his daily screenshot. But he still has $30M in stock and calls.

[strogonoff]

Yes. Was just pointing out that this statement is false or dangerously half-true: “as of now, he has not sold his shares”. This, however, would be true: “as of now, he has not sold all of his shares”.

The danger in “he has not sold his shares” is that a retail investor who did not do their research might misinterpret it and imagine a guy who never sold and will never sell; since that guy has background in finance and knows what he’s doing, common sense would suggest it must be safe to invest into this stock right now; meanwhile, in reality that guy has already cashed in big time.