[exporectomy]

> Why "going digital" in 2021 means your company is worth 100X what it was a few months ago I'll never quite understand.

Understand it or not, it happened. Going from $3 to $300 in under a year.

Just because some people stated seemingly silly reasons for their predictions doesn't mean everyone betting on it is stupid. They may be trying to encourage others, have an intuition, hope to detect the peak and quickly sell, or even not care about money and be playing it as a game. But at the end of the day, whoever makes money is not the stupid one. Today GME is $250. Plenty of them can be getting rich now.

I have a thought that understanding how the stock market works doesn't matter much. Most of the knowledge from that is already bakes into share prices and the movements are pretty much random. So you very well could win by not knowing what a short is.

[jboog]

That someone can get rich gambling is not some new insight!

Most of the WSB equity analyst is the equivalent of the blackjack player sure he's going to win it big because Mercury is in retrograde!

[nl]

> whoever makes money is not the stupid one

Errr.. this doesn't follow at all.

Plenty of people get lucky by winning the lottery. This doesn't make lotteries a smart investment in general (and yes I'm aware of some exceptions to that).

Getting in on the GME short squeeze was smart.

More than that means you are thinking there is something other than the short squeeze going on. There doesn't seem to be much evidence for that.

[divbzero]

The market cap multiplied 100X, but whether the company is actually worth 100X is a different question.

[raindropm]

I'm sorry for being rude, but that's sounds like what people who lose all life saving said...

[RIMR]

So just to get this straight, you think that GME stock went from $3 to $300 because of productive business decisions alone?