| You may be underestimating what r/SuperStonk has achieved thus far. Direct Registration System (DRS) [1][2], a system for book-entry ownership, has been successfully popularized by r/SuperStonk, over the last few years. From Gamestop's recent SEC filing, 10-K [3]: > Our Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GME”. As of March 22, 2023, there were 197,058 record holders of our Class A Common Stock. Excluding the approximately 228.7 million shares of our Class A Common Stock held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares), approximately 76.0 million shares of our Class A Common Stock were held by record holders as of March 22, 2023 (or approximately 25% of our outstanding shares). Let's let that sink in: visitors of r/SuperStonk collectively own 25% of GME (and registered via DRS), throwing down >$1.5B USD. How can one not appreciate the magnitude of this accomplishment? It's absolutely unprecedented. When we look back on this, I'd wager that education will be r/SuperStonk's crowning achievement. Hundreds of thousands of people have mobilized thus far, and are taking an active interest in financial literacy, learning about market structure, reading quarterly statements, joining earnings calls, and submitting commentary to regulators in both the United States and Europe. When does a group of investors stop being a "cult" and effectively become a full-fledged movement? [1] https://www.computershare.com/ca/en/insync/summer-2016/about... [2] https://content-assets.computershare.com/eh96rkuu9740/630fe9... [3] https://news.gamestop.com/node/19991/html |