[Imustaskforhelp]

"Half stock, half cash": https://www.youtube.com/watch?v=NxD-KGsvPI0

(I couldn't believe myself at first seeing things like these happening and this clip in particular, how does one get millions of dollars for such an disastrously wild interview to me feels quite off to me)

[SwellJoe]

The fact that a guy like this can rise to the level of CEO making millions pretty much sums up everything wrong with the world. I don't think I would trust that guy to make a sandwich.

[Imustaskforhelp]

I would admit that when I had first heard the news (from hackernews) and read its comments, people gave multiple examples and convuluted examples on how this all makes sense and the financial aspects. I was left feeling impressed that perhaps gamestop might've been thinking something new.

Then I watched the video.

> I would trust that guy to make a sandwich.

Don't worry, we are just trusting him with around a measly 11 billion dollars.

This isn't even the worst part by the way, somehow the worst part to me feels like there are people who watched that interview and then somehow got even more convinced within this person/gamestop and publicly glaze him.

To them, I have a question like, are we watching the same interview? How can anyone watch that interview and then consider it in any way positively or anything like that, like huh, have we watched the same interview?

Perhaps some of us at first (like within that HN discussion) were/are trying to justify as if it is some massive brain effort by gamestop or anything and its a 5d chess move ,but to me, this interview showed me what the reality is actually.

[jml7c5]

>To them, I have a question like, are we watching the same interview? How can anyone watch that interview and then consider it in any way positively or anything like that, like huh, have we watched the same interview?

It all comes down to a belief in "trolling". Once you assume that your chosen individual might act stupid on purpose, you lose the ability to discern between actual stupidity and fake stupidity. GameStop enthusiasts see that interview and assume Cohen is mocking the interviewers as a show of intentional disrespect. They think he's not actually clueless, just trolling.

Unfortunately, this sort of belief is self-reinforcing. Once you get over the hurdle of believing in trolling the first time, the next instance seems completely plausible. Every time it happens, you become more convinced that the person engages in a pattern of trolling — after all, you've seen it so many times! You don't realize that the source of your belief is not accumulated independent evidence, but a chain that rests on a single link.

[flyingcircus3]

This is because the community around Gamestop is radicalized by the exact same grievance culture behind the MAGA movement. It even started conveniently in January of 2021, at a point of MAGA's seeming obsolescence. The adherents of this movement have already accepted the final result as guaranteed, and literally every piece of news the world over gets interpreted through the lens of this eventuality that Gamestock's stock price will explode, making them all millionaires and billionaires. Just like MAGA, the community is full of people whose main role is to delegitimize negative news, and reframe it all as instead proof that the mother of all short squeezes is imminent. Today is the perfect day to see this playing out on their subreddits.

[axpvms]

They have an entire library regarding their "due diligence" by the way

It's pre-ChatGPT, so people actually wrote all this out (they are reddit posts disguised as books)

https://fliphtml5.com/bookcase/kosyg

Also an fun long form video for anyone interested

https://www.youtube.com/watch?v=5pYeoZaoWrA