Don’t forget it was Reddit users that broke the short squeeze on GameStop. This bought Wall Street down a peg or two.
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Don’t forget it was Reddit users that broke the short squeeze on GameStop. This bought Wall Street down a peg or two.
I fail to see the long term implications of that. It was a nice story but changed nothing.
Well, the implication is that the greedy banks have to have one eye in the rear view mirror before they do anything. Slows them down a bit even when there is nothing there. They don’t want to get burned again.
Not in the least and it wasnt banks affected. It was hedge funds that were affected.
And the one bankrolling it, Point72, paid its owner $1.8 billion last year.
So I disagree. What you state really has no basis in reality.