Okay the GameStocks thing has officially jumped the shark for me

When it was a handful of Reddit assholes burning their own money in order to fuck over one hedge fund in particular it was all in good fun

But now it’s hit a broader audience and has mutated into ‘make money at wall street’s expense’ which is just...no

And now even fucking members of Congress are getting on board encouraging people to blow their life savings on tulip bulbs! So no, this isn’t harmless or funny anymore!

You wanna know who the main beneficiary of the GameStonks mania has been? Other Wall Street firms, who have actually made up the bulk of trading.

You know who’s going to lose money in a couple of days? Melvin Capital, yes, but also 99% of the people buying GameStop shares.

This isn’t redistributing wealth except to a handful of lucky individuals and to other big Wall Street firms

And yeah, the market makers are stopping people from buying more of the stocks. This isn’t a move to protect the hedge funds this is a move to protect buyers from buying a bunch of worthless stock based on mania

Yeah this remind ed me of tulips too

BlackRock has make over two billion in profit selling worthless stock to random people on the internet, most of whom will be screwed when the stock plummets to zero in a couple days.

WALL STREET AS A WHOLE IS MAKING AN INSANE AMOUNT OF MONEY OFF OF THIS. And fucking AOC and Rashida Tlaib are going on the twitter machine demanding that they be allowed to do it even more

oh dear D: