I challenged myself to make a video explaining a current event before any of the major news organisations.
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The Reddit/Gamestop Stock Battle, Explained
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Dumb Money!
This proved the game is rigged.
Tell me you don’t understand anything about finance, without telling me you don’t understand anything about finance 😂😂.
When you look into it, most of the investors were not Redditors. It was other hedge funds. It’s just easier to blame redditors and it makes the common man feel more powerful which is good for the upper class. Because it’s when the common folk realize the power imbalance that they act out
THIS IS THE FUNNIES SHIT I'VE SEEN HAPPEN TO RICH PEOPLE LMAOAOOAOA
that was very well explained, thank you very much ! I will use your video to prepare my economic and social science exam !
For those of you who don't know how this ultimately ended is the federal government crackdown on Reddit Wall Street bets and stock market app screwing over the general public. So Banks and mega corporations can manipulate the stock market and entirely legal and incredibly scummy Way for their own benefit to f*** everyone else over but ordinary people can't do the same thing even though it's technically legal because someone in the government decided they can't. Maybe we should just make short selling stocks illegal.
"…the already wealthy boomers…"
What, you think that, just because someone was born between 1945 and 1960, that they're automatically wealthy? Boy, you have one hell of an imagination. Like any other age group, most are poor, and going around telling the world the those people are wealthy, based on nothing but birth-year, betrays serious ignorance.
This video is so far from complete and it makes me highly question your other videos
To be fair that is great for the economy as now money is going to be sent instead of reinvested in a very bad way
Block buster may make a return
I feel like this is a little too much of a glowing commendation. It's cool and all but cmon these are blatant bubblemaking and especially the later shares are no better than boom and bust crypto.
How about you listen to the video named "GameStop Manifesto: The Sad Hidden Truth".
And then they froze the stock and forced the reditors to sell.
This is just redditors gambling
If Hedge Funds are sharks of the financial industry, Private Equity firms are the orcas
Who says the story is over?
What sickens me is that everyone just forgot about this. No one cares that when the people in charge lost the game for once, the government bailed them out.
Redditors screw the economy FOR A MEME beyond lex luthor
I appreciate the summary but your line about “boomers” and how much young people are “suffering” was garbage. People my age are disrespectful to the generations who came before us and built everything we have.