Jaime Rogozinski, founder of the WallStreetBets trading forum on Reddit, says people are "placing bets on a market in a way that they are actually affecting the odds of the outcome." He speaks with CNN's Julia Chatterley about the stock frenzy. #CNN #News #Business
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This was such a massive undertaking that it took the efforts of both nerds and geeks.
@WARGIRLWARGIRL MAKES THE DREAM WORK!!
Ban
it united both the left and right
@Coldcrush yep, Ted Cruz and aoc agree on something ๐
@Thomas Armsworthy Jr I smell in you that feeling of I GOT TAKEN FOR A RIDE and now “I FEEL STUPID” ๐๐๐๐
Let the billionaires lose their money. The little guy needs to win
MUX stock also short squeezing!
don’t fool yourself. The rich people made a lot of money from this.
You’re an idiot if you think most people are gonna “win” from this. Most will get screwed in ways they can’t imagine, thinking this is some get rich quick scheme. And this founder isn’t a “little guy”. He was richer than you will ever be even before GME. Nobody buys $50K worth of stock from a company like Gamespot if they weren’t. At least hedge funds try to bet on winners. This is grotesquely manipulating the market to explode the stock of a failing company with no future, with no basis in fundamentals.
@Keith Dornseif
Itโs about โkillingโ the sleazy middle traders. Plenty of rich folks support the โretail revolutionโ.
The bigger your corporation or the richer you are, the more likely you’ll be bailed out, and the more money you’ll be given. ‘Merica.
Hedge funds manipulate the markets day in and day out. But the little guy wants to play the same game and everyone loses their minds.
https://youtu.be/7bSAWJ0kPXQ
@Cesar Robledo exactly, trade at own risk and if they trade without stop loss, thats also their choice. Robinhood is literally stealing from the little guy and giving to the rich dudes… because the stock plummeted and the little investor can only close
๐๐ฟ Exactly.
They are not even “playing the same game”. They simply bought masses of stock, which is totally fine compared to betting against a company.
I pictured Ledger saying this.
Billion Dollar Hedge Funds getting screwed for a change is a great thing to hear about!!!
they wont be screwed in the short term, but hopefully this is a wake up call to the masses
@bngr bngr if you bought the stock today you’re an Idiot ๐คฃ
@bngr bngr the stock has halved multiple times in the past few days each reclaiming new highs, good try boomer
@bngr bngr you’re supposed to lick the boots not swallow them bro
@eric nol the SEC is investigating the manipulation of the stock price thru the coordination of a buy/sell option strategy online.
well, wall street advocates free market… stopping the reddits or the government helping the short sellers is nothing more then socialism for the rich…
It is anything but socialism. It is naked rule breaking by a conservative establishment to protect itself.
@George this is not a pump and dump at all. Wallstreet took out a bet at %140 that the stock would fail. Probably ilegal because they bet more stocks than the amount of stocks that exist. The redditors called them out.
No, it isn’t socialism for the rich. That is a contradiction in terms.
@Chris A you sure about that
@Chris ASocialism usually refers to the working class, however it’s not defined as such, socialism can refer to any social group, depending on the context…
They got beat at their own game, now they want to take their ball and go home lol
@E Brumley ok comrade
they are not beat yet, but they are fumbling around for a defense that protects them from more dire possibilities.
@Thomas Armsworthy Jr if lying is what will make you not commit suicide because Trump lost Bigly,I think you should just go inject some of Trump’s disinfectant.
How did Biden get to convince Brian Kemp of Georgia to make him carry the state of Georgia.
You guys are Idiots.
@bngr bngr I did and made money,but I applaud their cause.. I just can’t afford to hold. Too risky
@Josh V Iโve heard the SEC is questioning if there was collusion in influencing the price of the stock.
Itโs capitalism until the 1% start losing their millions. What a joke this nation is.
Billions*
United. People
@Altrusian WolfDog bro the wealthiest people literally get the most tax breaks and find the most loop holes. Itโs the working:middle class paying more taxes
@Rick Sanchez no, because your parents retirement account has now suffered. I wonder if one of those ballsy redditors will make a lot of money, pick up steam, start a career in finance, work hard, be successful, and then he can be that rich @sshole that loses all his money. Yay!!!
It’s capitalism when the bottom dwellers like us throw them over, these corporations always depend on daddy government to increase regulations on everything, LIKE WHAT THEY ARE GOING TO DO RIGHT NOW!
I am hearing that normal people are doing the EXACTLY SAME THING goldmen sachs dose and paying off student loans and somehow this is a problem.
https://youtu.be/U499hJc9CWQ
Because Golman Sacs suffered this time. The playfield has gotten equalized. Hurray for the little guy!!!
The rich guys will change the rules and steal the money from the small investors. It is rigged system, small investors are not supposed to profit
billionaires lossing money, so this gonna be a good year after all
“They” stepped in and froze trading for those stock’s…. yeah can not let regular people actually make money on stocks.
Bet
Well it starts of good
What’s next is $RYCEY (Rolls-Royce) It’s another stock we need to buy up, it’s one of the most shorted stocks of this year.
We need to cause more panic for the elite’s, time to send a message!
We need to spread this message!
lol
Hey, it’s the free market. If hedge funds lose billions and go under, the free market has spoken. All hail the free market and the almighty dollar ๐คทโโ๏ธ
๐๐๐๐๐๐๐๐๐๐
@Easton M Every time the little guy wins they try to stop him especially if it hurts the big guy. Hurray to the little guy whenever he wins. ๐๐ฟ
@Easton M RH got 2 lawsuits people outside can still buy, tomorrow they might be able to buy again the ones in US
right?
Not unless they get balled out like they always do.
When AOC and Ben Shapiro agree…. you know who the real enemy is.
LOOOOL
@Joshua Brewster yeah bens funded by billionaires with private hedge funds that donate to right wing pro propaganda that will push fake crazy stories that favor there views..
@Rural Village nobody gives af about corn
@Reflicul Ollorhc There are no heros or villains, just people.
Ted Cruz too
Itโs called GAMESTOP. Gotta love the irony of it.
Power to the Players…
Also Robinhood is robbin the hood
@jagir well, they steal from the poor to give to the rich
Its kinda like Kingslanding
That is actually no coincidence
in every trade there’s a winner and a loser. this is the 99% trying to turn the 1% into the losers.
@Dan Hentes
I would recommend still diversifying ur holdings. . Make the smart play.
And the 99% have as much right as the 1% to win! Lets face it! The stock market is a gamble, and these billionaires know it! They are playing very risky games, and they definitely manipulate the market. It’s not good or healthy for the majority of the wealth to remain with the 1%, especially when the 99% are playing the same game, with less to start with! Now we see how far people at the top will go to keep others at the bottom. I only started investing this last year, encouraged by my son. He is the one that got several of us to use Robinhood! Robinhood screwed us all today! To say I’m livid is an understatement. Do you think anyone would run to our rescue to bail us out? Hell No. They don’t GAF if we lose our money. I think some of these arrogant wealthy people, who have gained hundreds of billions, possibly trillions, off of the pandemic, should see what it’s like to live in the real world!
And being screwed over in the end, since the Hedge Fund companies bought off Robinhood and made them lock down the 99%.
Really itโs the small 20% vs the top 80%
Join in
HOLD THE LINE. Do not sell, call their bluff.
I’m ignorant of these things, any way I can find information on how these things all work and where to start?
@MooN download the app, buy, don’t sell
Correct. They will short it again just at a higher price. Short selling should be banned.
Brenda, that’s the worst possible advice. The stock is inflated. You’re going to see a collapse in the stock price. This is just an adolescent exercise.
@Chris A how so? If the deadline hits, the short sellers have to buy back the stock to give back to whom they borrowed from, yes it will collapse after stocks are retrieved. You can still buy them.
I smell lawsuits for Robinhoods action to restrict purchasing shares of GME.
YEP its called CLASS ACTION. Wait and then go file claim.
Yep class action. They canceled my purchase
Watch for clamor of the worst human beings (class action law firms). Shop them on fee structure. Then register compliant on their website
Interactive Brokers as well.
They tweeted: “Interactive Brokers has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets. In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice.”
@ูุชููุช ุงูุณุงุฎู Thanks for this info. I have an IB account that I haven’t used yet. Now it’ll remain that way.
When the poor people start losing money that’s their problem, but when the wealthy start losing money it’s the poor people’s problem.
“It’s only ok to manipulate the market when we do it.” -Multi-billion dollar corporations.
Rules for thee, not for me.
When poor people lose money, poor people are “irresponsible”
When rich people lose money, the poor people are responsible.
What’s next is $RYCEY (Rolls-Royce) It’s another stock we need to buy up, it’s one of the most shorted stocks of this year.
We need to cause more panic for the elite’s, time to send a message!
We need to spread this message!
Responsible poor people cause rich people to lose money.
Poor people aren’t buying stocks. Poor people are trying to put food on the table and keep a roof over their heads.
@Javier Lopezquiroz … This will teach you, if rich people have to depedent on government, that’s a clear sign of far from capitalism and rely on bail out money.
The government wouldn’t help the average Joe when he/she lost their job, homes, etc during a pandemic, so the average Joe gave a stimulus package to himself/herself. This is amazing!