they got a new subreddit
i’m really rooting for these fuckers at this point 🚀🚀🚀
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“I honestly just need to know theres someone out there still telling me to hold”
is this 🚀 class solidarity
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hmmmm 🤔
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i lied look at this trash lying-through-their-teeth statement
holy shit they're just looking out for us guys
us little people thanks robin hood
blog.robinhood.com/news/2021/1/28
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lim thread, click through for the whole thing twitter.com/liminal_warmth
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mor thredd
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There is no shortage of takes about what's going on with Gamestop (and other surging stocks), Robinhood and Reddit's r/wallstreetbets, many of them contradictory - at least on the face of them. But I think it's possible for most of these takes to be right. Here's how.
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once again i am asking the rich tech people of twitter to offer to financially compensate anyone who loses their job for doing the right thing (, , hell why not)
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hmm y’all have a point there’s a plausible case that this is fake. psyops all around
meanwhile:
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hmm
this generated a vague thought i'm having trouble putting into words about the internet as the global brain, something something information cascades, something something system-wide updates
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(running in exhausted)
OK I'm here I have the take
The actual story of Gamestonk isn't that Redditors figured out how to do financial mayhem
It's that we're learning how to Do Reflexivity and just wait until this starts to happen to political campaigns
alexdanco.com/2021/01/28/r-w
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matt levine gamestop column number... 4? 5? i lost count
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I really think at this point it calls upon the regulators to consider simply suspending this newsletter for a month and stop sending it. bloomberg.com/opinion/articl
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hmmmm thred
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So @aoc is right to ask how it can be that Robinhood stopped its clients from buying certain securities. And what she'll find is that the reason is that Dodd-Frank requires brokers like RH to post collateral to cover their clients' trading risk pre-settlement.
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dang really looking like this is a more boring story than it appeared. hmm. credit risk eh
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Hopefully I can put out this newsletter to add some sanity, and most of all, some kindness back in this market. bloomberg.com/opinion/articl
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