/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

[Revo]

We did it, reddit!
We reached 100 pages in just 2-3 days.

 

[Meat Target]

Even selling your stock for you is covered in the TOS. It's going to be hard as fuck fighting this in court.

I knew getting them via lawsuit sounded too good to be true.

 

[Spooky Doot Skelly]

zero liability over your choices in the market

It's this

 

[muh_moobs]

buying physical

As in purchasing the actual silver and walking away with it, correct?

 

[Desktop User2]

I'm not a finance expert but from my understanding:
There are about 70 million $GME (gamestop) shares in existence and there are a bit more than 52 mil in the market. $GME has been shorted for about 120%. Current price is 240$ and the break even for the shorts was 20$. So the elites are vulnerable for a loss of about 50 000 000 * 120 * (240-20) = 1.3 * 10^12. (quick maths, don't quote me on this)
That is right. They are vulnerable for 1.3 trillion USD.
All on a retarded bet. This is brinkmanship with the economy at stake.

Edit: I am a retarded monkey
they are vulnerable for 13 728 000 000$

clearly skipped your Bar mitzvah.

 

[DeadFish]

Even selling your stock for you is covered in the TOS. It's going to be hard as fuck fighting this in court.

No one gives a shit about the law anymore. the wall street fat cats burned it. Too bad its a two way street now

 

[Stasi]

The normies I work with were talking about gme and they seemed worried the government would bail out the hedge fund. There was universal agreement that if they bailed them out after fucking over the american people with the covid lock downs torches and pitchforks would soon follow.

Optimistic I think, people are too gutless. Like null said during the election, too comfortable with their craft beer and tendies. If this was France a couple hundred years ago the guillotines would be out already.

 

[Laidho]

Fuckers, I was going to buy some Nokia this morning, but they locked me out from it. Bleh, going to uninstall Robinhood once this is all over.

 

[Blackhole]

>i reach 420 posts
>thread reaches 100
A good day for us all. Except the hedge funds.

 

[Zbk3VmLfujjzjxBd43tL]

So is Robinhood being set up to be Wall Street's fall guy?

 

[KimCoppolaAficionado]

Even selling your stock for you is covered in the TOS. It's going to be hard as fuck fighting this in court.

They can put that fag shit in their TOS, but if they're no-liability, actually acting on that in this way breaks federal law. TOS does not trump feds.

 

[BalthasarGelt]

>Caramelldansen on the GME Livestream

 

[Dafuqisdis?]

Even selling your stock for you is covered in the TOS. It's going to be hard as fuck fighting this in court.

That doesn't say anything about them being able to sell your stock.

It just saying that if anyone manages to log into your account and does something shady with your investments, tough titties.

 

[WinchesterPremium]

Even selling your stock for you is covered in the TOS. It's going to be hard as fuck fighting this in court.

Called it

 

[draggs]

Lolsuit doesnt matter, Robinhood is done. They're gonna hemorrhage users so hard.

 

[A shitty ass clover]

FREE MARKET ONLY FOR THE RICH

 

[Pope of Degeneracy]

I love what I'm seeing. Despite hedge fundie's best efforts, the internet is collectively saying in unison:

"I'MNOTFUCKINLEAVIN!"

 

[Bloody bunny]

The ride never ends.

 

[mindlessobserver]

Even selling your stock for you is covered in the TOS. It's going to be hard as fuck fighting this in court.

Actually this is saying that if you lose all your money because you are a negiligent dumb ass you can't sue them because its not their responsibility. This actually answers the question. Thy explicitly say in their TOS they have no Fiduciary responsibility over what you do on the platform. They are trying to pull a Twitter "We are a platform and are not responsible for what our users do. Except those people over there we don't like. Fuck those guys".

Its a bold play, but it worked for Twitter. Lets see how that works out for them.

 

[Rich Evans Apologist]

Over a trillion USD were printed and put into circulation in the last year. The dollar already has no buying power. The collapse is inevitable, this is pushing the accelerator pedal.

The greenback's still going to be the big-boy international currency, unlike the CAD$. All fiat currency experiences inflation and people printing shit into it. By the metrics of actual inflation, it's losing no more buying power than it uses on average year-by-year anyways. Fiscal policy wants it at 2%. By all means though, pick up some Yuan.

The $4tr that bailed out the banks after 2008 did jack dick to inflation, globalism makes inflation behave in a very different way from "I heard about weimar once in high school." The bailout was shitty and destabilizing for different reasons.

The point of having a portfolio is to have 'real' value you can later trade bits and pieces away of for shots of fiat currency to make purchases with. No-one with any braincells holds on to more fiat than is necessary for a nest egg and upkeep costs - the rest goes into stocks, paying off debt, payments on a home, so-on, and this has been how it works for eons.