Stock Market update: Everybody panic!

Torvald Von Mansee · 01-29-21, 11:11 AM

You guys MUST be aware of this...

Anyway, here's my lame summary:

The subreddit /r/wallstreetbets decided to buy into a stock, GameStop (GME?), that someone realized some hedge funs had severely shorted. The stock has since skyrocketed in value, I think over 1000% in value, and now those hedge funds are currently on the hook for like $70,000,000,000.

Wall Street then proceeded to show how corrupt they are. Some platforms which allow you to buy/sell stocks suddenly wouldn't allow you to buy GME stock. Some people reported that not only could they not buy GME stock, but they would be locked out of their accounts and when they could access their accounts, again, they found some of their buy orders of GME stock had been cancelled.

01-29-21, 11:11 AM	#8
Torvald Von Mansee Sea Lord Join Date: Apr 2006 Location: CA4528 Posts: 1,676 Downloads: 3 Uploads: 0	No /r/wallstreetbets/GameStop thread? Really? You guys MUST be aware of this... Anyway, here's my lame summary: The subreddit /r/wallstreetbets decided to buy into a stock, GameStop (GME?), that someone realized some hedge funs had severely shorted. The stock has since skyrocketed in value, I think over 1000% in value, and now those hedge funds are currently on the hook for like $70,000,000,000. Wall Street then proceeded to show how corrupt they are. Some platforms which allow you to buy/sell stocks suddenly wouldn't allow you to buy GME stock. Some people reported that not only could they not buy GME stock, but they would be locked out of their accounts and when they could access their accounts, again, they found some of their buy orders of GME stock had been cancelled. __________________ "You may not be interested in war, but war is interested in you" - Leon Trotsky Last edited by Torvald Von Mansee; 01-29-21 at 11:26 AM.