Read on Twitter
/1
are you wondering what all this talk about the Gamestop ( $gme ) is about?
let me try and summarize it for you,
@Gamestop was apparently the most shorted stock in the market,
a chad CEO steps in and there is renewed faith in the company,
are you wondering what all this talk about the Gamestop ( $gme ) is about?
let me try and summarize it for you,
@Gamestop was apparently the most shorted stock in the market,
a chad CEO steps in and there is renewed faith in the company,
/2
Short sellers begin to get squeezed and a company named Citron Research publishes this tweet: https://twitter.com/CitronResearch/status/1351544479547760642
Short sellers begin to get squeezed and a company named Citron Research publishes this tweet: https://twitter.com/CitronResearch/status/1351544479547760642
3/
this angers the members of a subreddit known as /r/wallstreetbets who believe Citron and friends are wrong about the stock.
/r/wsb clearly had a bone to pick with hedge fund bros,
this angers the members of a subreddit known as /r/wallstreetbets who believe Citron and friends are wrong about the stock.
/r/wsb clearly had a bone to pick with hedge fund bros,
4/
one of the subreddits mods posted this message
"What I think is happening is that you guys are making such an impact that these fat cats are worried that they have to get up and put in work to earn a living,"
one of the subreddits mods posted this message
"What I think is happening is that you guys are making such an impact that these fat cats are worried that they have to get up and put in work to earn a living,"
5/
members of the 2m member sub start buying up $gme and short sellers have no more stock to short.
@chamath joins the party and adds fuel to the fire; https://twitter.com/chamath/status/1354089928313823232
members of the 2m member sub start buying up $gme and short sellers have no more stock to short.
@chamath joins the party and adds fuel to the fire; https://twitter.com/chamath/status/1354089928313823232
6/
@elonmusk takes @chamaths fuel and uses it for a rocket ship
https://twitter.com/elonmusk/status/1354174279894642703
@elonmusk takes @chamaths fuel and uses it for a rocket ship
https://twitter.com/elonmusk/status/1354174279894642703
7/
and, $gme currently trades at $209
that's approx $200 over analysts expectations.
so what do we take away from this?
and, $gme currently trades at $209
that's approx $200 over analysts expectations.
so what do we take away from this?
8/
the best i can muster is that social media rules financial markets now.
$gme has been the tipping point.
there is no telling where we could go from here ...
the best i can muster is that social media rules financial markets now.
$gme has been the tipping point.
there is no telling where we could go from here ...
9/
Companies are placing crypto on their balance sheets.
8 bit pixels are selling for close to $1m and
billionaire bad boys are single handedly moving markets with their social influence.
it looks like we are in a new world.
please remember to take profits.
/fin
Companies are placing crypto on their balance sheets.
8 bit pixels are selling for close to $1m and
billionaire bad boys are single handedly moving markets with their social influence.
it looks like we are in a new world.
please remember to take profits.
/fin
