Long ass thread

Okay, to dumb down this stock market thingy for y’all:

Robinhood is a an online brokerage firm that allows everyday people to have access to buy, sell, and trade stock to promote the inclusion of the “avg. joes” in the stock market.

GameStop is a company that was tanking really badly in the market as of recent. In 2007, the price of a share in GME was $67 (& some change) but come NYE of 2020, the price dropped to $18.84.

Melvin capital & other hedge fund companies (HF’s are investors who use high risk methods & invest into borrowed money or money that doesn’t exist—think inflation lowkey) betted on the tanking of GameStop which would then lead to $ in their pockets (idk how but I’ll find out lol)

A whole bunch of people on Reddit heard of this plan and decided they were going to take action to try to “save” GameStop from tanking using RobinHood.

Since the price was so low, thousands were able to buy hundreds of shares in GME which increased the share price DRAMATICALLY

Remember that $18.84 that one share was worth on NYE of 2020?? As of yesterday, one share was worth $321.14 and folks were STILL buying multiple shares playing these large elites at their own game! The same was happening for AMC and another company too!

The solution that Melvin Capital came up with so they could stop losing so much money was simply to buy back all these shares once the redditers put them back on the market, but that wasn’t their plan at all—in fact, they were holding onto these shares (which is completely legal)

Since redditers aren’t selling their shares and Melvin Capital is losing over 30% of revenue within their company because of this...what do rich people do when they see the poor rising up?? Dock em back down to the bottom. Melvin Capital (& other HFS) contacted folks at RobinHood

They closed the market so retail investors (poor ppl) can no longer buy shares within GME, AMC, (and one other I still can’t remember). This is 100% illegal! They’re manipulating the “free market” system that was intended to democratize the economy so everyday people could

Participate in the stock market so that they can save face and get their money back! Even worse for RobinHood, they’re actually SELLING people’s GME shares without their permission which is even MORE illegal cause:

1. You’re selling shit that isn’t yours
2. Negates the whole purpose of the app which was to take from the rich and give to the poor

Y’all are probably tired of this long ass thread, but in the end—what does this actually mean for the market, GameStop, etc...

For many of us, we knew the market was ran by elites this whole time, but this situation in particular is going to allow us to see how market elites

plan to hold other elites “accountable” for manipulating the system in the name of capitalism and free markets.

As for GameStop, AMC, etc.. we’ll just have to wait and see what these redditers are going to do, are they going to take the hand they’re forced and sell these shares

back into the market or continue to hold space?? Idk chile...

As for RobinHood, Melvin Capital, etc... THEY GOIN TO JAIL! DAT WAY jk when do the elites ever go to jail?! They’ll have to go to trial and Congress + WH are probably going to have to get involved since this is a

“threat to our freedoms blah blah”

but word on the streets is the WH actually was part of influencing RobinHood to close off selling shares too?? If they were, y’all can finally see Capitalism for what it is! These folks don’t give a fuck about you!!! LMFAOOOO

Capitalism ALWAYS bites the poor in the ass & was never about creating equality/opportunity!

If everything else in American history couldn’t have inspired a revolution, maybe this will?? Lol why am I joking, they’ll all be fine and we’ll still be fucked, but that’s the TEA!! BYE