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(1/n) The most prominent narrative from $GME and $AMC saga is the growing populism/“David vs Goliath” story.
As with any narrative it’s important to identify who’s promoting the narrative, and how they may be benefitting.
Let’s take a look.
As with any narrative it’s important to identify who’s promoting the narrative, and how they may be benefitting.
Let’s take a look.
(2/n)
Let’s start simple with some classic political framing:
@AOC, @tedcruz - Benefit from firing up their base, show they’re on the side of the “little guy”.
Wall Street = bad is always an easy way to score cheap political points. Story as old as time.
Let’s start simple with some classic political framing:
@AOC, @tedcruz - Benefit from firing up their base, show they’re on the side of the “little guy”.
Wall Street = bad is always an easy way to score cheap political points. Story as old as time.
(3/n)
Next let’s look at Silicon Valley:
@chamath Who is the easiest target to pitch his shitty SPACs on to? Or to dump his shares onto before his company announces a secondary? Retail investors.
“No it’s those other billionaires screwing you, not me, I’m on your side”
Next let’s look at Silicon Valley:
@chamath Who is the easiest target to pitch his shitty SPACs on to? Or to dump his shares onto before his company announces a secondary? Retail investors.
“No it’s those other billionaires screwing you, not me, I’m on your side”
(4/n)
How about corporate America?
@elonmusk and @tobi. Great time to further your agenda against those pesky short sellers that just happen to be the ones to call you on your bullshit. “Why do they hate INNOVATION? Buy MY stock to stick it to them.”
How about corporate America?
@elonmusk and @tobi. Great time to further your agenda against those pesky short sellers that just happen to be the ones to call you on your bullshit. “Why do they hate INNOVATION? Buy MY stock to stick it to them.”
(5/n)
While I don’t question his authenticity here, it’s another marketing/branding opportunity for @stoolpresidente. But if he really wanted to help he wouldn’t give terrible financial advice on a situation he doesn’t fully understand.
While I don’t question his authenticity here, it’s another marketing/branding opportunity for @stoolpresidente. But if he really wanted to help he wouldn’t give terrible financial advice on a situation he doesn’t fully understand.
(6/n)
Last but not least, /r/WSB traders. While many are genuine, just misguided, they have the biggest need for this narrative to continue. Grow the the buying pool to find the greater fool to dump your shares onto. All in the name of sticking it to the big, evil hedge funds.
Last but not least, /r/WSB traders. While many are genuine, just misguided, they have the biggest need for this narrative to continue. Grow the the buying pool to find the greater fool to dump your shares onto. All in the name of sticking it to the big, evil hedge funds.
(7/n)
Some harsh reality: when the party stops, as always, it will be common folk who get hurt. Sure a few hedge funds took a bath this week, but they’ll emerge fine.
If you are thinking about joining in the “fight against Wall Street”, you are the target.
Some harsh reality: when the party stops, as always, it will be common folk who get hurt. Sure a few hedge funds took a bath this week, but they’ll emerge fine.
If you are thinking about joining in the “fight against Wall Street”, you are the target.
