GameStop: How a Bunch of 'Regular Folks' Took Down Wall Street's Biggest Players (and Made Billions Cry)
'So, my fellow Americans, you heard about this GameStop thing? It's like a real-life 'Game of Thrones', but with less dragons and more bankrupt billionaires. These Wall Street guys, they thought they could just crush a bunch of 'regular folks' – you know, the kind that watch Fox News and drink their coffee black – but they got a real rude awakening. It's like they forgot how much power the little guy has when they get angry.
Let me tell you how it went down. GameStop, right? It's this old video game store, hasn't been relevant since '8-bit Mario' was the hottest thing around. But these Wall Street guys, they thought, 'Hey, let's short this stock! It's going down, easy money!' Short selling, folks, it's like borrowing someone's car, driving it into a ditch, and then returning it to them with a big 'I'm sorry, not sorry!' You know, just like what these Wall Street guys did. They borrowed stock and sold it, hoping to buy it back cheap later. That's how they make their millions, folks.
But then, these 'regular folks', they're on this internet forum called Reddit – think of it like Facebook, but with more memes and less cat videos – and they see what's happening. They're like, 'Hey, GameStop! It's not just a store, it's a memory, a feeling! It's like the pizza place you went to with your friends in high school! We gotta save it!' And they decided to buy up as much GameStop stock as they could. They didn't care about the money, they just wanted to stick it to these Wall Street guys.
And guess what? It worked! The stock price went from like, $4 to $300! That's a 7,500% increase! It's like finding a hundred dollar bill in the washing machine, times a hundred. You know, it's like that time I won the lottery – or at least, it felt that way.
But these Wall Street guys, they weren't about to take it lying down. They tried to scare the 'regular folks' by spreading rumors, saying the stock was going to crash. But the 'regular folks', they held on tight. They knew these Wall Street guys were just trying to play them like a cheap piano. And that's when things got really crazy. One of the biggest trading platforms for 'regular folks', called Robinhood – yeah, I know, ironic name – they suddenly stopped letting people buy GameStop stock. You could only sell! What kind of game are they playing? It's like taking away a kid's ice cream cone and then telling them, 'No, you can't have it! But you can have this empty cone!' It was a real dirty trick.
And guess what? It turns out Robinhood makes money by selling their customers' data to these big hedge funds. And who was one of the biggest clients of Robinhood? Gabriel's company! So you see, the whole thing was a big scam. These Wall Street guys were trying to cheat the system, but the little guy fought back, and they're losing billions of dollars! It's like that time I told a joke and it wasn't funny – except, in this case, it's the billionaires who are crying.
But hey, just a heads-up, this GameStop stock is still super volatile. It's like a rollercoaster ride that doesn't have a safety bar – it could crash at any moment. So if you're not a seasoned investor, stay away from it. But if you're feeling lucky, go ahead and give it a shot. Who knows, you might just be the next 'regular folk' to make the billionaires cry. And that, my fellow Americans, is something to celebrate.'
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