But if individual traders educate each other and use their combined strength to focus on good companies , with strong prospects, the power shifts from wall street to main street, particularly now that Direct Listings are changing the IPO game. Thoughts ? Comments ?
70 FUCKING BILLION.
A lot of this went to other hedgefunds who preyed on their competitors.
But a lot also went to ordinary people who needed a break.
This is one of the biggest redistributions of wealth in recent decades.
reuters.com/article/us-ret…
One of the things I miss most during the lockdowns is going to the movies. When $AMC theaters open up, I’m going to be living at them. And buying tons of pop corn 🍿 and fountain sodas 🥤 . Deep fucking value.
This is a once in a lifetime historical event. It's insane.
At least 1 hedgefund has gone bankrupt, thanks to a group of average joes on Reddit. By the end of the week, there will be a line of bankruptcies.
So let's start at the beginning: