Gabu!! ☁️ ΘΔ

@gabu

BARK BARK BARK!!! am dog!

he/him
gabu.dog/

samoyed taur / 32 / ΘΔ
i stream on twitch!! (sometimes???)

woof woof woof

fursuit head by AlphaDogs

pfp by BeetleYeen

🐕 mastodon

chitter.xyz/@gabu

📺 twitch

twitch.tv/gabubarks

🎨 furaffinity

furaffinity.net/user/wildgabu

💾 github

github.com/gabubarks

Gabu!! ☁️ ΘΔ @gabu6/12/2024, 9:37 AM

Birdout: Paradise @SomeEgrets

Ryan C. Gordon @icculus6/12/2024, 2:45 AM

Explain this to me like I’m five:

Keith Gill (Roaring Kitty, /u/DeepFuckingValue) vanishes for three years, then shows up with call options on GameStop that make him significant money if the stock is worth more than 20 dollars ten days from now. He does a livestream on YouTube to talk about how he still believes in the stock, knowing the last time he did this, an army of retail traders, on his advice, drove the stock to hundreds of dollars per share. Just him posting on Twitter at all made the stock almost quadruple.

How is this not market manipulation?

Birdout: Paradise @SomeEgrets6/12/2024, 8:57 AM

follow-up question

how is this the entire basis for our global economy

You must log in to comment.

in reply to @icculus's post:

JP @vectorpoem6/12/2024, 2:50 AM

my unscientific answer is that the past 5 years have amply demonstrated that market manipulation enforcement is arbitrary and vibes-based.

Ryan C. Gordon @icculus6/12/2024, 3:08 AM

It’s like Elon Musk tweeting that he was going to fund a rocket launch with Dogecoin, whatever the hell that means, other than he wanted Dogecoin’s value to increase so he could cash out.

JP @vectorpoem6/12/2024, 2:22 PM

yeah cryptocurrency as a whole is like a mildew that has sprung up in the dark places where our regulatory systems are completely asleep or otherwise nonfunctional. and being rich from existing "legitimate" business is an added layer of protection, which musk (though certainly not only him) understood and took full advantage of.

Dragaroth @Dragaroths-hideaway6/12/2024, 5:14 PM

I'm going to be completely honest if it results in another round of wall street making realized losses and another hedge fund office closing idc

Ryan C. Gordon @icculus6/13/2024, 3:03 AM

A fair point. :) But also I liked Roaring Kitty better when he presumably caused this phenomenon by accident the first time. This go-around feels pretty dirty to me, and it won’t just be hedge funds losing their shirts…it’s going to be normal people that fall for the Diamond Hands memes.

Dragaroth @Dragaroths-hideaway6/13/2024, 2:21 PM

OH fully understand/agree.

but i can put hope towards the same outcome, while still going "eugh" at the much more negative starting point. If a bastard kills a larger bastard we still net the positive.

in reply to @SomeEgrets's post:

Tamber @tamber6/12/2024, 2:04 PM

"This is clearly a terrible solution, but it makes some rich people an awful lot of money, so who's to say if it's bad or not actually", the economic system

Pinned Tags