The Internet Is Mocking The ‘Poor’ Millionaires That Are Losing Money In Their Hedge Funds By Telling Them To Just ‘Work Harder’ (52 Pics)
Call it a Reddit Rebellion or Occupy Wall Street: Reddit Edition, but what we’re now witnessing in the stock market is rather, let's put it this way, “unprecedented.” A small group of Reddit traders from r/WallStreetBets sent GameStop shares soaring, causing billions in losses to billionaire Wall Street investors.
At this point, the GameStop turmoil has far exceeded the walls of the online forum and got the White House monitoring the situation. Meanwhile, amid outcry over limiting GameStop trades, the brokerage app Robinhood is about to reopen “limited buys” again this Friday.
And just a day ago, a Reddit trader penned this viral open letter explaining the real motives behind the group’s resentment for the Wall Street giants. Turns out, they’re not backing down. Did someone say something about 2021 being "boring?"
But the GameStop frenzy has not only shed light on the imbalance of power we see in this world, but has also sparked some of the funniest jokes, memes, and puns on the way. Because in the end, no matter who wins the mad stock fury, the small people of Reddit, or the rich and powerful guys, at least we got something to add to our beloved comedy department.
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The common man is just playing the same game they've played for years. Wall Street doesn't like that the common man is beating them at it.
Previously, Bored Panda reached out to a banking expert and independent investor who preferred to stay anonymous to find out more about the current frenzy in the stock market.
The investor said that sharks in Wall Street hedge funds smelled blood and tried shorting (betting against) GameStop’s stock. What happened is that they “underestimated the sheer volume of small individual investors who have easy access to markets thanks to apps like Robinhood, eToro, etc. and can share their intentions via social networks.”
Most importantly, this unprecedented case of the success of online forum-bred traders indicates that “the age of individual investor (as opposed to institutional) is not over just yet."
hedge fund managers "honey pack up the kids, we have to leave our 5,000 sq ft mansion into an 1800 sq ft shack with the peasants."
Never in my almost 40 years either. And I like it. I don't have a dog in this fight but I am cheering for the Reddit side. F**k the banks and brokers. They f****d us enough and now it's their turn.
Even though nobody can be sure about the future of GameStop at this point, the independent investor believes that it depends on how well they manage “this tsunami of electronic entertainment."
What may happen is that “an influx of funds might allow GameStop to reinvent their business model and concentrate almost purely on digital sales and remote deliveries.” They may also leave “a few brick-and-mortar places for that authentic old-school experience.”
But right now, get your popcorn, kiddos. The stock entertainment buzz is still airing and there’s no end on the horizon just yet.
LOL! I'm a boomer but that "make coffee at home" crap really pissed me off. I'm glad to see it getting thrown back at the assholes.
Yeah, and keep imagining it because it's never gonna happen in the real world.
You can sell it, you just can’t buy more. Which is fine I guess because it’s not like you’d be averaging down. You either got in by now or you didn’t.
You can literally bet on it. It’s a literal actual game, and you can even make side bets like in a casino.
You're a rich dude that sells something you borrowed, because you thought you could buy it back later way cheaper and earn money off it. But many other people (with less money) buy a lot of the thing you sold, and now it's very expensive to get back. It wasn't yours so you're forced to buy it back for way more money. And now you, as a spoiled rich guy, lost a lot of money. You are not used to this, especially because the 'little' man is the cause of your loss... Now you're crying like a big baby because 'it's not fair'......
I guess they'll have to "pull themselves up by their own boot straps" ... (do Ferragamo loafers have straps?)
As if the hedge fund managers now suddenly are the poor suffering people, they themselves always told people that they should stop being poor. And if they are, than here's some advice: "Stop being poor."
What Jedi is that in the profile pic or is it just the dude making the post but with a lightsaber
yea this pissed me off when this dies down I'm selling and going to a different company. I didn't buy any gamestop stock cuz didn't hear about it until it was too late which i'm glad because I would've gotten it through robinhood and been screwed. F**k them too
No worries. We know it’s rigged and we know how to play the game now. Your move!
to modify a popular movie series tagline... "Buy or sell, make your choice."
"GameStop is soaring because of me! You didn't see these numbers when Obama was president because he was a loser! Game Stop is a winner like me! You wouldn't see these great numbers under a Democrat! Game Stop pulled their stores out of blue run states because of fraud and lies! They are only in red states now who voted for me in the best election ever and are rewarded for it! Covfefe."
Hou take your sister's iPhone from her room while she's asleep. You sell that iPhone to some dweeb down thw street for $500. Before your sister wakes up, the dweeb's parents find out and force him to sell it back. You offer to buy it $100, and he grudgingly accepts. You sneak the iPhone back into your sister's room and you walk away with $400.... That's called "shorting"... What happened with GameStop was that the "dweeb" you sold the phone to figured out it was your sister's phone and if you don't get it back to her room before she wakes up she's going to kill you. Grinning from ear to ear, he offers to sell it back for $1000. And, because you want to live, you paid it.
Confirmation bias leads to lots of people being overconfident in their ability to predict the future...
Quite frankly, if you have enough money to have it in a hedge fund, you can afford to lose some money waaaaay more than,s ay, the other 300 million Americans....
Here’s the thing about hedge funds: they are *known* to be dangerous. It is *known* that they employ riskier practices. In fact, it is so well known that not just anyone is allowed to be in a hedge fund. By law, you have to prove that you have enough money/assets so that even if you lose every penny you invest in the hedge fund, it won’t ruin you. So I can understand how this would ruin the hedge funds themselves, but any investor in those funds who’s claiming it ruined them is either lying now or was lying when they first invested.
Honestly, what are they crying about? They're still rich, and they're probably going to make all of the money they lost back within a few years.
Listen: F*ck the crooks at Wall Street, f*ck people who survive off the failures of others, f*ck the 1%, and ESPECIALLY f*ck those who prey off the poor.
Thing is, (but first, Absolutely f**k Wall Street), a lot of other products depend on hedge funds. Pension funds, for example. It's not solely hitting rich guys, it's hitting the average guy who squirrels away a few bucks for his retirement, too. Now, pension funds will spread their investments across several instruments so, if one fails, it's not a catastrophe. But if several fail, grandpa loses his house. So, yes, absolutely do it now and again to give them a kick in the balls, which might actually lead to tighter regulation, but do it all the time and everyone will suffer.
Today mind you I am 50. I actually know what a hedge fund is and how it works. Hooray for the working man for teaching me
How is this NOT a pump and dump? Look at the whole picture. That sub reddit was started by a Hedge Fund Manager
Dear hedge fund manager. Gamers are good with technology and a bit rebellious. Probably dont expect them to be quiet about stuff... But then you know that right...?
Sadly, all of these hedge fund guys are incorporated and their own personal fortunes are safely tucked away. Hedge Fund Guy will still die a rich man while Hedge Fund Guy LLC writes off all of his losses and the rest of us pick up the slack.
Too bad about the people who have their 401Ks invested in those Hedge Funds huh?
The stock market is entirely "pretend". Hopefully, everyone is getting to understand just how fake and contrived the whole thing is. Stock markets are based on theoretical values of companies. Depending on how many people buy into the hype, the value of a company goes up, or if lots of people sell stock, it goes down. It has nothing to do with the actual business. Bitcoin is a great example of how this works. Bitcoin doesn't really have any value of its own, but if lots of people decide they want it, the value can skyrocket. Until now, it's always the people who are already rich that get richer. There isn't an endless amount of wealth to go around, so if some people use the stock market to get mega-rich, you can be sure that somebody is getting poorer as a result.
It's only funny if you have no clue what's happening. Whose money do you think is being lost here when the fat lady stops singing? YOUR MONEY, YOUR PENSION, still funny? It's a scam, they talked people into "grass-roots" investing to make a quick buck and accidentaly destabilized the markets as a side effect. This has nothing to do with big vs. small, you weekend-Che Guevaras. It's a scam so a few could manipulate a stock price and make money by unnecessarily forcing the shorters to cover a completely legitimate position. Yeah let's force a short-squeeze on a worthless stock, what can go wrong. I really hope at least a few of the small investors made a buck, because it sure wasn't a hedge fund that was still buying shares at 450 bucks.... and if you dont know what I mean, you really shouldn't dabble in the markets. If you're one of those who sold at 500.-- congratulations you screwed someone over by selling them your shares.
Too bad about those people who have their 401Ks invested in those Hedge Funds huh?
INVEST NOW. There’s no time like the present, losers. Whether it’s $1000 or $50000, get some money in the markets and STOP FUÇKING WITH THE BANKS. All this hype is really for nothing. Two weeks from now we’ll have a whole new news cycle. Anyone remember the insurrection? Yeah me either. Two weeks and this will be a memory and you’ll still be ugly with no money in the market. But you can change that! Stop letting these rich people tell make you THINK you aren’t part of this. You’re a part of whatever you want to be a part of. Buy something! Even if you only get a 1% return, is that not more than what you get from the lousy bank? Be mad at hedge funds, I feel you. But remember your real enemy is the bank who charges YOU to borrow YOUR OWN MONEY. No, Pandas. Don’t be that.
Quite frankly, if you have enough money to have it in a hedge fund, you can afford to lose some money waaaaay more than,s ay, the other 300 million Americans....
Here’s the thing about hedge funds: they are *known* to be dangerous. It is *known* that they employ riskier practices. In fact, it is so well known that not just anyone is allowed to be in a hedge fund. By law, you have to prove that you have enough money/assets so that even if you lose every penny you invest in the hedge fund, it won’t ruin you. So I can understand how this would ruin the hedge funds themselves, but any investor in those funds who’s claiming it ruined them is either lying now or was lying when they first invested.
Honestly, what are they crying about? They're still rich, and they're probably going to make all of the money they lost back within a few years.
Listen: F*ck the crooks at Wall Street, f*ck people who survive off the failures of others, f*ck the 1%, and ESPECIALLY f*ck those who prey off the poor.
Thing is, (but first, Absolutely f**k Wall Street), a lot of other products depend on hedge funds. Pension funds, for example. It's not solely hitting rich guys, it's hitting the average guy who squirrels away a few bucks for his retirement, too. Now, pension funds will spread their investments across several instruments so, if one fails, it's not a catastrophe. But if several fail, grandpa loses his house. So, yes, absolutely do it now and again to give them a kick in the balls, which might actually lead to tighter regulation, but do it all the time and everyone will suffer.
Today mind you I am 50. I actually know what a hedge fund is and how it works. Hooray for the working man for teaching me
How is this NOT a pump and dump? Look at the whole picture. That sub reddit was started by a Hedge Fund Manager
Dear hedge fund manager. Gamers are good with technology and a bit rebellious. Probably dont expect them to be quiet about stuff... But then you know that right...?
Sadly, all of these hedge fund guys are incorporated and their own personal fortunes are safely tucked away. Hedge Fund Guy will still die a rich man while Hedge Fund Guy LLC writes off all of his losses and the rest of us pick up the slack.
Too bad about the people who have their 401Ks invested in those Hedge Funds huh?
The stock market is entirely "pretend". Hopefully, everyone is getting to understand just how fake and contrived the whole thing is. Stock markets are based on theoretical values of companies. Depending on how many people buy into the hype, the value of a company goes up, or if lots of people sell stock, it goes down. It has nothing to do with the actual business. Bitcoin is a great example of how this works. Bitcoin doesn't really have any value of its own, but if lots of people decide they want it, the value can skyrocket. Until now, it's always the people who are already rich that get richer. There isn't an endless amount of wealth to go around, so if some people use the stock market to get mega-rich, you can be sure that somebody is getting poorer as a result.
It's only funny if you have no clue what's happening. Whose money do you think is being lost here when the fat lady stops singing? YOUR MONEY, YOUR PENSION, still funny? It's a scam, they talked people into "grass-roots" investing to make a quick buck and accidentaly destabilized the markets as a side effect. This has nothing to do with big vs. small, you weekend-Che Guevaras. It's a scam so a few could manipulate a stock price and make money by unnecessarily forcing the shorters to cover a completely legitimate position. Yeah let's force a short-squeeze on a worthless stock, what can go wrong. I really hope at least a few of the small investors made a buck, because it sure wasn't a hedge fund that was still buying shares at 450 bucks.... and if you dont know what I mean, you really shouldn't dabble in the markets. If you're one of those who sold at 500.-- congratulations you screwed someone over by selling them your shares.
Too bad about those people who have their 401Ks invested in those Hedge Funds huh?
INVEST NOW. There’s no time like the present, losers. Whether it’s $1000 or $50000, get some money in the markets and STOP FUÇKING WITH THE BANKS. All this hype is really for nothing. Two weeks from now we’ll have a whole new news cycle. Anyone remember the insurrection? Yeah me either. Two weeks and this will be a memory and you’ll still be ugly with no money in the market. But you can change that! Stop letting these rich people tell make you THINK you aren’t part of this. You’re a part of whatever you want to be a part of. Buy something! Even if you only get a 1% return, is that not more than what you get from the lousy bank? Be mad at hedge funds, I feel you. But remember your real enemy is the bank who charges YOU to borrow YOUR OWN MONEY. No, Pandas. Don’t be that.
