/biz/ - Business & Finance

>>56285122
>Someone give me a rundown of the BBBY saga from beginning to now
1) in 2020 people were stuck inside their apartments and they were bored
2) people weren't spending money and also the government sent us extra money
3) lots of people who never saved/invested in their lives suddenly became interested in saving/investing
4) instead of sensibly investing their money in an S&P 500 ETF or something, people decided to invest in retarded stuff
5) thousands of retards bought stock in Gamestop, AMC theaters, and Bed Bath & Beyond
6) because of how accounting works, unprofitable brick-and-mortar retailers are still unprofitable no matter how many retards buy their stock
7) therefore Bed Bath and Beyond went bankrupt anyway, despite thousands of retards buying their stock
8) the retards who threw away thousands of dollars buying BBBY stock refuse to admit how retarded they've been, so they make ever crazier conspiracy theories to explain why their delisted stock in a bankrupt brick-and-mortar retailer will actually make them rich