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/biz/ - Business & Finance


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28273717 No.28273717 [Reply] [Original]

WSB Didn't cause the "squeeze" They don't have enough capital too. They were blamed for it though.. Who did and how? Was it the Clearing houses? Why did this happen?

>> No.28274087

>>28273717
beijing regulators dont exactly love melvin capital -- they got in trouble for shorting some glorious harmonious stonks in HK or possibly shenzen but I think it was HK.

all btc dumps have been from chinese mining pools, meanwhile tencent acquires the entire virtual world free to play market.

it's just a massive outflow of capital from west to east as far as I can see.

not to mention the entire market movement is dictated by some novel cold virus

basically this is what WW3 looks like, or the start of it anyway.

>> No.28274209

>>28273717
>Who did and how?
The funds which weren't shorting GME. BlackRock and others.

>> No.28274297

>>28273717
GME holders moving to OXEN

AMA

>> No.28274305

>>28273717
Decentralized autism causing a hysterical shitstorm financial sector edition.

>> No.28274466

>>28274209
Why did they place the blame on WSB though? If it was BlackRock and others why stay in the shadows about it?

>> No.28274582

>>28273717
Let's be real they probably did absolutely nothing. This guy with the big gains created a cult of bagholders while he cashed out big time. He probably knew it since last year when he baught his calls. The thing is he knew back then how heavily shorter gme was, he didn't outsmart big players they obviously knew as well. The pump would have happened without the reddit cult but it catched the attention of the news and so they get the crown for holding worthless stocks. Meanwhile hedge funds made billions of off the pump two weeks ago.

>> No.28274619

>>28273717
I have no idea why I fell for the GME and AMC meme but I did want to prove myself that this was a meme so I can prevent myself from another 2017 perpetually.

>> No.28275006

>>28274466
Because it's easier to warn normies not to try opposing their economic elite betters by scapegoating anything poor people do to try to make money as dangerous (see: Weed still not federally illegal while the richest teenager in the world inherited a tobacco dynasty that's killed hundreds of thosuands)

>> No.28275407
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28275407

>>28273717
Nice 206% institutional ownership of shares Moshe

>> No.28275956
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28275956

>>28275407

>> No.28276966

>>28273717
the largest shareholders thru all of this were blackrock vanguard and fidelity. recently rc ventures disclosed 9 million shares and has surpassed fidelity in stake.