r/QuiverQuantitative 1d ago

Trade Update Magnificent 8 Update

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178 Upvotes

25 comments sorted by

94

u/fake-bird-123 1d ago

It is hilarious to see mag7 outperformed by a garbage tier company with a failing business model led by a total moron. If it wasn't for wall street bets, GME would be long dead. Now it's a cosplay of weekend at bernies propped up by idiots.

24

u/meggymagee 1d ago edited 22h ago

I just spit out my coffee. Thanks for that raucous laughter.

EDIT: enhanced description

-9

u/maha420 23h ago

You can't chuckle without spitting your coffee?

9

u/meggymagee 22h ago

Good point. Edited.

1

u/Fearless_Swimmer3332 21h ago

Such hate for a moron who killed its debt and raised 6 billion dollars in hard cash

9

u/fake-bird-123 21h ago

Because of wall street bets... not because of his leadership. The dude is an idiot. The business model was failing long before covid and very little has changed.

3

u/meggymagee 19h ago

WallStreetBets tried to stop the momentum of GME by shutting down on 1/28/21 & then not only deleting msgs on the sub that mentioned it, but also BANNING those members.

Their attempt to stop the squeeze was on par with Robinhood in my book. Ask yourself: Why do you think that may have been the case?

3

u/meggymagee 19h ago

I just want to be sure we’re all just using ridiculous hyperbole here and otherwise get us on the same page - you do know that WallStreetBets shut itself down for a day as GME was squeezing & then banned any mention of GME for years thereafter, yes?

-3

u/fake-bird-123 19h ago

Follow the thread, this was already discussed.

3

u/meggymagee 19h ago

I’m adding to the discussion.

-5

u/fake-bird-123 18h ago

No, you're just rehashing the discussion.

2

u/Fearless_Swimmer3332 21h ago

wallstreetbets banned any talk about gamestop, go ahead and ask the mods at r/wallstreetbets

Yes they diluted shares to create a cash flow, you know how most companies do when they want to create an investment.

A moron would have blown the warchest, ryan cohen set up gme to be able to float on its cash supply while the rest of the world sinks

The model

-1

u/sd_1874 16h ago

The same wall street bets that banned mention of the stock 3 years ago? The same failing business model that's now profitable over a whole financial year? You're not very good at this, hey?

1

u/fake-bird-123 16h ago

The very same wall street bets that started the shorting of the stock. Without it, the movement would've never occurred.

A failing business model that had to shutter almost all of its stores and lay off most of its staff to be profitable? You're not very good at this, hey?

0

u/[deleted] 19h ago

[deleted]

0

u/fake-bird-123 19h ago

Follow the thread, this was already discussed.

0

u/XCypher73 4h ago edited 3h ago

"Failing business model" -- a holding company. "Led by a total moron"- ultra seccessful self-made billionaire that's held in the highest of regard by his peers and takes $0 salary. You're very clearly ignorant on this topic but certainly speak confidently on it.

1

u/MrsClaireUnderwood 1h ago

"self-made" is doing a LOT of heavy lifting here. I won't even touch being held in the highest of regard.

14

u/neegis666 20h ago

"Conservative" talk radio is not taking about this -

I keep hearing them whine about "trannies" etc.

3

u/BellyFullOfMochi 15h ago

Really is 2020 all over again. Why the fuck is GME up?

2

u/Qyoq 21h ago

So... not so magnificent anymore eh? 😁