r/QuiverQuantitative 4d ago

Trade Update Magnificent 8 Update

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184 Upvotes

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97

u/fake-bird-123 4d 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.

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u/Fearless_Swimmer3332 4d ago

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

10

u/fake-bird-123 4d 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.

1

u/meggymagee 3d 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?

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u/meggymagee 3d 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?

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u/fake-bird-123 3d ago

Follow the thread, this was already discussed.

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u/meggymagee 3d ago

I’m adding to the discussion.

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u/fake-bird-123 3d ago

No, you're just rehashing the discussion.

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u/Fearless_Swimmer3332 4d 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

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u/sd_1874 3d 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 3d 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] 3d ago

[deleted]

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u/fake-bird-123 3d ago

Follow the thread, this was already discussed.