Investing, Stock Market and Retirement Planning Thread

[NTP66]

What did Chamath say...?

Hopefully it's transcripted, because he is just going to town on this dude. He's calling them out for basically never calling out wall street, etc. The host just has no defense.

[skullman80]

He is shredding this host.

[NTP66]

hahaha, now he's calling out the previous host, too. This is gold.

[shafnutz05]

[MalkinIsMyHomeboy]

the legal fallout from all of this is going to be incredible


potential regulation changes, reddit and other internet communities getting slapped, class actions against brokers who are restricting trading, etc.

[NTP66]

Slapped for what? I refer you to Shyster to call that bullshit.

[Dickie Dunn]

I’m all for **** the system. Spent almost 10 years working for a investment manager that barred employees from owning individual stocks while the company founder spent all day managing a $100MM “hedge fund” that was 90% family money. The rules of the game are rigged in favor of those who already have moneyS

[King Colby]

There's nothing wrong happening on reddit. Its people discussing publicly available information

[MalkinIsMyHomeboy]

Slapped for what? I refer you to Shyster to call that bullshit.

market manipulation, idk. rich people can hire lawyers to figure something out

saying r/WSB is going to get away with this without ANYTHING changing is...really dumb

[NTP66]

This isn't market manipulation. I'm saying that Reddit isn't going to be punished for this. That's absurd.

[MalkinIsMyHomeboy]

This isn't market manipulation. I'm saying that Reddit isn't going to be punished for this. That's absurd.

https://archive.md/20210126173141/https ... stop-rally

[NTP66]

I've read the article. It's rubbish.

[willeyeam]

i look forward to seeing "wallstreetbets" get sued

[skullman80]

The simple fact is wallstreet and the big boys don't like when the little guy outsmarts them and makes more money. Period.

[Troy Loney]

It's defininitely market manipulation, but I have no idea how anyone could apply the current rules to this sort of clan of retail investors. But if I were one of those folks making a big bet early, I'd be expecting some investigators to come knocking

[willeyeam]

maybe there's an argument against one of the first people to post about this that they influenced it, that's about it imo

[mikey]

MIMH stop being wrong for a minute and buy $AMC...

[willeyeam]

yeah, troy

[NTP66]

MIMH stop being wrong for a minute and buy $AMC...

[MalkinIsMyHomeboy]

The simple fact is wallstreet and the big boys don't like when the little guy outsmarts them and makes more money. Period.

I'm not disagreeing with this but the big boys are going to do everything they can do legally to make sure they get the little guy back

[NTP66]

Like what?

[MalkinIsMyHomeboy]

Like what?

more restrictive rules about what can be posted

I know the joke is "LOL HOW CAN YOU SUE r/WALLSTREETBETS" but you're an idiot if you think that's what I'm saying. the SEC is going to put pressure on reddit, the company, and reddit is going to stamp down on the sub to make sure they're compliant

[mikey]

They already have the power to manipulate the market...in fact, that's exactly how we got here. This is the response. I'm not saying that nothing will come of this...but this whole "I'll tell my daddy" pant-leg pulling is trash...

[NTP66]

lol, so you want them to restrict speech.

[NTP66]

You kill the sub, a new one gets created the next day.