Overleveraged short sales are also bad. The hedge funds wouldn't have been this exposed had they not sold more shorts than there existed shares.
And given the Redditors involved weren't "organized" and were merely making use of the information publicly available, it's hard to claim they were doing anything wrong. This is the invisible hand of the market, people making rational choices based upon the information available to them. The fact an online forum is involved is neither here nor there, as it could
FUBAR (Score:5, Informative)
When AOC and Ted Cruz are on the same side of the table you know things are seriously fucked up.
Re: (Score:3)
Not everything is partisan, some things are just bad.
Re: (Score:0, Flamebait)
Right. Pump and dump schemes organized in online forums are bad. AOC and Cruz are both on the wrong side of this.
Re: (Score:2)
Overleveraged short sales are also bad. The hedge funds wouldn't have been this exposed had they not sold more shorts than there existed shares.
And given the Redditors involved weren't "organized" and were merely making use of the information publicly available, it's hard to claim they were doing anything wrong. This is the invisible hand of the market, people making rational choices based upon the information available to them. The fact an online forum is involved is neither here nor there, as it could
Re:FUBAR (Score:2)
In principle I agree, but there were bots hyping this so it may not be as simple as individuals making rational choices. Too early to say really.
Either way it's the ordinary investors who get screwed.