Chamath: GameStop's rally is like how Wall Street missed Tesla's surge - Business Insider

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Billionaire investor Chamath Palihapitiya says GameStop's rally is no different than how Wall Street missed out on Tesla's surge

Palihapitiya also pushed back against the notion that it was irresponsible for him and other day traders to pump up GameStop's stock. Instead, Palihapitiya sees the frenzy as an act of defiance against goliath institutional investors who typically held the stock market's reins.

"The point is: just because you're wrong, doesn't mean you get to change the rules," Palihapitiya said. "Especially [since] when you were wrong, you got bailed out the last time. That's not fair."Your morning cheat sheet to get you caught up on what you need to know in tech. Sign up to 10 Things in Tech You Need to Know Today.

 

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Tell GameStop they better have some consoles in their store

He didn’t say that at all

way to take it out of context. why didn't you write everything what he said is this journalism or click bait ?

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This is an over generalization. The biggest difference? $GME is the past, $TSLA is the future. Surelynobody sees a return to playing video games on discs, right?

Wow, bit of a stretch to compare Tesla elonmusk defining the future of EV with a considerable lead on the competition to a bankrupt brick and mortar retail outlet chamath wallstreetbets

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