Some Redditors say the GameStop rally is revenge against Wall Street for the 2008 collapse - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

Some Redditors say the GameStop rally is revenge against Wall Street for the 2008 collapse

Mateusz Slodkowski/SOPA Images/LightRocket/Getty ImagesWhile short-sellers have lost on the GameStop rally, other investors have benefited.Some Redditors of the r/WallStreetBets forum aren't helping to drive up the price of GameStop shares for the money — they say it's for revenge.

"GME is about more than just money. GME is about sending a message," said one Redditor in reference to GameStop's ticker"GME." The post continued:"For all the recessions they caused. For all the jobs and homes people have lost. For all the people that can't pay for college because minimum wage has stagnated while wall street gets rich. For all the retail traders they left holding the bag.

Ahead of the 2008 recession, banks created a housing bubble by selling mortgage-backed securities with

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You guys are really clueless. What I read on there was not for revenge, they saw an opportunity where Wall Street made a very exposed short bet. It backfired on the hedgefunds, the comparison to 2008 only started popping up because wall streets gambling caused the 2008 crisis...

and others say its revenge for everyday on wall st whatever it is its a long time coming! ✌️

I don’t think so. BTC is about to come for revenge

Oh God, here we go.

GOOD

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines