They've cut the losses hard today by having various day trading apps halt the purchase of stocks, all while the hedge funds are fully capable of trying to sell. Lots of stocks selling with no buyers drops value. They'll still lose money but nowhere near as much.
The lawsuits will hurt a bit, but it'll be less painful to them than if regular trading continued.
It's like companies having to pay 25 million dollars on a faulty product, but made 100 million selling the faulty product. They still made money, just not as much after the lawsuit. They're fine with that. Long prison sentences though....
Federal reserve goes brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
Can't go brrrrrrt fast enough to save them. Hehehe
They've cut the losses hard today by having various day trading apps halt the purchase of stocks, all while the hedge funds are fully capable of trying to sell. Lots of stocks selling with no buyers drops value. They'll still lose money but nowhere near as much.
The lawsuits will hurt a bit, but it'll be less painful to them than if regular trading continued.
It's like companies having to pay 25 million dollars on a faulty product, but made 100 million selling the faulty product. They still made money, just not as much after the lawsuit. They're fine with that. Long prison sentences though....
This is totally inaccurate.
How so?