Focus should be on who really stands to make huge profits on this, and it's not the "big hedge funds", it's the people hiding behind r/wallstreetbets who started all this and induced unsophisticated investors to buy GME and other heavily shorted stocks at prices many times higher than any reality-based valuations can support. Those are the people the SEC should be going after.
I get that people are angry. Also you don't owe anything to these rich hedge fund guys. But if you are going to try to take out funds and banks, there are plenty of woke capitalists out there.
I think this was a psyop to hurt the finances of Trump. Trump does not have many big donor friends on Wall Street. Also we know Reddit is anti-Trump and is beholden to Tencent, one of the Chinese communist nation's flagship companies.
It is possible they wanted to harness the young people who were angry, investing all last year and who felt extremely disenfranchised due to the recent voter fraud and militarized inauguration of Joe Biden.
I wish I had caught this earlier. Simple Google searches can confirm all of the above. I got swept up in it too. So did a lot of our "friends" at Fox News and the NY Post. Even Rush Limbaugh and others applauded it, but I don't think they were aware of all of the facts.
Be careful with what you see online.
Also I know that Point72 was a big initial backer of Melvin Capital which started in 2014. I'm not sure Citadel was initially. I'm not sure if I can publicly find all the investors in Melvin Capital. But I think the capital infusion suggests that Citadel already had financial exposure with Melvin.
And who owns gamestop? And who's investing with Point72 and Citadel, and specifically in whatever funds were shorting GSE? You and despora sure are white-knighting for hedge funds with very partial information, just the same as those raging against them.
No. It’s not.
Focus should be on who really stands to make huge profits on this, and it's not the "big hedge funds", it's the people hiding behind r/wallstreetbets who started all this and induced unsophisticated investors to buy GME and other heavily shorted stocks at prices many times higher than any reality-based valuations can support. Those are the people the SEC should be going after.
OP why do you not put links to al donations?
i will post links in my comment
I get that people are angry. Also you don't owe anything to these rich hedge fund guys. But if you are going to try to take out funds and banks, there are plenty of woke capitalists out there.
I think this was a psyop to hurt the finances of Trump. Trump does not have many big donor friends on Wall Street. Also we know Reddit is anti-Trump and is beholden to Tencent, one of the Chinese communist nation's flagship companies.
It is possible they wanted to harness the young people who were angry, investing all last year and who felt extremely disenfranchised due to the recent voter fraud and militarized inauguration of Joe Biden.
I wish I had caught this earlier. Simple Google searches can confirm all of the above. I got swept up in it too. So did a lot of our "friends" at Fox News and the NY Post. Even Rush Limbaugh and others applauded it, but I don't think they were aware of all of the facts.
Be careful with what you see online.
Also I know that Point72 was a big initial backer of Melvin Capital which started in 2014. I'm not sure Citadel was initially. I'm not sure if I can publicly find all the investors in Melvin Capital. But I think the capital infusion suggests that Citadel already had financial exposure with Melvin.
Steve Cohen's $1M inauguration donation to Trump, page 123 https://docquery.fec.gov/pdf/286/201704180300150286/201704180300150286.pdf Steve Cohen's donations to Republican Senate and House causes https://news.artnet.com/art-world/steve-cohen-republican-donor-1207619
Ken Griffin's political donations, nicely itemized in Wikipedia, scroll down slightly https://en.wikipedia.org/wiki/Kenneth_C._Griffin#Super-PAC/Outside_Group/Party_Contributions
Background into the Gamestop thing https://www.independent.co.uk/news/business/gamestop-share-price-reddit-hedge-fund-melvin-capital-b1793543.html
Capital infusion https://www.ft.com/content/1791269f-fe8c-47e3-b933-62125ee83242
And who owns gamestop? And who's investing with Point72 and Citadel, and specifically in whatever funds were shorting GSE? You and despora sure are white-knighting for hedge funds with very partial information, just the same as those raging against them.
gamestop is publicly traded and has a diverse investor base. the ticker is GME.