The GameStop Squeeze now squeezes its own (Update #2)

Updates

  1. Originally published, February 2, 2021, 5:07 pm.
  2. February 3, 2021, 12:50 am:

There is a new blog post entitled, “It’s time for real solutions.”


GameStop Squeeze

GameStop stock has plunged, wiping out many[1] who followed, among others, Elon Musk’s siren call.[2] From the description, the Reddit /r/wallstreetbets forum is a weird place, where many take pride in “loss porn,” screenshots of their losses.[3]

Drew Harwell, “As GameStop stock crumbles, newbie traders reckon with heavy losses,” Washington Post, February 2, 2021, https://www.washingtonpost.com/technology/2021/02/02/gamestop-stock-plunge-losers/


  1. [1]Drew Harwell, “As GameStop stock crumbles, newbie traders reckon with heavy losses,” Washington Post, February 2, 2021, https://www.washingtonpost.com/technology/2021/02/02/gamestop-stock-plunge-losers/
  2. [2]Cory Doctorow, “Understanding /r/wallstreetbets,” Pluralistic, January 28, 2021, https://pluralistic.net/2021/01/28/payment-for-order-flow/#wallstreetbets; Matt Phillips and Taylor Lorenz, “‘Dumb Money’ Is on GameStop, and It’s Beating Wall Street at Its Own Game,” New York Times, January 27, 2021, https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html
  3. [3]Drew Harwell, “As GameStop stock crumbles, newbie traders reckon with heavy losses,” Washington Post, February 2, 2021, https://www.washingtonpost.com/technology/2021/02/02/gamestop-stock-plunge-losers/

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