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sundin13 said:
numberwang said:

Warren "Poci" doubles down on redditors being "manipulators", gets asked multiple times about reddit and social media specifically and claims that these individuals could be hedge funds themselves (2:20 lol what a twist) and wants them investigated by the SEC for manipulation.

It is very easy, ban "short selling" techniques because it encourages the targeted and intentional destruction of companies through AstroTurf campaigns and other means to benefit from their decline.

https://streamable.com/hu2gsf

I love when I respond to a point that someone says and they come back the next day making the same exact point, responding to nothing. I'll just add briefly about the comment at 2:20, you are misrepresenting what she said. She is not saying that the people on Reddit are hedge funds (although there is likely some degree of astroturf involved here as well), she is saying that Wall St is also participating in buying because...I mean, of course they are.

We agree that Warren with no evidence claimed these redditors are hedge funds and should be investigated by the SEC. She is using populist language to mask her defense of her masters at Wall Street.

Some more info on that topic.

Wall Street spend 5:1 ration on Biden vs. Trump.

Wall Street donors line up behind Biden in massive third-quarter fundraising haul

https://www.cnbc.com/2020/10/16/wall-street-donors-line-up-behind-biden-in-massive-third-quarter-fundraising-haul.html

Biden's Treasury Sec. Janet Yellen received more than $800,000 in speaking fees from hedge fund Citadel in the last year alone. Citadel is invested heavily in Melvin Capital (the hedge fund that did the short selling). More than 35% of the Robinhood's revenues flow came from Citadel. It's a big club.

Janet Yellen Received $810K In Speaking Fees From Hedge Fund Embroiled In GameStop Saga

https://dailycaller.com/2021/01/28/janet-yellen-gamestop-citadel/

https://www.ibtimes.sg/citadel-owns-robinhood-theory-claims-capital-firm-halted-trading-platform-it-owns-hedge-fund-55226

Last edited by numberwang - on 02 February 2021