I hope the app gets shut down and the people behind into jail, but I won't hold my breath anything of substance will happen to then, despite selling off your stuff without your permission, which is clearly criminal.

I'm not all too familiar with the situation.
All I can say is: It has to be ALL KINDS of fucked up if it can get AOC and Ted Cruz to agree on something. XD

Warren attacks the "market manipulators" for their "speculation". Her letter makes clear she is going after those redditors.

"To what extent did online message boards, such those on Reddit, or broader social media amplification impact the fluctuation of GameStop’s prices? Did any of these practices violate existing securities laws?"

Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability. Today I told the SEC to explain what exactly it's doing to prevent market manipulation. https://t.co/NWaZe1jFVb pic.twitter.com/MAbjHcq47i

— Elizabeth Warren (@SenWarren) January 29, 2021

Seems like she is going after pretty much everyone, which is fair...

"With stocks soaring while millions are out of work and struggling to pay bills, it's not news that the stock market doesn't reflect our actual economy. For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price. It's long past time for the SEC and other financial regulators to wake up and do their jobs - and with a new administration and Democrats running Congress, I intend to make sure they do."

A big part of the what WSB is doing is abusing the tools used by the rich to expose fundamental market flaws. Seems to me like Warren's letter is pretty much in line with that idea. We want change, so I welcome this. 

Except that this is not a spontaneous revolution of the poors of REDDIT, it was already planned a year ago for GME. The result is the same at the end, but like EVERY revolution in mankind, it was built in background by a very small number of smart people who will be the most profiteer of it.

https://www.youtube.com/watch?v=Bwp8TGZKLI0

Fire trials like the one we're experiencing are the best way to tell friend from foe and tell whether two people are good, evil or just extraordinarily radicalized. 

If someone criticizes the state of affairs, you know they are your ally. If instead they end up siding with the bad guys, well you know who the real monsters are. 

This could be good. We might see both parties losing strength as people realize the foe is wed to both colors. 

Seems pretty damn unlikely. 

The more people that buy it the better for those that bought it at under $20 per share.  The reddit group itself has to be running out of money to buy new shares of it, so its going to have to come from other investors.  The theme seems to be everyone doesn't care about the money and want to punish wall street, but I bet if it gets high enough especially the earlier investors will cash out and walk away rich, while those that invest at higher values will lose money.  A few weeks ago I would have said no way, but I can see it going higher but  I don't know if these kids will blink at a certain point and take their money.  I've invested a bit on the dips and cashed out, and I may dive back in for some more if it dips again.

I mean, if you have the money to spare, knock yourself out. Just remember to take the redditors' advice to heart, and don't spend any money that you can't realistically afford to lose.