Discover and read the best of Twitter Threads about #SaveAMC
Most recents (3)
Robinhood is no longer allowing users to do anything but close out their #GME or #AMC positions. Hard to put into words how outrageous that is. This is, much more acutely, the definition of manipulating the market.
I’ve got a newsletter coming out about this moment — and about how it went from silly to deeply serious and political yesterday readtangle.com/about
48 hours ago this was funny. 24 hours ago it become a politicial dividing line, a bit more serious and very interesting. Now it's getting really ugly, and a lot of people are about to be extemely pissed off at how hypocritical the ruling class is
If you don't understand what's happening, let me explain: a bunch of idiots with internet access are fleecing billion dollar hedge fund companies that typically fleece the rest of us. And they're doing it literally by sheer force of numbers bloomberg.com/opinion/articl… #GME #AMC
They are, in no uncertain terms, upending the entire financial market and pulling off the kinda wealth redistribution you might imagine happening in some socialist dystopia. Except they're doing it by beating Wall St at their own game.
It's hilarious
It's hilarious
Hey, buzzkillingtons, obviously Wall St is gonna find a way to make some money off this too. Just enjoy the moment for a minute!
Wall Street? More like Cope Street. 
for those not familiar r/wallstreetbets users bought a ton of GameStop stock and they also use call options to basically borrow more shares than they could afford. this volume caused it to spike, and not Melvin, a large financial firm is going bust because they....
... borrowed money expecting it to go down, but now they will have to sell their overleveraged shares at this insane pricepoint
