1/
This whole thing is SO shady for so many reasons.
GameStop shares continue their rapid fall back toward earth, along with AMC Entertainment and Express bloomberg.com/news/articles/…
This whole thing is SO shady for so many reasons.
GameStop shares continue their rapid fall back toward earth, along with AMC Entertainment and Express bloomberg.com/news/articles/…
2/
A Reddit forum has played a big part in this.
Let's start there.
How r/WallStreetBets gamed the stock of GameStop theverge.com/22251427/reddi…
A Reddit forum has played a big part in this.
Let's start there.
How r/WallStreetBets gamed the stock of GameStop theverge.com/22251427/reddi…
3/
🇨🇳
February 2019
"Chinese tech giant Tencent now plans to lead a new Series D funding round for Reddit, the social news forum plagued by controversy over the past decade."
Tencent Buys Stake In Another U.S. Social Network -- Reddit fool.com/investing/2019…
🇨🇳
February 2019
"Chinese tech giant Tencent now plans to lead a new Series D funding round for Reddit, the social news forum plagued by controversy over the past decade."
Tencent Buys Stake In Another U.S. Social Network -- Reddit fool.com/investing/2019…
4/
🇨🇳
Tencent, the world's largest video game vendor, invested in a company, Reddit, which is *banned in China*?
Weird.🤔
Reddit, Banned in China, Is Reportedly Set to Land $150 Million Investment From a Chinese Censorship Powerhouse gizmodo.com/reddit-banned-…
🇨🇳
Tencent, the world's largest video game vendor, invested in a company, Reddit, which is *banned in China*?
Weird.🤔
Reddit, Banned in China, Is Reportedly Set to Land $150 Million Investment From a Chinese Censorship Powerhouse gizmodo.com/reddit-banned-…
5/
These guys that are under investigation.
🇨🇳
U.S. government reportedly looking into 'League of Legends' owner Tencent's gaming stakes usatoday.com/story/tech/gam…
These guys that are under investigation.
🇨🇳
U.S. government reportedly looking into 'League of Legends' owner Tencent's gaming stakes usatoday.com/story/tech/gam…
6/
Robinhood is another key player in this.
Reddit and Robinhood gamified the stock market, and it’s going to end badly
qz.com/1966818/with-g…
Robinhood is another key player in this.
Reddit and Robinhood gamified the stock market, and it’s going to end badly
qz.com/1966818/with-g…
7/
"Vlad Tenev, Robinhood's co-CEO and co-founder...was born in Soviet-era Bulgaria."
Inside Robinhood, the free-trading app at the heart of the GameStop mania
cnn.com/2021/01/28/inv…
"Vlad Tenev, Robinhood's co-CEO and co-founder...was born in Soviet-era Bulgaria."
Inside Robinhood, the free-trading app at the heart of the GameStop mania
cnn.com/2021/01/28/inv…
8/
🇷🇺
February 2018
"Online brokerage startup Robinhood raised $363 million in a new round of funding led by Russian billionaire Yuri Milner’s investment group DST Global."
Free trading app Robinhood raises $363 million, valuation soars to $5.6 billion
reuters.com/article/us-rob…
🇷🇺
February 2018
"Online brokerage startup Robinhood raised $363 million in a new round of funding led by Russian billionaire Yuri Milner’s investment group DST Global."
Free trading app Robinhood raises $363 million, valuation soars to $5.6 billion
reuters.com/article/us-rob…
9/
Milner again.
🇷🇺
April 2017
"Commission-free trading startup Robinhood has raised $110 million in a round led by Russian billionaire Yuri Milner’s investment group DST Global."
Trading startup Robinhood raises $110 million in new funding round
reut.rs/2pzhVmn
Milner again.
🇷🇺
April 2017
"Commission-free trading startup Robinhood has raised $110 million in a round led by Russian billionaire Yuri Milner’s investment group DST Global."
Trading startup Robinhood raises $110 million in new funding round
reut.rs/2pzhVmn
10/
And a Kushner.
"A venture fund run by Josh Kushner, brother of the son-in-law of US President Donald Trump, has joined a new funding round for Robinhood..."
Kushner venture fund helps turn Robinhood into a unicorn ft.com/content/3ed827…
And a Kushner.
"A venture fund run by Josh Kushner, brother of the son-in-law of US President Donald Trump, has joined a new funding round for Robinhood..."
Kushner venture fund helps turn Robinhood into a unicorn ft.com/content/3ed827…
11/
Now GameStop. Bad deal.
"From declining sales to shuttered stores, the underlying value of this company is still questionable, and stock gains don't change that."
Ignore the Reddit-fueled spike, GameStop is actually still in trouble
cnet.com/personal-finan…
Now GameStop. Bad deal.
"From declining sales to shuttered stores, the underlying value of this company is still questionable, and stock gains don't change that."
Ignore the Reddit-fueled spike, GameStop is actually still in trouble
cnet.com/personal-finan…
12/
How about AMC Entertainment, another stock involved in the mayhem?
Oh.
🇨🇳
May 2012
China's Wanda to buy U.S. cinema chain AMC for $2.6 billion
reuters.com/article/us-amc…
How about AMC Entertainment, another stock involved in the mayhem?
Oh.
🇨🇳
May 2012
China's Wanda to buy U.S. cinema chain AMC for $2.6 billion
reuters.com/article/us-amc…
13/
Nothing to see here.
🇨🇳
AMC's Disgraced Chinese Owner Wins Big in the GameStop Frenzy
bloombergquint.com/gadfly/gamesto…
Nothing to see here.
🇨🇳
AMC's Disgraced Chinese Owner Wins Big in the GameStop Frenzy
bloombergquint.com/gadfly/gamesto…
15/
Express?🧐
Wexner.
"...capitalizing on the heyday of shopping malls first with the 1980 launch of Express, which catered to a slightly younger clientele than the Limited."
Jeffrey Epstein’s only known client was the man who owns Victoria’s Secret
vox.com/the-goods/2019…
Express?🧐
Wexner.
"...capitalizing on the heyday of shopping malls first with the 1980 launch of Express, which catered to a slightly younger clientele than the Limited."
Jeffrey Epstein’s only known client was the man who owns Victoria’s Secret
vox.com/the-goods/2019…
16/
Well, you get the idea.
December 2020
Express Lays Off 10% of Workforce at Corporate Headquarters
footwearnews.com/2020/business/…
Well, you get the idea.
December 2020
Express Lays Off 10% of Workforce at Corporate Headquarters
footwearnews.com/2020/business/…
18/
Feds Investigating Posts on Reddit, Social Media for Signs of GameStop Stock Fraud
mediaite.com/news/feds-inve…
Feds Investigating Posts on Reddit, Social Media for Signs of GameStop Stock Fraud
mediaite.com/news/feds-inve…
19/
Remarkably, it got significantly more shady.🧐
[Dogecoin started out *as a joke* in 2013, features the face of the Shiba Inu dog from the popular "Doge" meme as its logo & namesake.]
Robinhood restricts crypto trading as Dogecoin soars 300 percent
theverge.com/2021/1/29/2225…
Remarkably, it got significantly more shady.🧐
[Dogecoin started out *as a joke* in 2013, features the face of the Shiba Inu dog from the popular "Doge" meme as its logo & namesake.]
Robinhood restricts crypto trading as Dogecoin soars 300 percent
theverge.com/2021/1/29/2225…
20/
🤦♂️
"The coin has ridden the same Reddit-driven retail investor wave as stocks like GameStop & AMC over the past 2 weeks, further accelerated by a handful of Elon Musk tweets."
What is dogecoin? Elon Musk has sent the *meme cryptocurrency* soaring
finance.yahoo.com/news/what-is-d…
🤦♂️
"The coin has ridden the same Reddit-driven retail investor wave as stocks like GameStop & AMC over the past 2 weeks, further accelerated by a handful of Elon Musk tweets."
What is dogecoin? Elon Musk has sent the *meme cryptocurrency* soaring
finance.yahoo.com/news/what-is-d…
21/
🤦♂️🚨🚨
[A *meme [penny] cryptocurrency* that started out as a joke, being manipulated via Reddit, a trading app, and celebrity Tweets.]
"Dogecoin (DOGE) started out as a joke in 2013 and is still a joke today—but its value is up 380% in the past month, 696% this year."
🤦♂️🚨🚨
[A *meme [penny] cryptocurrency* that started out as a joke, being manipulated via Reddit, a trading app, and celebrity Tweets.]
"Dogecoin (DOGE) started out as a joke in 2013 and is still a joke today—but its value is up 380% in the past month, 696% this year."
22/
🤦♂️
"Greenwald complained that AOC “ruined that movement,” referring to Ted Cruz agreeing w/ her desire to know more about trading app Robinhood restricting purchases of certain stocks."
RW media melt down over AOC's IG Live about Capitol insurrection
mediamatters.org/jnuary-6-insur…
🤦♂️
"Greenwald complained that AOC “ruined that movement,” referring to Ted Cruz agreeing w/ her desire to know more about trading app Robinhood restricting purchases of certain stocks."
RW media melt down over AOC's IG Live about Capitol insurrection
mediamatters.org/jnuary-6-insur…
23/
🧐
"A single options trade on GameStop turned $500 into $203,411 in less than 3 weeks for one small-time trader. The ride had all the ups & downs of gambling, he says."
For One GameStop Trader, the Wild Ride Was Almost as Good as the Enormous Payoff
wsj.com/articles/for-o…
🧐
"A single options trade on GameStop turned $500 into $203,411 in less than 3 weeks for one small-time trader. The ride had all the ups & downs of gambling, he says."
For One GameStop Trader, the Wild Ride Was Almost as Good as the Enormous Payoff
wsj.com/articles/for-o…
24/
🤦♂️
Barstool's Dave Portnoy says he lost $700,000 on 'meme stocks' like GameStop and AMC: Robinhood CEO 'stole it from me and should be in jail'
businessinsider.com/barstool-sport…
🤦♂️
Barstool's Dave Portnoy says he lost $700,000 on 'meme stocks' like GameStop and AMC: Robinhood CEO 'stole it from me and should be in jail'
businessinsider.com/barstool-sport…
25/
🤦♂️
Who would've guessed this might happen?
'Stop f---ing selling!!!' WallStreetBets Redditors go ballistic over GameStop's sinking share price
cnn.com/2021/02/04/inv…
🤦♂️
Who would've guessed this might happen?
'Stop f---ing selling!!!' WallStreetBets Redditors go ballistic over GameStop's sinking share price
cnn.com/2021/02/04/inv…
26/
🤦♂️
Might as well.
Andre Drummond backs Elon Musk, campaigning Dogecoin to pump ‘to the moon’
cavaliersnation.com/2021/02/04/and…
🤦♂️
Might as well.
Andre Drummond backs Elon Musk, campaigning Dogecoin to pump ‘to the moon’
cavaliersnation.com/2021/02/04/and…
27/
🎯🚨🚨
"Robinhood is a *you-are-the-product* company. It’s because the investors who trade on Robinhood aren’t really Robinhood’s principal customers. Someone else is."
What Everyone Who’s Mad at Robinhood Got Wrong
slate.com/technology/202…
🎯🚨🚨
"Robinhood is a *you-are-the-product* company. It’s because the investors who trade on Robinhood aren’t really Robinhood’s principal customers. Someone else is."
What Everyone Who’s Mad at Robinhood Got Wrong
slate.com/technology/202…
28/
🤦♂️
"A 'surprise' chat between billionaire Musk & Robinhood CEO Vlad Tenev on new audio-based social network Clubhouse has propelled the app to the top of the startup charts."
Elon Musk, Robinhood CEO chat Gamestop on Clubhouse, trigger user stampede
trtworld.com/life/elon-musk…
🤦♂️
"A 'surprise' chat between billionaire Musk & Robinhood CEO Vlad Tenev on new audio-based social network Clubhouse has propelled the app to the top of the startup charts."
Elon Musk, Robinhood CEO chat Gamestop on Clubhouse, trigger user stampede
trtworld.com/life/elon-musk…
29/
🚩
OMG!
[Former 🐀Pac partner of Steve Mnuchin & James Packer, lost Warner Bros. deal after accusations of sexual assault from multiple women against Ratner.]
Hollywood's GameStop blitz: Brett Ratner to produce movie about WallStreetBets founder latimes.com/entertainment-…
🚩
OMG!
[Former 🐀Pac partner of Steve Mnuchin & James Packer, lost Warner Bros. deal after accusations of sexual assault from multiple women against Ratner.]
Hollywood's GameStop blitz: Brett Ratner to produce movie about WallStreetBets founder latimes.com/entertainment-…
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