• Soyweiser@awful.systems
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    11 months ago

    It is in a way amazing how much more crazy the ‘we are going to beat the shortsellers by using reddit’ memestocks have gotten.

    E: this yt vid shows just how crazy one person got from the bed bath and beyond memestock stuff. It is really sad (and scary, this guys delusion was BBBY, but there are people who get similar delusions about other things or even people).

    • flooppoolf@lemmy.world
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      11 months ago

      Is that purple sub instance associated with this type of crazy? I forgot its name but they wouldn’t stop posting BBBY and about the CEO lady so I got a little concerned and blocked it.

      Edit: yeah that’s them

      • Soyweiser@awful.systems
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        11 months ago

        Sorry I have no idea what you are talking about, but if they rant about BBBY it prob was related. After the ‘succes’ of the gamestock memestock thing (which I think has the only long term effect that people shorting stocks now here low wage people to monitor dumb reddit places, and at times join in) low financial knowhow people with a tendency to start believing in conspiracy theories made themselves crazy by going full filterbubble on other memestocks (which will be a success any day now!). Instead of people blasting their brains out due to reading about qanon on facebook they read about stocks on reddit. It is fascinating in a sort of watching a train accident way.