Meme stock mania: How dumb money changed the game
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- Опубликовано: 30 сен 2024
- Ben Mezrich, ‘The Anti-Social Network’ author, joins 'Squawk Box' to discuss the meme stock mania, the GameStop phenomenon, how dumb money changed the game, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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wow dont let the man talk he might make sense
They're panicking exactly because he's making sense. We can't have that now, so let's talk over him so we can continue getting bribe money from shady Hedge Funds.
A bit of an agenda to drown him out?
BUY, HODL, DIRECT REGISTER GME SHARES WITH TRANSFER AGENT.
NOT IN YOUR NAME, NOT YOUR SHARES.
Shorts are forked and keep lying CNBC, you will be held accountable.
CNBC clowns. Trying their best to control the narrative. Kenny haven't closed Gabe Plotkin bags 😂
#KenGriffenLiedToCongress
Ken griffon has mayonnaise for blood
CNBC presenters have really spat their dummy out!
They're so salty and it's so obvious 😂
"Naked shorts, yeah"
Yas this is what i said to, the fat dude who was ridiculing us face is precious, praising bis hedge fond buddies as heroes with bis salty ass 😅 made my evening so good
$1,000,000,000 in the bank.
76M shares registered.
CEO for FREE.
0 Debt (Yes this is real).
On pace for Full Year of Profitability.
Dumb Money. Also dude really said with his whole chest 'Short Sellers are Heros'
Video Coming Soon.
I like the stock
wheres is roaring kitty????????????? come out come out whereever you are...........we're ready to back you and HODL 1 more time!
Gabe Plotkin bought a basketball team from Jordan because he had to pay him for the loss he incurred
Quite condescending of the narrative making host. 🙄
GME is up 395% from 3 years ago, what the fuck are you guys even talking about
zen
I know people that are going in big. It's not about the money. Get ready for the next rocket ship. Having him on might get it going 😂😂
cnbc are in ken G's pocket.
I would argue less than 1% of short selling actually uncovers something egregious about bad companies, and I think I'm being generous there. For the most part Short selling has been setup to profit those who do it, and really no one else. Instead of paying short sellers to expose crimes, why not empower your Justice Department to do so?
Exposing crime should always be a non-profit endeavour and we should all have moral obligations to do so. I totally agree with Ben here.
I agree Short Sells are like cancer 99.9% it's betting on people losing but .01% it can be good. Not worth it. Short selling should be made illegal.
I'm not a fan of the tactics that many big short sellers engage in. But at the same time, it is the financial incentive that can drive "honest" shorts to uncover fraud, etc. in the first place. Without the incentive of making money, they would be off spending their energy doing other things.
Just like most things in life, this is not a black or white topic. There are always shades of grey. Shorts exposing Enron, Nikola motors, Theranos, etc. are doing a service to the community. And the fact that there is money to be made in the process is what incentivizes them to do the research and other work to expose these frauds in the first place. I believe this type of "activist" short selling is good.
The "bad" short selling is when big fish short just to move the stock price down temporarily in order to manipulate options trades, etc. That sort of thing needs to be better regulated and controlled.
@@ctvxl -- Well you can make the same argument about "murder". Why is murder illegal for the most part, but Capital Punishment is legal and actually effective in some countries? The existence of capital punishment does not necessitate the legality of murder, and I'm sure everyone can agree to that.
Short Selling is only legal in the US because far too many powerful and rich people rely on it, and they can ensure it stays legal.
@@Tangvu That is quite a stretch comparing short selling to murder. Besides, your analogy is flawed. Data shows that capital punishment does little to nothing to deter murder.
Look, I fully agree that short selling is abused by wall street. It needs to be better regulated to prevent naked shorting and manipulation. If it were, it would be a constructive and useful tool for exposing fraud. Simple...
@@ctvxl -- Capital punishment's primary aim is really to neuter dangerous criminals because they've gone beyond rehabilitation. Which data are you looking at anyway? Have you seen the data for Singapore?
The point is a tiny amount of good from an activity does not necessitate a widespread adoption of it. Financial crimes can get exposed without it, because which short seller exposed Bernie Madoff or the GFC? Plus, even without short selling there was no way Enron would have remained a sustainable business forever. These things have a way of unravelling themselves.
Short Selling should be ILLEGAL - and perhaps the only party that should be allowed to do it is the JUSTICE department with a lot of hurdles they need to jump over first. Regulating it implies you think it does more good than harm and therefore should be allowed to exist legally.
They need to stop dancing around the issue. Legal short selling has its benefits. NAKED short selling is the issue and the SEC has written regulations for it that are being broken constantly...
"Securities sold not yet purchased" on institutional short seller balance sheets in the billions of $$$ is counterfeiting and a MAJOR PROBLEM...
PREACH!!!
Gabe Plotkin was bailed out by Ken Griffin and Steve Cohen. They gave him BILLIONS.
Gabe plotkin bought a basketball team because he lost Michael Jordan's money and to compensate he bought MJ's basketball team. It's clear as day what he did.
I love this guy.
WE LOVE AMC AND WE'RE NOT FREAKINGGGGGG LEAVINGGGG 🤫🤫🤫
"It's a sad state of affairs if the only way people will do the right thing is for money." succinct 👏👏👏
Did this guy get paid for his book? If he doesn't need to make money to "do the right thing" and publicize ideas for the public good...
the movie was a flop.
The movie is the Big Short for idiots
Buy hold Drs GME!
Wall Street Meme is the new millionaire stock 🚀🚀🚀🚀🚀🚀🚀🚀
It definitely changed many’s people life.
Made 200k today. Gratitudes to you and this channel for all the knowledge you had thrown my way over the last months. Started with 14k in June 2022
I engage in various prolific Investments by compound interest & leveraging and as well operating with Investment Professional Hao Luo, So far I've attained returns of over $30K last month
I engage in various prolific Investments by compound interest & leveraging and as well operating with Investment Professional Hao Luo, So far I've attained returns of over $30K last month
Wow😊l know him and I have also been trading with him, he's such an amazing man with good skills, keeps me happy all week knowing I earn 15thousand extra income trading with him.
I read about HAO LUO CRYPTO too on the internet. That how I connected with him. Good is got people's back too
After watching so many RUclips tutorial videos about trading I was still making losses untill Mr HAO LUO started managing my investment now, I make $6,800 weekly. God bless Mr HAOLUOInfo he has been a blessing to my family.
Basically the other guy is like "we are still rich, you are still poor". Someone needs another lesson in what happens when you cheat people too long
"not a single one cared about the money" -- that sounds like cope. So they just woke up and decided that their passion in life was to own shares of a random company?
I stopped listening when he said "the single mothers", literally all of them were reddit bros
I'm a 57 year old retired Canadian woman with a boatload of GME shares...bro.
Yeah! And, their coin "Wall Street Memes" blowing up! It just came out and is up over 20 percent already! Wall Street Bets/Memes TO THE MOON!!! lol...
Definitly about the money
What’s the point of GameStop anymore? It’s like BlockBuster. Why go to the store when you can buy it in the online store on console?
The moment you ban short selling the market starts tanking. It’s been well documented at least two instanes when they banned it. It’s a market imbalance. Ying and yang.
All the people whoo bought it are not about making money. Ya we see that 2 years later. Lol
Roaring Kitty is not an American Hero and this author is an embarrassment. Investing should not be gambling nor should it be encouraged to be.
Ok 😂
It's always about the money
Ben wrote a book the MIT blackjack team that is also a must read!
Mezrich didn't support his claims much, proving he hasn't read much DD. I haven't watched Dumb Money, and won't pay for it. The movie seems like another origin movie without much info why many hold. Mezrich's Sep 2020 Boston Globe interview didn't read well for GME holders, saying it should be bankrupt.
PEPE is the next great meme run
Was. It already did its pump. Bunch of bag holders right now.
Wall Street Memes is on a run right now! It just came out! This coin is from the same community that ran up the Gamestop stock. PEPE may still have potential but it blew up already and made some people millions.
GTFO here with this shitcoin
LOOK AT THE CHART LOL@@Uchihawallstreet
$AMC TO THE MOON!!!!
🦍🦍🦍🦍🦍🦍🦍🦍
✋💎🤚
BBBYQ 🚀