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I get ya but isn't this just a whataboutism?
No its not.
This is true market manipulation - a fund that is so large it crushes a stock, ultimately paying itself is market manipulation and so this comeuppance is well deserved.
ChainBreaker-
a fund that is so large it crushes a stock
They identified a stock that was, in their view, over valued. And they made a big bet that the value of the stock would decrease towards the 'real' value. They aren't looking to 'crush' it although that might be the outcome. It certainly will be now. It's arguable that the GME business was worth nothing.
But if the stock gets crushed, so what? Stocks are not sentient beings - there is not an inherent morality in 'saving' them, and delivering what could amount to a Coup de grâce isn't inherently immoral if the stock is dying . There is only so much value and it's better that value finds the right places sooner rather than later.
Heh I am so fucking reductionist.
Howard
I get ya but isn't this just a whataboutism?