The enemy of my enemy is a friend.
Black Rock, Ryan Cohen and Gamestop are all involved in a financial battle to destroy a hedge fund called Citadel.
A section of the retail market has been "recruited" to purchase and hold available shares, which has kept the price from tanking (or more accurately, has allowed Black Rock to offset Citadels market attacks).
It gets super interesting when you look at Gary Kessler's now acting as head of SEC (voted today), and new rules on the market for handling assets of collapsing firms, and protecting other firms from the fallout
Add in the media putting out stories about how gamestop stock is falling... before it is actually falling, and it sure looks like more corruption to me
The enemy of my enemy is a friend. Black Rock, Ryan Cohen and Gamestop are all involved in a financial battle to destroy a hedge fund called Citadel.
A section of the retail market has been "recruited" to purchase and hold available shares, which has kept the price from tanking (or more accurately, has allowed Black Rock to offset Citadels market attacks).
It gets super interesting when you look at Gary Kessler's now acting as head of SEC (voted today), and new rules on the market for handling assets of collapsing firms, and protecting other firms from the fallout
Add in the media putting out stories about how gamestop stock is falling... before it is actually falling, and it sure looks like more corruption to me
^^ above is such a diluted overview, i really recommend you travel to r/superstonk and do some reading.
The overlap between the WallSTBets and Q phenoms is amazing