The vast majority of ordinary people don't own stonks. Even if the GME short squeeze actually does happen, it's going to bankrupt some hedge funds and make a small percent of people rich (depending on how much they put in). It's worth remembering that BlackRock own a huge amount of GME shares, so something fishy is going on here.
Blackrock is also over exposed in other positions as well I would imagine, they’re no angel. For example, they could potentially break even from GME if their other investments/ventures. While I don’t believe this to be completely true and I think they’ll make a pretty penny, I suspect they’re going to take their hits as well.
Also not everyone can be a GME shareholder. It’s how the economy survives. If everyone’s a millionaire, then millionaire means nothing.
You bring up good points that I’ve thought about a lot since Jan lol.
Anyone who is a resident of the USA, over the age of 18, and can afford to buy a share can be a shareholder. Not to mention all our international frens who also manage to buy it in their countries.
The vast majority of ordinary people don't own stonks. Even if the GME short squeeze actually does happen, it's going to bankrupt some hedge funds and make a small percent of people rich (depending on how much they put in). It's worth remembering that BlackRock own a huge amount of GME shares, so something fishy is going on here.
Blackrock is also over exposed in other positions as well I would imagine, they’re no angel. For example, they could potentially break even from GME if their other investments/ventures. While I don’t believe this to be completely true and I think they’ll make a pretty penny, I suspect they’re going to take their hits as well.
Also not everyone can be a GME shareholder. It’s how the economy survives. If everyone’s a millionaire, then millionaire means nothing.
You bring up good points that I’ve thought about a lot since Jan lol.
Anyone who is a resident of the USA, over the age of 18, and can afford to buy a share can be a shareholder. Not to mention all our international frens who also manage to buy it in their countries.
Yes, Blackrock wants the MOASS... Currently, they're allies with the apes... After MOASS that'll change.
It will have a domino effect.
It’s all connected.