Things You Find Amusing or Funny

[WBennett]

#wallstbets

Watching a hedge fund collapse due to their shorting of stock and hoping someone else lost out amuses me.

[markTHEblake]

#wallstbets

Watching a hedge fund collapse due to their shorting of stock and hoping someone else lost out amuses me.

and then more will collapse on the other side when that stock tanks

[WBennett]

To a point, you are right. Things will correct.
But the hedge fund that has tanked had shorted something like 140% of the available shares.
They made their own bed.

[markTHEblake]

sadly, its not their money they lost.
(and it knocked 1.5% off my retirement fund today)

[Ron Burgundy]

sadly, its not their money they lost.(and it knocked 1.5% off my retirement fund today)

Your retirement fund was shorting GameStop?

[markTHEblake]

Obvioisly not, the shorts lost hundreds or thousands %.

[Ron Burgundy]

Obvioisly not, the shorts lost hundreds or thousands %.

Sure. But how did short squeezing one specific stock hurt your retirement fund, even if only marginally?

[WBennett]

Sure. But how did short squeezing one specific stock hurt your retirement fund, even if only marginally?

It shone light that the entire stock market game is rigged?

[markTHEblake]

Sure. But how did short squeezing one specific stock hurt your retirement fund, even if only marginally?

The event caused the stock markets to tank

[BUSHY]

The event caused the stock markets to tank

Wouldn’t say tank is the optimal word, its all relative after all.

Intra-Day




6months




5 Years

[Ron Burgundy]

The event caused the stock markets to tank

Correlation does not equal causation. I doubt that the trading activity of that one stock (or the other smaller versions of it like AMC and Nokia etc) was responsible for the small correction this week. If a handful of small time retail investors can really move entire markets then we’re in for a wild ride.

[markTHEblake]

You are right, but the sole cause of falling stocks on that day was Gamestop drama.


I am just pointing out that this caused millions of people to lose money far and wide, not just the money that was in the hedge funds.

[BUSHY]

You are right, but the sole cause of falling stocks on that day was Gamestop drama.


I am just pointing out that this caused millions of people to lose money far and wide, not just the money that was in the hedge funds.

No one lost any money.

Unless they sold at 3pm. The sooner people understand that the better off they’ll be.

[PeteyD]

Futures trading would have had peeps losing money if they went the wrong way.

[3Puttpete]

No one lost any money.

Unless they sold at 3pm. The sooner people understand that the better off they’ll be.

This.

[markTHEblake]

Millions sold at lower prices. If they didnt sell the price wouldnt be lower.

[PerryGroves]

If nothing else comes out of this, I reckon Vlad from Robinhood crucified his entire business. They are the opposite of what they pretend to be.

https://www.forbes.com/sites/jeffkau...h=50656f8c268d

The secret sauce of Robinhood’s success is something its founders are loath to publicize: From the beginning, Robinhood staked its profitability on something known as “payment for order flow,” or PFOF.
Instead of taking fees on the front end in the form of commissions, Tenev and Bhatt would make money behind the scenes, selling their trades to so-called market makers—large, sophisticated quantitative-trading firms like Citadel Securities, Two Sigma Securities, Susquehanna International Group and Virtu Financial. The big firms would feed Robinhood customer orders into their algorithms and seek to profit executing the trades by shaving small fractions off bid and offer prices.

[Ron Burgundy]

If nothing else comes out of this, I reckon Vlad from Robinhood crucified his entire business. They are the opposite of what they pretend to be.https://www.forbes.com/sites/jeffkau...h=50656f8c268d

T

he secret sauce of Robinhood’s success is something its founders are loath to publicize: From the beginning, Robinhood staked its profitability on something known as “payment for order flow,” or PFOF. Instead of taking fees on the front end in the form of commissions, Tenev and Bhatt would make money behind the scenes, selling their trades to so-called market makers—large, sophisticated quantitative-trading firms like Citadel Securities, Two Sigma Securities, Susquehanna International Group and Virtu Financial. The big firms would feed Robinhood customer orders into their algorithms and seek to profit executing the trades by shaving small fractions off bid and offer prices.

Interesting. Thanks. I wondered how they monetized the app. They’re less Robin Hood and more the Sheriff of Nottingham. I guess it holds true with them like everything else. If you’re getting something for free, you’re the product.

[Hatchman]

As posted in the AFL 2021 I'll post here as well as I found it funny.

We use to fly with pride and flight
Under the leadership of Malcolm Blight
Pykey then left and not a Moment to soon
I bet hes pissing himself watching us Win a spoon
Our players are as useless as a bag of dicks
Due to the genius that is Matthew nicks
These times are tough but are made to bind us
I can’t believe our coach is worse than Matthew Primus

[Hatchman]

Bit late but still find it funny.

[markTHEblake]

complaints about the harm being done to Facebook because of our governments bullying. My hearts bleeding for Zuckerbergs potential losses.

[BobsYourUncle]

complaints about the harm being done to Facebook because of our governments bullying. My hearts bleeding for Zuckerbergs potential losses.

Facebook (and Google to a lessor extent) are bad, soulless companies, and we are their product, not their customers. That said, I can't help but side with them on this one. Why should news media be paid when users share links to their articles on facebook? They're shared as links back to the (usually paywalled) news website, so if anything Facebook/Google are sending more business there way. And yes, they're making a buck through advertisements.

What makes news media special? Facebook make money of the original content of anyone who posts on Facebook, should those users be paid too?

The other scary thing (for me) that this highlights is the power of news media, which is why the government is bending over for them. Find me a news article from the last 24 hours that is balanced and fair in its reporting on this issue... it's all painting Facebook as the big bad guy, because that's the agenda they're pushing.

Federal government tells Facebook they need to pay if they want to keep linking news content. Facebook says "OK, we'll stop". Government says "oh no! you can't do this!". I don't like Facebook and Google. They don't pay enough tax. But I'm glad they're standing up to this attempted extortion.

[AndyP]

Facebook is more readable to me now. I'm one of those old-fashioned people that uses Facebook to see what people are up to, not what their opinion on climate change and a shared relevant news article.

[thecollective]

Facebook sux


Sent from my iPad using Tapatalk

[goughy]

I'm a little bit with Andy. I like seeing what people are up to. But I did follow various news sites, and tech sites etc. I just generally can't be bothered using different apps and different websites, and I don't really do Twitter or 'gram, so did read a lot of stuff via Facebook.