LogFAQs > #980394064

WingsOfGood posted...

Now why would they even care if a bunch of self identified "idiots" lose money?

Because, for good or for bad, the government tries not to let fraudulent actors scam innocent people out of their money. Even if they're idiots, and deluded enough to insist that they're not getting scammed.

Gamestop right now is like one of those romance scammers targeting old people. Where they butter you up, promise you they're in love, promise you you'll get married, and promise you you're making tons of money on a weird crypto website link they sent you. Everything is perfect on the inside. On the outside, all of your friends and family are telling you you're throwing money away and this isn't real. If you reject that evidence then your life is good. Gamestop apes unfortunately had to internally reckon with the fact that the price wasn't shooting up to infinity, and had to think of reasons why the lie was still true. It's like the romance scammer blocking their target. Apes were losing hope. Stock was plummeting with no demand and the slow realization that maybe they just invested in a dying retail company. Now in 2024, with Keith Gill's tweet, it's like the romance scammer from a few years ago just hit you up again and was like "hey, yeah I'm still in love with you. you'll still get rich. it was all real now send me more money" and the apes just dumped more money into the stock with renewed hope and delusion.

Real people get burnt at the end of the day when the conspiracy turns out not to be true and they threw their money in for nothing. Look at the Bed Bath and Beyond apes for example, who held their meme stock all the way into bankruptcy, and so sadly won't even see the current meme stock bump affect them.