How Reddit Traders Used GameStop To Totally Spank The Wall Street Big Boys
Stephen has the perfect explainer video for anyone trying to figure out what the heck is happening on Wall Street, as giant hedge funds get brutally punished by swarms of Reddit users harnessing their collective power to boost GameStop's stock price. #Colbert #ALateShow #Monologue
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“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” - R2D2
I thought R2D2 just made a beeps. Never knew he was so deep
Damn that droid had a lot of good things to say. I'll always fondly remember when he once said "Beep Boop"
Then it's time to make "violence" a daily activity for the following years. A nice, fun pastime for poor people. New to the game? Why not take online free courses to learn how to exploit unregulated capitalism to screw rich people over and get rich while doing it? We should really be spreading this kinda knowledge.
* beep woooooo *
Ahh yes, the famous r2d2 quote from the prequel movie, Star Wars: Wrath of Khan
“So you think rich people losing money is funny?” “I do and I’m tired of pretending it’s not.”
Hell yes.
@@spthibault they can literally afford it. We lose one hundred dollars and we have to plan everything over for the month (yes, I know it's extreme)
@@jonplaud oh I totally agree. This shit is beautiful. I've never considered the market before but after seeing this I'm thinking I should do it. If the "market" has issue with people on a reddit independently doing this then arguably all that a reddit group needs is a business license and a charter. Make every "employee" an equal partner and everyone does an independent tax return... meanwhile the company can report a loss each month/year and get a refund which is added to the portfolio for investors to invest.
@@jonplaud considering that a large portion of Americans can't afford a surprise $400 expense that's not all that extreme. More like right on the money.
It was funny when the poor got poorer for you, why wouldn't this be funny to the 99% you screw over on a daily basis
When poor people lose money, the poor people are "irresponsible" When rich people lose money, the poor people are "responsible".
I just think its funny how when they manipulate the system in their favor its all good But when they get a dose of their own medicine its subject to being against the law and under review, obviously by their own team.
kzhead.info/sun/fsOaZs2xpqGNrIE/bejne.html
Hedge Funds found out what it’s like when the rabbit has a gun.
Brilliant comment!
More like "when the rabbit call all his buddies rabbit and they organise to jump on the hunter all at the same time and chew him to death with their cute little teeth."
"Rabbit season!" "Duck season!" "Rabbit season!" "Duck season!"
Rabbit of Caerbannog or BunBun from Sluggy Freelance?
You're living in a corporatacracy
Billionaires: We're gonna ruin this gaming retail store. Reddit: We're about to pull what's known as a pro gamer move.
This is the middle-mouse button that holds the 7-shot-Super-Shotgun. Shotgun, BOOM!
pwned! Oh, Wall Street? Pro tip: Don't stand in the fire!
Gamestop is failing quite independently from what its stock is doing.
This is the first time I hear pro gamer move in this story and im dyinggg
infinite money glitch
Citizens: "Tax the rich!" Govt: "No." Citizens: "Fine, I'll do it myself"
😂 I'm dying, and I approve.
I approve this message. ☝👏👏
Danm right!
When you want something done right...
funny thing is that the people saying tax the rich are the rich themselves...hilarious
“Poor hedge fund managers” -Nobody
Jimmy kimmel is pretty much saying poor hedge funds
@@dlaird88 r/woooosh
@@dlaird88 r/woooooosh
@@DaveTheMemeThief r/woosh
You do realize that these hedge fund guys you hate some much are the same swamp dwellers that Trump vowed to hold to account, right? That ginger press secretaries brother is deeply involved, and who know how many other government officials. You helped elect a senile old swamp dweller that wants to help these hedge fund wanks. Trump was fighting for you. I feel so sorry for all you americans who have been so misled.
I’ve seen the reaction of one of these hedge fund con artists. He was practically crying when he complained about someone doing to them what they do to others on a daily basis. It was uplifting!! I hope several of them go bankrupt!
You do realize that these hedge fund guys you hate some much are the same swamp dwellers that Trump vowed to hold to account, right? That ginger press secretaries brother is deeply involved, and who know how many other government officials. You helped elect a senile old swamp dweller that wants to help these hedge fund wanks. Trump was fighting for you. I feel so sorry for all you americans who have been so misled.
@wkruit please share link
@@SimonHergott crazy huh. Trump was a business owner. He knows corruption. I would bet why Epstein island only had him so few times was because he recognized their plots to honey pot early and left because TPTB are too big to be brought down. Best to stay away and bring them down in the proper time.
@@SimonHergott Yeah whatever. Somehow you failed to see that Trump's administration was the most corrupt in recent history. Heck Rudy was trying to sell presidential pardons for $2 million a pop.
This just in: Billionaires throw a tantrum over losing money to people who say *_"stonks"_*
Reddit moment
GameStonks
🤣
@@bendy_rabbit stonk
@@vtdemocracy7520 we like da stonks
Redditors be like: "If you don't have the balls to tax the rich, we'll do that for ya"
Ooooooooooooooohhhhhhhhhhhhhhhhhh
😂😂😂😂👍
@FlexenPanda8203 honestly thos, you should lol. It might help for college
@FlexenPanda8203 do it. This is exactly the Redditors' goal, I think.
@FlexenPanda8203 Diamond hands, hold on as it flies to the moon.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@jesbensommichael8397 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.
@@harrisonmichael5047 Oh, that sounds good but how do I reach out to MARTHA ALONSO HARA
@@jesbensommichael8397 Look up her name on the webpage
@@harrisonmichael5047 Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me
The trickle down comment had be clapping and yelling "F*** YES, STEPHEN!"
I like that Stephen didn’t refer to the Redditors as “amateur” investors like everyone else has. You really can’t call them amateurs when they played the market like a fiddle.
They just mad asf😂 disrespecting em
Yeah there's a lot of dumb people out there. But make no mistake there are a lot more non-rich smart people out there than all the "smart" people on wall street.
I just want to point out that I am in fact dumb, but still happy to do my part against these chodes.
Tbf this video was put out before they attributed GameStop to Trump supporters and closed the subreddit down. He's backed into a corner for trying to be first.
@@yukonfarnsworth1688 What are you talking about? Go over to r/WallStreetBets and try to talk about politics... And Trevor had a segment out early yesterday evening.
This whole gamestop thing is the perfect manifestation of that whole "the ants outnumber the grasshoppers" thing.
love that movie.
This is a perfect analogy
Agreed.
@@Spherehead123 å
Basically, if the retailers win, the institutions go burst and the retailers get all their money It's a zero sum game. Simply a transfer of money from the rich to the layfolk
"F" the wall street billionaires!!! Buy GameStop!!!! BOYCOTT Robinhood!!!
Ig it was nothing personal lmao
Already looking for a suitable alternative unfortunately there don't seem to be many that are very well rated I'm waiting to see what direction this goes as I don't want to fall victim to these Wall Street predators and I'm so glad to see that people have come together to fight this b*******
The alternatives are Fidelity and Vanguard in the US
Gamestop lost nearly a billion over the last several years
@@themo7 and they got it back now didn't they look at all these gamers investing in something they believe in. Did you have a point to make? I see what has happened as a positive thing in more ways than one certainly better than a bunch of f****** billionaires basically causing it to fail by betting that it will f*** them all
I've described the GameStop event like this: It is the French Revolution, except Madame Guillotine is cutting off the rich's wallets rather than their heads, which is what they REALLY fear.
You do realize that these hedge fund guys you hate some much are the same swamp dwellers that Trump vowed to hold to account, right? That ginger press secretaries brother is deeply involved, and who know how many other government officials. You helped elect a senile old swamp dweller that wants to help these hedge fund wanks. Trump was fighting for you. I feel so sorry for all you americans who have been so misled.
@@SimonHergott stonks go brrr
Doctor Discord It needs to happen over and over. The average American needs to ruthlessly find a way to do this. Links provided for you See my videos one of them is about GameStop and Michael Jordan See these videos kzhead.info/sun/Y81qlsmjnnSNaYk/bejne.html&authuser=0 kzhead.info/sun/lLWIoKWqkZyQqY0/bejne.html&authuser=0
Give the Hedge Funds $600 to last a year. That should be enough.
👏👏👏
❤❤❤❤
Why?? They do have bootstraps dont they??
Absolute SAVAGE!~
We need to do means testing to determine if they qualify for it.
So they made a bet and lost, and now they're crying about losing their stupid bet? Good.
Shorting isn’t quite that simple. Gamestop hasn’t been relevant in awhile, they haven’t changed their business model and now a bunch of people that don’t understand things just bought into a stock that is on a bubble. Sure the hedge fund lost money, but those reddit investors could lose money themselves. Every single one of those reddit investors have the capability to short stock themselves, I don’t doubt some of them do. Hell, anyone can short stock. What if these people continue to do this and a middle tier fund In charge of people’s pensions get screwed over by reddit guys? “We screwed the rich”. No they screwed average workers. No doubt legislation or regulations from SEC are coming.
@@dawsonpurkett7709 They weren't just shorting stock but naked shorting it. So the initial comment is correct. They got greedy, and got burnt.
Sounds very Republican to me.
@@dawsonpurkett7709 what if people lose their pensions? Like they already have been? then more people wake up and band together. That's partially the point. No one's expecting to profit off this (not many, at least)
It wasn't mentioned but hedge funds like Citron actually publicly bragged about Gamestop going down ton $20 and they were going to make billions easily
This is a stock exchange! There's no money you can steal! Really? Then why are you here?
I understood that reference!
Who knew that Reddit would be the Bane of hedge fund dbags.
Made a subrebbit for the same thing wallstreetbets made so gonna see what will happen next
lmfao good one
You know Bane was the bad guy right?
One thing not mentioned is that the shorts total roughly 140% of all the available GME shares on the market (it's been changing, but the shorts are still over 100% at the time of writing). They may have shorted more shares than are actually available. Someone who is shorting this is "naked shorting"--shorting without actually having borrowed the stock to short with--which is illegal. It also means that this hedge fund would be doing everything that it can to make sure GameStop fails, not because the company is actually bad or not viable, but because they make bank on its failure. Lower stock price makes it harder for the company to raise funding. There's no fundamentals here, it's Wall Street execs being evil shits and destroying things around them for money. Also, Robinhood did not stop all trading. They stopped allowing BUYING. If people can only sell, what happens to the price? It goes down. If it goes down, who benefits? The people shorting. There's legit reasons behind it involving liquidity since Robinhood doesn't actually own the shares that it allows trading with, they're a middleman that answers to higher powers, but their PR didn't mention this and looks like a total cover up because they're heavily invested in by a company that tried also tried to bail out the hedge fund that's being railed right now. And what did those dumb mofos do? They double downed. The greed, arrogance, and corruption will be their downfall.
Completely agree, it really annoyed me when Colbert got that part wrong. I believe RH is going to get sued into bankruptcy so meh.
dude its so simple to understand but people just dont take the time to learn anything anymore and just form groups of opinions based on someone elses opinion
Could you say that again please?
Yes previously I thought I had the selling short thing down really well, but when Colbert went on and on about it and also tried to be funny . . .well then I was back to square one in my confusion Links provided for you See my videos one of them is about GameStop and Michael Jordan See these videos kzhead.info/sun/Y81qlsmjnnSNaYk/bejne.html&authuser=0 kzhead.info/sun/lLWIoKWqkZyQqY0/bejne.html&authuser=0
"ThIs iS MaRkEt MaNiPuLaTiOn!" --Said by people who manipulate the markets everyday.
Brings to mind the lie that got us into Iraq.
@@raziele92 same people, same liars, same yarmulkes.
Market Manipulation isn’t illegal 😂
@@iamsearchingforthefiletmignon actually, it is.
@@fartsneed9464 LMAO
Hedge Funds: Tries to short GameStop. Redditors: "I'm gonna do what's called a Pro-Gamer move."
Underrated comment right there
LET'S GOOOO
LMAOO BEST COMMENT
Idiots gamestop has been shorting us for years
@@naegleriafowleri2230 Hey, Gamestop may be a shitty company with shitty business practices... but a hedge fund practically exposed its throat for everyone. How do you not slit it?
Rich people get pissed when others figure out how to play the game.
True and they pressure other's to make them win the game
They think themselves as a higher being and that pisses me offf
@Bald Eagle True i entered the youtube ring to get a chance to pay off bills and share my interest with other's but i got 13 subs . KZhead is killing , i don't know how to play the game yet but wish us youtube newbies luck and other's trying to make it big pls.
"Now its time to invest into whoever makes the worlds tiniest violins." This is gold
Fer real, I can't even remember the last time I seen Colbert actually enjoy doing the show. This was pretty baller.
Billionaire Hedge funds: "Only WE are allowed to manipulate the markets".
#RedStreet isn't manipulating the market, the manipulation was the hedge funds shorting over 100% of the available worth. That was friggin crass, and now...yeah...#EatTheRich
yup
No one is allowed to manipulate markets unless they want to do a Martha Stewart
@@tijan8948 😂😂😂😂 That isn't true at all ! The olygahrks can do as they please and never suffer our laws.
Such a beautiful thing, scrood by the little guy instead of the other way round...LOL
"Oh no, the billionaires lost a small percentage of their money! How awful!" -- No one in the history of the world
if only its true that noone said that likeness
@@lucidry yup, Trump supporters and other republicans have been saying that. They actually feel bad when rich people have to pay tax. They have no issue with Amazon not paying any tax. It's just incredible.
PsycheMike new drinking game: take shot every time a politician talks about a business as if it's a person. You'd be dead from alcohol poisoning within a week.
@@owayasomething9295 I'd never thought of it that way.
Will somebody think of the billionaires!? How else is wealth supposed to trickle down to us???
The thing us gamers know but the hedge funds didn’t, is that Gamestop never trades for a fair price 😎 💎🤲🏻
One employee actually spit on a game I brought in to sell , rubbed his hand all over it, than told me it was too scratched to sell. Fuck gamestop, I hope this buries them.
@Hugo Ferraz He wasn't working there long but it's the bullshit trade-in prices I was saying that for. Just wanted to throw in some random thing that happened to me there. Btw, that dude threatened to fight me outside and pussied out when I called him on it.
Underrated comment!
"Can we please not grow our own terrorists!" *thinks about America's role in jazzing up the middle east*
America seems really good at creating terrorists!!
Yea but those ones are made for export not domestic sales.
Not to mention how many US citizens funded a literal terrorist organisation in Ireland prior to 9/11 and the Good Friday Agreement.
"The invisible hand of the market extending you the middle finger" is one of the most amazing quotes out of this whole situation. Just... whoever wrote that line: You are an amazing person.
There's a line in the video game The Witcher 3 that references someone being "slapped by the invisible hand of the market" if they don't pay a debt they owe as well. I doubt the writer came up with the idea for this joke in a bubble
Loved it ,the whole segment was the best .
@@mikehiebert6227 Economics Explained has a similar quote: "When you mess with mister market you get a slap on the bottom line."
I personally think the best was the "trickle-down" part!!! Comedy Gold!!!
😊👍
The Economists: "But GME isn't worth $350 a share." The Economy: "Things are worth what people are willing to pay"
@Kevin L Just to throw in my pshycology 2 cents here. Rational yes. If given rational data to act upon. We are kind of programmed rather well there. Otherwise? yea so about those laser beams from space?
A lot of people are learning a valuable lesson from all this: Money isn't real, things only hold value because we say they do, and Wall Street gets nervous when people figure that out
Reminds me of something an Econ professor told me, "Intro econ classes teach you, 'This is how the economy should work if people were rational thinkers.' but graduate econ classes teach you that people are profoundly stupid and while rational models work in the long run, in the short run it is straight madness."
That is hilarious considering we are looking at a whole slew of companies in today;s market with PE ratios of 300 and higher. Newsflash...very few companies are valued correctly.
I'm an Economist. Things are worth what people are willing to pay. You are confusing the study of Economics with the study of Finance.
It's such a relief hearing him talk about something else than Trump again.
It’s even more relieving to watch something that’s not corporate propaganda disguised as comedy.
He literally starting talking about trump 1 minute into it. They purposely didn't say or show his name though. But I didn't think people were that dumb. You really didn't think they talked about trump? Who tf did you think "t****" was when he was showing words talking about trump while also saying "the previous president"?
@@alprazolamb4248 Duh. Golly gee. If you didn't tell us, we would have never known. 🙄
@@hermestrismegistus3417 Corporations.. against Trump.. that's pretty fuckin hilarious.
@@dewaynethomas3122 Well, I didn’t mention Trump at all, but why do you think that’s hilarious? You know CBS is a media corporation right? So are Time Warner, Viacom, Disney, and GE, a few conglomerates that collectively own about about 90% of all popular media. Then the tech giants; Google, Microsoft, Apple, Facebook, Twitter, Amazon etc. All clearly anti-MAGA. I really don’t understand your worldview, do you think this is not the case?
And that is why investors should never ever short a stock.
Investors don't short stocks. Parasites do.
Rich people: We made a risky bet & got outsmarted by Reddit. Gov needs to bail us out
funny that they got outsmarted by some people who call themselves virgins lmao, I'm with reddit on this one. Also, I always see you in the comments
They should start learning how to budget. That's what they're always telling us.
Wall/K street have been using OUR taxpayer money via the GOP's welfare/socialism for the rich handouts for decades. About time We the People rose up and took some of our power back!
Pitchfork Capitalism
@@dHolbach77 it's time they pay for their tax evasions, and their advantages from lobbying and corrupting politicians
Never did I imagine that my pride in a bunch of Reddit gamers could bring a tear of pride to my eyes!!! 😅 They should be so proud of themselves, and I really hope many more wall street scum bags feel the wrath of the ppl they have been screwing over since the beginning of time!!
I love Reddit, it’s like the wild west
Just to be clear, If you find yourself on the side of the people who stack the deck against the regular people, you're on the wrong fucking side.
Rich people: Why don't the poor just invest their money Poor people: OK Rich people: ... Rich people: wait. stop.
Stolen meme.
Exactly. They can’t figure out why we don’t just ask our fathers for a “small one million dollar loan.” And start an empire
@@CMM726 it's easy to spend 1 million on crap.. which most would do. Starting an empire is hard even with 1 million. Most couldn't do it.
If everybody started being rich there'd still be people who are richer. And then the prices would reflect the majorities spending power. $5000 loafs of bread anyone?
Poor people: "wait stop" ? You mean *Gamestop. FTFY.
Remember: as funny as this is, it's hurting real people who own multiple boats.
Ordinary people have lost their pensions and their life savings while you laugh. But I guess that's ok if some rich people were hurt too.
@@Polymeron -- Sending up the price of GameStop stock caused people to lose their life savings?
@@Polymeron That's not how this works, did you even watch the video?
@@Polymeron what load of crap. Only the rich were hurt with this.
@@TheRebornOne34 it could
"caught between a rock and as dumb as a rock" sounds good to me
Marble bathroom in my hovercraft? It’s a hover-yacht, Steven.
From my new 1-to-1 gamer iron man suit and with my golden mug, on a platinum coaster
Wall Street: Let’s ruin this game company Gamers and redditors: So you’ve chosen *LOSS*
More like do not mess with the gamers, they r used to playing game
It has nothing to do with GameStop or a game company. The company is still going bankrupt.
@lol you Idiot Not entirely true, the meme of it being Gamestop of all things was too perfect an opportunity to pass up lol the coincidence is far and away the funniest thing I've seen in years. POWER TO THE PLAYERS.
I'm all for this, but it's rich that gamers think Gamestop was ever on their side. Or more specifically, that people talking about this think Gamestop was ever on Gamers' side.
@@eiyukabe It's more a situation of "I hate my sister" but bully her and I'll go "hulk on you".
Remember: it’s only “Class Warfare” when the “lower” classes hit back!
And so much for the 'free' market.
Exactly. But it’s not class warfare to kick the poor around. Smh.
Bingo. We have a winner.
Exactly. Otherwise business as usual. Us getting stomped.
I am living for this so much. The rich keep getting richer and they are so arrogant about it makes me sick. I just want a heads up on the next “investment”.
I like how everyone is calling this "punishment" but frankly all they did was see that the market was artificially out of whack because of a few Big Shots and they called the big shot bluff.
There's one thing that Stephen is wrong about in this segment, and it's that there was no coordination on Reddit as a whole to buy $GME. Just a lot of people who happened to like the stock.
Wait until he realizes that is the head of the Statue of Liberty sticking out of the sand.
I love how Nancy Pelosi basically said "oh you lost $5 Billion dollars to poor people that outsmarted you?, Interesting"
No, that was say nothing statement. Need to keep a close eye on Joe and Pelosi right now. I want to believe in them, but Pelosi's statement right there sounded like; "I am going to not talk about this because, in order to keep the donors happy, I'm gonna pass a law to punishes the poor and defends the ritch."
@@mikeshogunlee if you look at her record, and what she stands for, it is not hurting the poor. She has actually fought to help us normal Americans.
@@mikeshogunlee Classic GOP spelling levels right there. What a "ritch" comment.
@@mikeshogunlee Yeah, that and she probably has no idea what actually happened or how it worked. Hasn't had her briefing yet.
@@KameronFranklin She's awaiting orders from the oligarchy
Rich people: We're rich cause we're smarter and better at investing. Poor people just need to learn how to invest. Poor people: Okay, watch this... Rich People: Hey, stop that!!!!
When poor people lose money: they are irresponsible and dumb When rich people lose money: SEC ShOuD dO sOmEtHinG
LITERALLY what is happening.
Manipulation**
I love this comment 300x more than the number of times I liked it.
And then , they them selfs become rich and so on , and so on. 'Never' ending story . . . Who cares , right ! As long as santa comes round ones a year . . . oh , the holy times. 🤔
Best explanation I've seen so far. I also wish that Beanie Baby value would increase like that.
i love that Invisible Hand vs Invisible Middle Finger symbolism
Banks: "We want every U.S. citizen to buy stocks and invest in the economy." Reddit: "OK, let's go"
Funny thing is, the ONLY time an investment actually helps the economy is when NEW shares are sold. Think IPO. And wealthy people are the only ones who get a chance at that first purchase. All of the trades after that mostly just make the wealthy wealthier. So when they say they want everyone investing what they are really saying is that they want everyone giving them money. Not that you shouldn’t invest, you should because you can and probably will make money in the long run. But that’s not why the brokers want small investors in the market.
@@willdejong7763 Even the IPO is questionable. Yes, the company gets a lot of capital, but many if not most companies also loose their ability to think and act long term. After the IPO, it's always short term stuff to shore up the next quarterly report and long-term stuff is seen as bad because it costs money now but may not bring in profit for years or even decades....
@@ReneSchickbauer Yeah, I total agree with the point you are making about publicly traded companies focusing too much on short term financial statements to the detriment of the companies' long term performance. I guess my point was that all of the trades that happen after the company releases shares to the market, that these trades do not directly benefit the company. One investor buys and another sells, but the company doesn't get any of that money. So how are stock trades helping the economy? It's indirect at best.
@@willdejong7763 many ipos go south at first too tho, but yeah totally.
Banks: "No, no, no, no, thats not how you were supposed to do it"
"It's not about the money, It's about sending a message." -JOKER
Exactly !!
Perfection. 👌🏾
NOW EVERYTHING BURNS!!!!!! 🚀🚀🚀🚀💎👐
@@12ajamu I like that
@@sigmacassandra4365 Gary Webb wasn't he the DNC 16 winner?
When the Hedge Fund Managers bought these shorts, they agreed to expose themselves to an "unlimited" potential for losses. Those are the rules for buying PUT Options. They need to be held to that standard. It is the standard that everyone is held to when buying PUT Options. If there are different rules for "them" (when it suits) them vs "the rest of US", please let us know so that we can pull ALL our money out of the market! If the markets aren't held to the rules, it's fraud.
I like hearing the chuckling in the background, it feels natural and makes me happy to have someone else thinking the jokes are funny.
Hedge funds executives: No, you con't manipulade market like that Redditors: Hold on, this whole operations was your idea.
"We learned it by watching you!"
@@glenngriffon8032 Oh, that's good.
kzhead.info/sun/f8mydrmmj5eMoac/bejne.html
there restricting purchase of the stocks $GME , $BB and $AMC traders will need to hold the line and have Diamond Hands 💎🙌
@@TheNecropolis20 true. By restricting, theyre basically creating a war of attrition. Are we gonna fold first by selling? Or are they gonna fold first by cutting restrictions? A war of attrition is exactly what we want. We own the shares, so our lives are pretty unaffected if we don't move. We can't lose any more money than we have put in. But they BORROWED their shares and have to pay interest on them. The longer they wait, the more money they bleed.
Robin Hood looking a lot like the Sheriff of Nottingham.
Man, Christmas got cancelled *early* this year.
Or Prince John, the phoney king of England
But if people plotted to spike the stock of Gamestop to grow just to get at Hedgers playing against its stock is problematic, . Isn't it right to cut it off? Robinhood must be betting on Gamestop's future losses or they have a lot of people betting against Gamestop.
Beautiful.
People need to stop mocking Wallstreet. Cuz you have these trading platforms freezing trading on the stocks so their buddies don't lose cash & they can regroup. They have more cash in a thimble, to short whatever business they want, than we do in in our giant "GoFundGameStop" or w/e campaign.
Did she not at all think about how chasing after someone yelling: "I have a concealed carry permit, I'm a gun owner" might come across as a threat? I like owning and shooting guns, can you please stop being stupid and making my position difficult to defend?
It was like the guy who tried following myself, my partner and our baby when we went for a walk one evening. "I'm armed but don't worry, I have a permit." Like, dude, this is a red state, I assume everyone is armed but following us when we have a baby and making it a big deal that you have a gun on you? Of course that is going to be seen as threatful.
"I carry a GUN f- uh, for uh... Protection!"
"Don't worry hedge funds, eventually all this money will trickle down to you" ..soooooooo good! haha
😂😂😂😂😂🤣👍
Those poor poor widdle billionaires, take our advice: pull yourself up by your bootstraps and learn how to budget better! I mean, it’s what you tell us all the time right?
@@spaceface320 they could always learn to code!
@@timr6492 less coffee and avocado sandwiches should help too 😂☕🥑
Nailed it
"I'M SURE ALL THE MONEY WILL TRICKLE DOWN TO YOU" what a legendary line
An evergreen statement if I've ever heard one.
That was EPIC
Funny Stephen is saying this now. Trump voters did this. They hate the elites just as much as you. Steven larps as someone like you. WAKE UP
@@futurereflections4097 i see
@@futurereflections4097 Exactly how do you know Trump voters did this? Even if people claim to support Trump online, it's often to troll, and there's really no way to be certain of what ballot they really cast. Moreso, Reddit is notoriously pro-democrat. And even if they were Trump supporters- They're still screwing over Wall Street, I don't have a problem with that.
Does money trickle up? It sure as hell doesn't trickle down.
"Can't stop, won't stop. GameStop."
So basically they dont like it when we take their money.
Gee, so sad-😂🤣
"their" money haha
They like to play with fire but don’t want to get burned
No you missed the point that Steven literally laid out. When the rich take money from the working class they are fine. When the working class makes money off of the rich they are White Supremacist Trump Supporters!! #wakeup
Lol boo hoo. Hope this is just the beginning.
They're getting a $1,400 stimulus check soon. That should tide them over.
Lol! Exactly!
Well,the check has been promised When it actually gets sent in the post is another thing.
I'm sure they've gotten more than their fair share in tax cuts
😂😂😂😂😂😂
Ha! 😁
I know every nerd has said this but man "power to the players".
Isn’t that what happened in “trading places” with Eddie Murphy and Dan ackroyd when they broke the richest guys in the stock market
Well, on Trading Places, the rich guys were using illicit information and Eddie Murphy and Dan Ackroyd's characters gave them false illicit info, so the 'rich guys' would bet wrong.
Correction: Robinhood prevented the ability for retail users to buy more GME but still allowed retail investors to sell. Giving the hedge funds shorting a massive advantage in limiting thier potential losses. Hedge funds were the only people 'allowed' to buy so they bid the price lower.
Of course they did. SMH. It's infuriating. They got beaten at their own game. Too bad, so sad. They should have to take it on the damn chin.
Only on Robinhood people are using cash app and others. The fun isn't over yet.
Wait... Isn't _that_ market manipulation?
@@YamiOni yup
@@YamiOni it's double fun time manipulation if you consider that robin-hood is owned by hedge-funds with bad positions.
“That’s an embarrassing way to admit you’ve never heard of lightning” 😂😂😂
"lasers"
I cackled
It's called a direct energy weapon. There are Boeing and lockheed Martin promo videos here on 'YT about the tech, at least 6 months ago anyway.
I shot the laser. Just couldn’t hold it in anymore.
this is my favorite thing right now... honestly this story is just good for my soul
Billionaires: end these peasants... Reddit: *Uno Reverse* 🔄 We did say eat the rich and leave no crumbs... I’m so proud of our generation.
I’m proud too, and I’m not part of your generation.
💎👐💎🚀 LET. THEM. BLEED. OUT.
oh yes, and let them eat the crumbs of our cake...
Me too! We are really challenging their set norms🚀🚀🚀👐🏽💎👐🏽💎👐🏽💎👐🏽
As an elder millenial (35), I'm really proud of us. Being tech savvy and compassionate is really working out well, despite us inheriting a world that is literally on fire. Good job, everyone!!!
"It's not about the money, it's about sending a message" -Joker, 2008
Hell yeah! I'm getting real Joker vibes cuz of how 2021 started.
This is what makes me uneasy about the whole thing. Joker is not a hero, you're not supposed to sympathize with him. I have no sympathy for the hedge fund guys, but I'm incredibly shocked that people are so ready to accept this brand of alleged vigilante justice. I don't want to put faith in a bunch of memers who have the power to target anyone they disagree with. You don't get to call it justice when you directly profit off of someone's loss. Again, no sympathy for the hedge fund assholes profiting off killing a company- they should have been reigned in years ago- but I hope we can see that this exposes a major flaw in our trade practices that both sides of this altercation are legal. Neither should be.
@@StyxTBuferd The whole Joker concept went over your head very quickly. It's an anarchist sentence, nothing wrong about it. Let them bleed or eat cake, whatever float your boat
@@StyxTBuferd the joker wanted to expose Hypocrisy and down right deception in main stream society. That sounds pretty noble to me.
@@StyxTBuferd They aren't really profiting. No matter what the GS stock price reaches GS is still a burning dumpster of a company. Those stocks won't pay dividends worth a damn and no wise investor will buy them off these Redditors. GS might be saved by this influx of capital, but barring some major changes to policy everywhere from Corporate to Retail, some major PR recovery, and some improvement in the market the company is still heading for bankruptcy.
"Ya gotta pick yourself up by your coke straps." XD Nice.
4billion dollar loss to hedge funds Hedge funds: “Tis but a scratch”
These people don't care when they literally ruin peoples lives but when you mess with THEIR money they start crying foul.
They must feel that their own lives are ruined. Even when their lifestyle doesn’t change a whit.
Hedge funds don’t mess with their own money, the mess with other’s money. When they’re shorted, they snort, ‘cuz they’re on the line to cough up, big time.
For those who say the gamers are messing with people's 401ks remember this: those hedge funds are using your 401k money to drive down the stock of something THEY DON'T EVEN OWN!!! that's not investment, selling short is actual stock manipulation. So don't hate the gamer...hate the 🎮!!!
Rich whining about regular people making money. Disgusting.
The 401k argument is always the dumbest one. Those folders are diversified all the way to Hell and back. Nothing short of am overall market depreciation, recession, or crash is going to pull them down.
@@CoffeeSnep that or poor management of those hege funds
lol plus nobody is going to have a 401k that bets on short selling... that's just ridiculous and not a good retirement strategy. Besides the billionaires will just get bailout money anyways, unlike the poor people.
Oh, I have a big, juicy 401k and I can tell you this: I could care less if I lose some money because of what has happened- it's worth it. Nobody wants to stick it more to the elitists in this country than me. I can't wait to see the politicians that try to protect those bums too, if they rear their ugly heads. I hope it will expose everything. Now on the same token, I'm really hoping this makes the market a more balanced and fairly run system. I hope the struggling companies can avoid the fate of worthless stocks when they are being bullied out of existence by a bunch of greedy investors. And I don't want this to kill short selling- I just want it to be based on free market principles, not a rigged system. And don't let the lefties tell you this is because of free markets- it's not, it's the opposite.
With people on the internet being able to start movements like this, I see internet censorship and reduced privacy becoming more of a thing....
Its already happening years ago, if not until the 2000s, search up the "censorship in china" The chinese government censored some social media and most international media because of torture of minority groups by the government.
Don't you remember Edward Snowden? America lost it's privacy years ago. They jsut don't have the manpower to track it all in a meaningful way.
Cue the ads for NordVPN.
"Free market" until the wrong guy starts winning
All joking aside, I’ve been so confused by the GameStop story but the beanie baby analogy is easily the best explanation I’ve heard.
Actually, it's even worse. They had shorts on way over 100% of availabe "beanie babies", so even if they bought them ALL, it would not have been enough. They were betting not only on dropping prices, but also on the stupidity of people re-selling them the "beanie baby" for a second time - with a loss.
Nope. Still don't follow. Think I should stick to the day job and be glad I've never had enough money to risk losing any. I love you and your explanations for things, Stephen, but I can honestly say, right now, I can't remember being this confused since someone tried to explain binary to me. Or teach me chess. Still can't play it..
@@floradiamonds The original idea is simple. Person A owns a piece of paper, worth 10 $. Person B comes along and asks Person A to lend him this paper, for a 1$ fee and he'd get it back in 30 days. So person A agrees, and person B sells that piece immediatly to Person C for 10 $. He gives 1 $ to Person A and still has 9 $. All he has to do now is wait 30 days and look if the price for that paper falls below the 9 $ he still has. Say at day 28 the price for the paper is now at 8 $. Person B will buy it, give it back to person A, and still has 1 $ over - his profit. There's only a tiny problem: what if the price does not fall? Say it's day 30 and the price is at 20 $. Now you have to buy the paper for that price, and get additional 11 $ out of your own pocket to do so.
really? Confused? Lemme make it simple for you: these hedge fund managers lost to people who learned to play their game better. And now they're crying. And the government wants to wipe their tears.
@@floradiamonds To put this in perspective, if you'd bought 1 share at $15, you'd now have $350. I've seen people who owned 3k of GameStop in December, now sitting on 100k ish. Crazy times.
This is the world telling the hedge funds to go “ “FUND” THEMSELVES “ ! Enough of betting on human misery !!!
Cant wait for the South Park Episode about this.
It would be funny if some of the hedge fund companies went out of business because of this and suicidal millionaires started jumping out of windows!
It's so weird not hearing a studio audience laugh during a monologue.
Refreshing! I don’t need others to tell me what’s funny and when to laugh...
No it's actually fine
Weird how years of brainwashing can affect our perception.
Stephen Colbert you rock. Thank you for keeping us sane these many years of cray-cray.
And what really needs to be investigated is Robinhood's refusal for trading in that stock which is....wait for it..... illegal!
The SEC is apparently looking into it. The movement already had support from senators like AOC and Bernie Sanders
Yea from the online posts i have seen it seems like Robinhood has gone way more far than this. Seems like they have sold the shares of the small holders back to the Hedgefonds for the lowest price WITHOUT THEIR PERMISSION !!! (I personally can not say if the reddit post were real but if so... thats very very much market market manipulation)
They allowed users to SELL their stock but not BUY thereby creating a one-sided market which benefits the hedge funds with the short position. Massive conflict of interest for the Citadel (hedge fund) backed Robinhood.
And for selling clients stock without their permission!
@@myname9130 this shouldn't need political support from whatever side. The law is pretty clear in that case. What they exactly did not so much but the SEC investigating is at least a sign that there is some serious concern of at least something shady going on and some sort of litigation coming up.
Rich people: Invest, not spend Poor people: No Rich people: Invest, not spend Poor people: No. Poor people: ... Okay, we invest Rich people: ... Rich people: WAIT NO--
Everyone else: where’s my popcorn?
@@adamchristopher6917 I’ve been in the sidelines and laughing my ass off at all this.
CHECKMATE CONSERVATARDS
The best part is knowing that a significant number of the redditors are doing it purely for fun and comeuppance's sake, and consider the price of their stocks more like a movie ticket than an investment that will pay out.
T***p voters did this btw. Just FYI. They got banned on discord for “hate speech”
Remember kids "Investing is a gamble!"..............haw haw gaming hedge fund managers is hilarious!
This was the smartest opening performance I've ever watched. Adam Smith's invisible hands are clapping for you Stephen. 🙌
The Rich to poor people: Stop crying about being poor and just invest your money into stocks like us its the free market for a reason 😒 The poor: Ok sure 😁 The Rich: WAIT NO-
And yet, business media is vilifying the Reddit users. And the government will bail out the rich.
@@thatindiandude4602 because all the billionaires own these hedge funds and media groups so they’re running pro billionaire propaganda 24/7 to make it seem like they’ve always been the good guys and they’re the victims
@Kent Peet COVID proved to me the economy is just a house of cards
*insert massive explosion here*
@@thatindiandude4602 2008 proved to me that the economy is just a house of cards. Covid solidified it.
This was the best example on what is going on with Reddit/gamestop ever.
Retail investors found out hedge funds are betting GameStop will go bankrupt. They then try and force the stock to go down by “shorting” the stock. Shorting is mean. Retail investors buy lots of shares in GameStop driving the price up and causing the hedge funds to lose billions. Retail investor = good. Hedge fund = bad
This is an equally/superior distillation of information, kudos 🤙
People buying this garbage stock will get destroyed... Checkers players on a chess table. Stay away!!!
@@allnoyz7895 look up u/deepfuckingvalue dude. The guy went from 22mil-47mil overnight and took out 13.8mil for themselves.
@@streetpeter3210 How much money did you make after exiting your position? That's all that matters. Hahahah...you actually wrote cuss words.
And here I was hoping all the crazies would go back and hide in their underground holes 🤦♀️
That shout out to Mel Brooks was everything I needed.
Billionaires: “If you don’t like being so poor then why don’t you just invest money into the stock market.” Regular people: “Okay.” Billionaires: “😡”
"dumb money" lmao
@@ZackestTV you know, for money that’s so “dumb” they sure did manage to outsmart the fuck out the billionaires. Ironic, isn’t it?
They're not doing this to earn money though. They are doing it to send a message.
@@DaDunge I know but they are trying to spin it as if we are.
@@DaDunge Is that illegal? I'm sorry, I thought this was America.
The “trickle down” return? Priceless.
yeh for real !
That was good! Got me grinning in glee! Lol!
Trickle down works. You just have to make the rich bleed first.
just love how Stephen extends a middle-finger to these wall street jerks for the whole monologue. wall street is another example how the rich operate: the moment their system is turned against them they call for help from the government
This whole GameStop situation really reminds me of Trading Places and I’m loving it
This is my favorite episode about the GameStop story! I keep coming back to watch it again.
Never underestimate a gamer. They are used to working as a team, playing the long game and killing their opponents.
This!!!
“And we shot it with our gun because rainbows are GAY.” That guy’s laugh in the background was me just now, only trying to hold it in because my parent’s are asleep XD
That whole line and the like 4 lines leading up to that were the best
I love how much effort was put into game culture and memes during the segment.
6:34 LOVED that History of the World Part I reference!!!!! 😂😂
Billionaires: Just invest that $600 stimulus, sweetie Poor People: ** Billionaires: No, that's not how you're supposed to play the game! 😭
This reminds me of The Dark Knight, when the Joker demands one boat blow up the other, to save themselves. Resulting in neither complying, thereby proving that neither was as self serving or vicious as the Joker suggested.
*slow motion* nooooouuuuuu donnnnttt inveesstttt thatttt...
@@emeraldtabbycat148 Except billionaires are not on the same moral ground as regular people trying to flip them off?
Poor people are too busy trying to keep an address for the check to come to to invest it. 🙄. Working class doesn’t have $ to invest! You mean lower middle class and up!
Power to the players
Give the hedge fund folks $600 That will fix it.
The hedge funds should stop spending so much money on video games and learn some financial responsibility.
Lmao 🤣 I can't. Ugh I'm like laugh crying
Wait you got 600 im still waiting . Hahaha
Right, then they can watch youtube to find out when or if they might get 1400 more for rent and ramen noodles.
They'll get more than that once the next Wall Street bailout comes and all will be well again. The wealthy will stay wealthy and we'll still fork the bill for it.
I am really enjoying all the different scenarios people are using the explain shorts.
"stuck between a rock and a dumb as a rock".... Lololololololol 😂🤣🤣🤣❤️
i’d like to point out - most of the reddit guys aren’t selling their stock. they want to hurt these big hedge funds, and other than specific cases, most people who bought in aren’t selling yet! it’s amazing actually
Bravo!
Keep it going! Keep holding!! This is great! 😂😂😂
I hope r/wallstreetbets is going to do such things a lot more often and a lot harder. They are the heros we need and the heroes Wall Street deserves.
@@KityKatKiller 1000% agree!!
Its not about the Money for most. Its about the message. If a few Million (or even just a few Thousand) People buy 4-5 Shares each thats ALOT and the people dont loose that much money. Most "clever" people sold enough stocks on a high to cover initial expenses and kept the rest on Hold. If they go higher thats gravy on top, if they go lower no money is lost because you already covered your expense.